Life360 Partners with Hubble Network to Build Global Location Tracking Network Aiming to Leapfrog Apple and Google

SAN FRANCISCO, May 13, 2024 /PRNewswire/ -- Life360, a family connection and safety company, has announced a signed non-binding letter of intent with Hubble Network to become the exclusive consumer application of their groundbreaking satellite Bluetooth technology. Through this strategic partnership, Life360 will leverage Hubble's global satellite infrastructure and Life360’s global network of over 66 million smartphones* to introduce “Find with Life360,” a global location-tracking network. Hubble's breakthrough achievement of connecting Bluetooth devices to a satellite tracking network avoids previous limitations of Bluetooth location-tracking devices. Find with Life360 has the potential to herald a new era in location tracking and surpass the finding network capabilities of Apple and Google.

Track Anything, Anywhere
Integrating Life360’s newest Tile Bluetooth trackers onto the Find with Life360 network seeks to ensure important items can be found and recovered, regardless of where you are on the globe. The combined Hubble and Life360 network will be designed to make any item findable without the need for cellular connectivity. Imagine losing your keys while hiking in a National Park, Find with Life360 will make pinpointing their location easy, transforming a potential ordeal into a minor blip on the adventure radar. With Life360’s platform-agnostic approach, available on both Android and iPhone devices, the convenience and assurance of locating items, whether indoors or out, are now within reach for everyone. Find with Life360 is designed to be compatible with the new Tile Pro and Tile Slim launching in the second half of 2024.

An Advancement in Wireless Innovation
Hubble's ground-to-orbit technology marks a significant advancement in wireless connectivity, extending a Bluetooth device's range from mere feet to hundreds of miles. Hubble has proven its technology by successfully launching two satellites into orbit, each already hosting live, beta devices on its network. With a full constellation of 96 satellites planned to be in orbit by 2028, pending approval of launch dates, Hubble expects to provide connectivity globally, irrespective of cellular reception.

Developer Friendly 
Find with Life360 will also provide API access to developers, allowing them to integrate any item onto its map seamlessly. Life360 aims to establish itself as the universal location service for all essential tools, advancing its goal to improve everyday family life for its members. Find with Life360 intends to prioritize developer-friendly functionality, providing easy integration and empowering developers with the freedom to customize their location-tracking experiences.

Theft Protection 
A differentiating feature, Find with Life360 prioritizes user control, particularly regarding theft protection. Users on the Find with Life360 network will have the option to opt out of overly intrusive alerts. While our competitors inundate users with aggressive anti-stalking notifications, rendering Bluetooth devices ineffective for theft recovery by alerting thieves to their presence and location, we offer a solution. Similar to Tile devices in Anti-Theft Mode, users can opt out of these burdensome alerts by scanning a government ID, allowing them to reclaim control over their tracking experience.

Chris Hulls, CEO and founder of Life360, shares his enthusiasm for the partnership, stating,  "We believe the collaboration between Life360 and Hubble Network marks a pivotal moment in the evolution of location tracking technology. We’re providing consumers unprecedented access to global location tracking, ushering in a new era of peace of mind and security. Additionally, we're empowering both users and developers by offering flexible privacy options and seamless integration, setting us apart from other offerings."

Alex Haro, CEO of Hubble Network and Co-Founder of Life360, echoes this sentiment, highlighting the significance of the collaboration. "Choosing Life360 as the exclusive consumer-side platform reflects our shared vision of integrating location awareness into everything. With Life360's unwavering focus on meeting members' needs and its reputation as a trusted ally of families worldwide, this collaboration embodies our commitment to redefine connectivity in our ever-connected world."

To discover more about the proposed partnership, visit Life360.com/find.

*Life360 reported approximately 66.4 million MAU as of March 31, 2024.

ABOUT LIFE360
Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. As a remote-first company based in the San Francisco Bay Area, Life360 serves approximately 66 million monthly active users (MAU), as of March 31, 2024, across more than 150 countries. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small.

ABOUT HUBBLE
Hubble Network is building a global satellite network that any Bluetooth-enabled device can connect to, even without cellular reception. By creating the world's first truly global, cost and battery-efficient network, our mission is to connect a billion devices. Founded by a team with decades of experience in RF, Space, and Industrial IoT applications, Hubble has already launched its first two satellites, proving Bluetooth connectivity to space.

Forward-Looking Statements
This announcement and contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Life360 intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements regarding Life360’s intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Life360’s expectations with respect to Hubble’s plan to launch a [full] constellation of satellites planned to offer connectivity globally, irrespective of cellular reception; providing provide API access to developers and prioritizing developer-friendly functionality; and offering users flexible privacy options. The words “anticipate”, “believe”, “expect”, “project”, “predict”, “will”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “should”, “could”, “may”, “target”, “plan” and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. There is a risk that such predictions, forecasts, projections and other forward-looking statements will not be achieved. Subject to any continuing obligations under applicable law, Life360 does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement, to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statements are based. Although Life360 believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, Life360 can give no assurance that such expectations and assumptions will prove to be correct and, actual results may vary in a materially positive or negative manner. Forward-looking statements are subject to known and unknown risks, uncertainty, assumptions and contingencies, many of which are outside Life360’s control, and are based on estimates and assumptions that are subject to change and may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. For example, there is a risk that Life360 will be unable to realize the potential benefits of the proposed collaboration with Hubble because (i) the letter of intent is non-binding and there are no assurances that Life360 will successfully negotiate and executive definitive documentation with Hubble on favorable terms or at all; (ii) if Life360 fails to reach exclusive, definitive agreements with Hubble, its competitors could execute such agreements in lieu of or as well as Life360; (iii) a competitor of Life360 may gain access to Hubble’s technology, or develop or acquire rights to similar or better technology; (iv) Life360’s competitors may develop superior technology; (v) Hubble may not be successful in launching a sufficient number of satellites to provide coverage that is commercially beneficial to Life360; (vi) the functionality of this technology is not expected to be optimized until 2028 when the full expected constellation of satellites is in orbit; and (vii) Hubble’s technology may be unable to support Life360 products or a sufficiently large number of devices to make the Life360 partnership commercially beneficial. Factors that could cause actual results to differ materially from those in the forward-looking statements include risks related to Life360’s business, market risks, and the risk that the products and services may not perform as expected, as described in greater detail under the heading “Risk Factors” in Life360’s ASX and SEC filings, including its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 9, 2024 and other reports filed with the SEC. To the maximum extent permitted by law, responsibility for the accuracy or completeness of any forward-looking statements whether as a result of new information, future events or results or otherwise is disclaimed. This announcement should not be relied upon as a recommendation or forecast by Life360. Past performance information given in this document is given for illustrative purposes only and is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward-looking statements, forecast financial information, future share price performance or any underlying assumptions. Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Life360.

SOURCE Life360