Spacetalk Ltd (ASX:SPA) Licenses Watch Walk AI for Health Risk Detection
License Agreement
Spacetalk Ltd has signed an exclusive, worldwide licence for Watch Walk AI, developed by Neuroscience Research Australia and UNSW. The agreement includes a three-year initial term, a nominal licence fee, and royalties based on product sales using Watch Walk AI.
Product Development
Spacetalk will integrate Watch Walk AI into new SaaS and Subscription App products to predict risks of conditions such as Dementia and Stroke. The new software is expected to launch in the 2026 financial year, pending approvals.
Market Opportunity
The licensing allows Spacetalk to enter the global seniors care AI market, growing at 25.9% CAGR to USD$151 billion by 2030, and the wearable AI market, projected to reach USD$260 billion by 2032.
Executive Comments
Spacetalk Chief Executive Officer and Managing Director, Simon Crowther, commented: “Dr. Chan, Prof. Lord and A/Prof Brodie have spent many years studying how to turn wearable device data into health insights. The Watch Walk AI algorithm will make it possible to analyse gait and other data from Spacetalk wearable devices to predict health risks, enable timely care, and assist Spacetalk customers to preserve and improve their health. The Watch Walk AI algorithm will enable us to create software with capabilities not offered by any other company, anywhere in the world, to our knowledge. We expect our new software to be able to analyse data from Spacetalk wearable devices to help care providers take better care of participants and residents, insurers to offer options to reduce risk, and individuals and families to be aware of their health risks.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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