other material
confidence high
sentiment neutral
materiality 0.25
Life360 enters three-year manufacturing agreement with Jabil for Tile and Jiobit
Life360, Inc.
- Jabil to continue as sole contract manufacturer for Tile and primary manufacturer for Jiobit products.
- Agreement has initial three-year term, auto-renews annually unless terminated.
- Company has purchase commitments based on purchase orders and demand forecasts.
- Jabil granted non-exclusive, royalty-free license to certain IP for manufacturing.
- Agreement includes customary indemnities and tooling ownership after reimbursement.