Life360 Enters Three-Year Manufacturing Agreement With Jabil To Continue Production Of Tile And Jiobit Products; Agreement Grants Jabil Rights To Use Certain IP And Includes Purchase Commitments And Termination Clauses
Portfolio Pulse from Benzinga Newsdesk
Life360 has entered a three-year manufacturing agreement with Jabil to continue the production of Tile and Jiobit products. The agreement includes purchase commitments, termination clauses, and grants Jabil rights to use certain intellectual property.
October 31, 2024 | 6:20 pm
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POSITIVE IMPACT
Jabil has secured a three-year manufacturing agreement with Life360, which includes rights to use certain intellectual property and purchase commitments.
The agreement with Life360 is likely to positively impact Jabil's stock as it secures a long-term manufacturing contract, which includes IP rights and purchase commitments, indicating potential revenue stability and growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Life360 has entered into a three-year agreement with Jabil for the production of its Tile and Jiobit products, ensuring continued manufacturing and granting Jabil certain IP rights.
The agreement with Jabil ensures the continued production of Life360's products, which is crucial for maintaining market presence and could lead to stable or increased revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80