iWallet Corporation Unveils iClutch: A Smart Wallet Designed for the Modern Woman
Rhea-AI Summary
iWallet Corporation (OTC PINK:IWAL) has announced iClutch, a smart wallet specifically designed for women, featuring biometric fingerprint locking, RFID protection, and Bluetooth GPS tracking. The product combines titanium construction with premium leather and includes a vanity mirror in its clutch-style design.
The company aims to address a significant market gap, as the smart wallet market is projected to reach $550 million by 2033 with a 6.9% CAGR, while the broader physical wallets market is expected to grow from $24.50 billion in 2024 to $42.0 billion by 2033. Currently, men dominate the consumer base at 65.4%. The Smart Personal Safety and Security Device Market is forecasted to expand from $41.03 billion in 2024 to $74.83 billion by 2032.
iWallet has adjusted its development timeline, with final prototypes for iWallet 2.0, iPassport, and iClutch scheduled for completion by end of June 2025.
Positive
- Targeting an underserved market segment in the growing smart wallet industry
- Product addresses the $550 million smart wallet market opportunity by 2033
- Part of a comprehensive product portfolio including iWallet 2.0 and iPassport
- Synchronized product development timeline for coordinated market entry
Negative
- Delayed product timeline with prototypes not ready until June 2025
- Entering a competitive market dominated by established players
- No revenue projections or pricing details provided
News Market Reaction
On the day this news was published, IWAL declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
RENO, NV / ACCESS Newswire / May 28, 2025 / iWallet Corporation (OTC PINK:IWAL), a company developing secure personal accessories, today announced the upcoming release of its third product, iClutch. This new smart wallet is specifically designed for women, merging sophisticated aesthetics with the advanced security features found in the company's popular iWallet 2.0 and iPassport devices.
The iClutch integrates biometric fingerprint locking, RFID protection, and Bluetooth-enabled GPS tracking to offer a comprehensive security solution. Crafted with durable titanium materials, consistent with its predecessors, the iClutch also features a premium leather insert and a discreet vanity mirror. Its sleek, clutch-style design is tailored for everyday use, reflecting a deep understanding of how women carry and organize their essentials.
Unlike many smart wallets that are simply repurposed designs, iClutch was developed from the ground up to address the distinct preferences and needs of women, providing genuine utility without compromise.
Addressing a Market Gap: Smart Wallets for Women
The smart wallet market is on a path of significant expansion, forecast to hit US
Further highlighting this disparity, the global Smart Personal Safety and Security Device Market, poised for growth from USD 41.03 billion in 2024 to USD 74.83 billion by 2032, is fueled by rising safety concerns and the need for protective accessories. Despite this trend, the majority of smart wallet offerings continue to cater to men, leaving women without suitable options in terms of both design and utility. To address this, Steven Cabouli, CEO of iWallet Corporation, states, "The iClutch is our answer to this gap, aiming to deliver a product that truly brings together style, convenience, and reliable security, built with women in mind".
Coordinated Product Rollout and Timeline Update
To ensure consistent quality and strategic market entry across its portfolio, iWallet Corporation has adjusted its development schedule. Final prototypes for iWallet 2.0, iPassport, and iClutch are now expected to be completed by the end of June 2025. This synchronized timeline will facilitate unified testing, refinement, and a cohesive product launch, bringing the full suite of offerings to market together.
About iWallet Corporation
iWallet Corporation (IWAL) develops secure personal accessories that integrate design with technology. The company focuses on creating products that offer protection and functionality for consumers' everyday security needs within a mobile lifestyle.
Forward-Looking Statements
This press release contains forward-looking statements, including anticipated product development timelines, expected feature sets, target market strategies, and overall business positioning. These statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, including but not limited to changes in market demand, manufacturing timelines, and technological integration. Actual results could differ materially. iWallet Corporation undertakes no obligation to publicly update or revise these statements, except as required by applicable law.
Contact Information
Steven Cabouli
CEO
info@iwal.tech
(858) 610-2958
iwal.tech
Market Research Sources:
[1] Dataintelo. (n.d.). Smart Wallet Market Report | Global Forecast From 2025 To 2033. Retrieved from https://dataintelo.com/report/global-smart-wallet-market
[2] Fact.MR. (n.d.). Smart-Connected Wallets Market Size, Growth Report to 2033. Retrieved from https://www.factmr.com/report/smart-connected-wallets-market
[3] IMARC Group. (n.d.). Belts And Wallets Market Size, Share, Trends Report, 2033. Retrieved from https://www.imarcgroup.com/belts-wallets-market
[4] Credence Research. (n.d.). Smart Personal Safety and Security Device Market Size and Forecast 2032. Retrieved from https://www.credenceresearch.com/report/smart-personal-safety-and-security-device-market
SOURCE: iWallet Corp.
View the original press release on ACCESS Newswire
FAQ
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