Seems to me that such devices could actually help give kids -more- freedom. Let's not act like kids are outside playing like they were in the 80s/90s. Helicopter parents sort of ruined that (along with neighborhoods no longer being bikeable/walkable.) So, this kinda seems like a device that could give kids a longer leash. Parents can know they are safe/where they are while also giving the kid more freedom to just be a kid.
If true, that's sad, because it just further exposes the irrationality of these sorts of parents. This sort of tracking is not going to save the kid from being kidnapped or getting hit by a car. A little pulsing blue dot on a map does not tell the parent that the kid is safe.