Combining GPS, WiFi and GSM technologies, the Filip also gives parents the precise location of their child at any given time.

Filip, a simple wristworn GPS-tracker for kids to call home, is priced at $199 along with a $10 monthly service plan. Launch date is set for November 22.

Debuted at this year's CES in Las Vegas, the Filip looks just like a watch but is actually a GPS tracker and limited-use smartphone geared for parents with young children. It can be programmed with up to five different phone numbers that a child can call by pressing a single button and it can also be configured, via a smartphone app, to receive incoming calls and text messages from a list of parental-approved contacts.

Combining GPS, WiFi and GSM technologies, the Filip also gives parents the precise location of their child at any given time. Available in a range of colors, it is also water-resistant. Although some parents may find the idea of essentially tagging their children more than a little uncomfortable, the device does offer a valid alternative to giving a child, particularly one younger than 12, their own mobile phone -- a decision that comes with its own potential concerns such as cyber bullying, unsolicited approaches or, more commonly, huge monthly bills.