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- Software company Simble Solutions (SIS) has signed a three-year agreement with the Feilo Sylvania International Group
- This agreement will see Simble’s SimbleSense Platform be incorporated into Sylvania’s lighting projects in commercial and industrial enterprises
- SimbleSense helps track energy usage and save costs when it comes to paying bills
- Sales and marketing initiatives will begin in Q1 2020 with a formal market launch at the Light and Building Trade Show in Germany
- Simble’s share price has jumped 25 per cent today with shares currently trading for 1.5 cents apiece
Software company Simble Solutions (SIS) has signed a three-year agreement with the Feilo Sylvania International Group.
The agreement will see Simble’s SimbleSense Platform be incorporated into Sylvania’s lighting projects to Commercial and Industrial, and small and medium-sized enterprises.
Initial customers will be in the U.K., France, Germany, Spain and Italy.
This agreement follows a Letter of Intent that was signed in December 2019 after the successful conclusion of product evaluation and detailed commercial discussions.
Sylvania chose Simble as a provider of energy intelligence to be incorporated as a standard addition to its commercial lighting and energy efficiency projects.
The SimbleSense energy analytics will be offered as a white-label solution to measure and verify energy savings and provide advanced analytics in real-time throughout the cloud.
“We are excited to partner with Simble and bundle their innovative solutions into our world-class lighting projects and demonstrate the financial and environmental benefits to our customers,” Sylvania Lighting Global Strategic Development Director Nick Clark commented.
“Simble’s cloud-based energy intelligence platform will allow our customers to understand their energy data in real-time, thus brining energy savings to life,” he added.
SimbleSense is an integrated hardware and real-time software solution that enables businesses to visualise, control and monetise their energy systems.
It helps track energy usage and save costs when it comes to paying bills.
Sales and marketing initiatives will begin in Q1 2020 with a major launch on March 8, 2020 at Light + Building trade show in Frankfurt.
The partnership with Sylvania represents a major growth opportunity for Simble with each installation delivering the company a combination of recurring software-as-a-service revenues and one-off energy metre hardware revenue.
“The strategic partnership with Sylvania is a key milestone in Simble’s evolution and further validates our value proposition as a leader in the provision of energy intelligence to the lighting industry,” Simble CEO Ronen Ghosh said.
“Sylvania is expected to play a transformational role in helping us build a scalable sales ecosystem across Europe and we look forward to helping Sylvania’s customers to reduce their environmental footprint and realise energy savings,” he added.
Simble’s share price has jumped 25 per cent today with shares currently trading for 1.5 cents apiece at 1:42 pm AEDT.
