Simble Solutions (ASX:SIS) - Founder & Executive Director, Fadi Geha
Founder & Executive Director, Fadi Geha
Source: Stockhead
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  • Simble Solutions (SIS) was up more than 35 per cent today after signing an agreement with the Harvey Norman Commercial Division (HNCD)
  • This agreement will see HNCD promote and sell the SimbleHome App to commercial and residential developments throughout NSW and the ACT
  • The SimbleHome App helps Australian households track and analyse their energy consumption to help identify cost-saving opportunities
  • Users are also able to compare companies across the energy retail market and switch electricity providers just by pushing a button
  • The agreement will initially run for three years, but there is an option to extend for an additional two
  • Simble is up a healthy 32.2 per cent, with shares currently trading for 4.1 cents each

Simble Solutions (SIS) was up more than 35 per cent today after signing an agreement with the Harvey Norman Commercial Division (HNCD).

HNCD is the largest franchisee of Harvey Norman, and it provides a substantial selection of products to builders, developers, designers and architects.

This agreement will see HNCD promote and sell the SimbleHome App to commercial and residential developments throughout NSW and the ACT.

The deal will initially run for three years, but there is an option to extend for an additional two.

Further, Simble will set up a demonstration facility at HNCD’s showroom at Taren Point in NSW and provide training and support to HNCD staff.

“Harvey Norman enjoys a strong market share and a strong customer base supported by an extensive and experienced sales and marketing team,” HNCD’s Principal Alan Stephenson said.

“We see increasing demand from customers for smart energy solutions and this partnership with Simble will allow us to enhance our reputation for supplying and supporting our clients,” he added.

The SimbleHome App allows Australian households to track and analyse their energy consumption, helping them to identify cost and energy-saving opportunities.

Users are also able to compare companies across the energy retail market and switch electricity providers just by pushing a button.

Simble is also working on a buy now, pay later payment plan and expects to launch this addition before the end of the month.

“We are delighted to have further strengthened our distribution capacity and reach through this strategic partnership with Harvey Norman Commercial Division,” Founder and Executive Director Fadi Geha commented.

“Throughout this partnership, we expect a significant increase in our pipeline of residential project customers and we look forward to building on that partnership into the future,” he added.

Simble is up a healthy 32.2 per cent, with shares trading for 4.1 cents each at 11:23 am AEDT.

SIS by the numbers
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