The future is bright as UK demand for LED lighting bundle soars
UK sales exceed guidance as new blue chip customers accelerate demand
Highlights:
- UK sales are exceeding guidance following launch of Simble Energy Platform in LED bundling arrangement alongside one of the world’s largest lighting manufacturers
- Installations at Ferrero Rocher, Roehampton University and Richmond Borough Council validate demand for the Simble Energy Platform ahead of a broader rollout to the SME sector
- Cumulative orders for the Simble Energy Platform now total $660,000 across Australia and the UK, strengthening Simble’s recurring revenue base and affirming its position as the fastest growing energy management software company on the ASX
- Early success of the Powercor channel partnership has galvanised interest from UK utilities industry participants and partnership discussions are at advanced stages
Simble Solutions Limited (Simble or the Company), an Australian software company focused on energy management and mobility solutions, is pleased to announce that sales of the Simble Energy Platform in the UK are exceeding guidance.
Simble’s recently announced channel partner, Powercor Limited (Powercor), is delivering more than 20 customer sites per month via a technology bundling arrangement alongside one of the world’s largest lighting manufacturers.
Chris Wright, Technical Director of Powercor commented, “By white labelling Simble’s software, we are able to validate the benefits of new IoT technologies and develop recurring customer relationships. Our LED lighting bundle is witnessing significant demand and our sales pipeline continues to grow”.
Following this early success of the Powercor channel partnership, cumulative orders for the Simble Energy Platform now total $660,000 across Australia and the UK. To drive further commercialisation, the Company has accelerated discussions with UK utilities industry participants surrounding potential partnerships targeting the broader UK SME sector. Whilst there is no guarantee these discussions will evolve into definitive agreements, Simble will keep the market updated if and when this does occur.
Commenting on the outlook, Simble CEO, Fadi Geha said, “Our recent expansion into the UK is delivering results and we are rapidly growing users on our IoT platform. Together with Powercor and other channel partners, we look forward to empowering more UK businesses to take control of their energy consumption via our disruptive IOT technology”.