9Finance: Simble Solutions receives first order

Simble Solutions (ASX: SIS), an Australian software company focused on energy management and mobility solutions, has received its first material purchase order for its Australian energy platform.

The sale is for $500,000 prepaid in advance and a three-year subscription model.

The sales represent stocking orders by the company’s partners to cover expected sales ahead of delivery and installation to their customer base.

The Simble Energy platform will be sold as a bundled software and hardware solution and the weighted average subscription term associated with these orders is three years.

Chief executive Fadi Geha said, “Fulfilling this partner demand has potential to more than double our current installed customer base, and we are very pleased that over 10 percent of the total order has already been scheduled for installation prior to sales and marketing activities.”