FinFeed: Demand growing for Simble’s bundled energy solutions

Simble Solutions Ltd (ASX:SIS) an Australian software company focused on energy SaaS and Internet of Things (IoT) solutions has been awarded a five year contract to provide energy analytics and control solutions to a leading UK confectionery manufacturer, distributor and retailer (the customer) in partnership with Powercor Limited.

The awarded contract is another significant win as Powercor will commence with the installation of 30 bundles of the Simble Energy Platform, consisting of IoT hardware and software, with the potential to quickly deploy a total of 450 bundles across the customer’s manufacturing sites.

Simble’s technology is offered under a five-year recurring Software-as-a-Service subscription model and in the event of a successful expanded rollout would be considered material to Simble and significantly contribute to the company’s recurring revenue run rate.