FinFeed: New agreement lights up Simble’s European expansion

Australian software company Simble Solutions Limited (ASX:SIS) has signed a three-year agreement with Feilo Sylvania International Group Ltd (Sylvania Lighting) to incorporate the SimbleSense Platform into commercial and industrial (C&I) lighting projects.

Sylvania Lighting will commence using the SimbleSense Platform in the UK, France Germany, Spain and Italy in a bid to add value to its C&I clients as well as its small and medium-sized enterprise (SME) customers.

The agreement follows a Letter of Intent (LOI) signed in December 2019, after successful conclusion of product evaluation and detailed commercial discussions.

Sylvania Lighting chose Simble for expertise in energy intelligence and IoT solutions, leading to the SimbleSense Platform being incorporated as a standard addition to Sylvania Lighting’s commercial lighting and energy efficiency projects.

Nick Clark, Global Strategic Development Director at Sylvania Lighting Europe said of the agreement, “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. We have a rich history of delivering innovation and Simble’s cloud-based energy Intelligence platform will allow our customers to understand their energy data in real-time, thus bringing energy savings to life.”