Simble Solutions opens up new markets through Cognian partnership
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
In a commercially significant development, smart energy Software-as-a-Service (SaaS) company Simble Solutions Limited (ASX:SIS) has entered into a teaming agreement with smart building enabler Cognian Technologies Ltd (Cognian).
The agreement will allow Cognian and Simble to promote the SimbleSense platform as its default energy measurement and verification platform for all smart buildings in which the Syncromesh wireless smart building canopy is deployed.
Syncromesh is a wireless smart building canopy that is able to turn every building into a smart building with the management of costs, carbon emissions, safety and well-being, as well as tenant health and hygiene, at its core.
The Simble Energy Platform or ‘SimbleSense’ is an integrated hardware and real-time software solution that enables businesses to visualise, control and monetise their energy systems.
Simble’s Software as a Service (SaaS) platform has IoT capabilities and empowers enterprises and consumers to remotely automate energy savings opportunities to reduce their energy bill.
Through the deployment of the Syncromesh wireless smart building canopy, Simble will be able to access new projects in the commercial, retail, and health sectors where clients are looking for turnkey solutions for connected lighting coupled with energy savings opportunities.
Simble and Cognian will also partner on new projects targeting retrofit buildings as well as new developments.
Remote, seamless control of all systems with analytical reporting
With many businesses focused on driving down energy usage to minimise costs and their carbon footprints, SimbleSense provides insights into how energy is utilised and where Syncromesh can be deployed for more efficient monitoring and optimised control of a building’s lighting system.
Once Syncromesh is deployed, SimbleSense provides the potential for significant savings across lighting and broader energy assets as part of a smart building programme.
The unified data connectivity platform provides building owners, managers, and tenants with the ability to remotely and seamlessly control a range of features including access, comfort, occupant capacity and other smart building capabilities, such as hygiene monitoring, reporting and analysis which is critical as the post-lockdown return to office buildings begins.
Commenting on the significance of the Cognian partnership agreement, Simble founder and executive director Fadi Geha said, “We are delighted to partner with Cognian to expand our presence in the smart and connected lighting sector.
"We have already demonstrated the benefits of our combined capability and we look forward to working together to further expand our leading offering into the Australian market.”
Cognian chief executive Mark Blum echoed Geha’s confidence in saying, "Through the alignment of Simble’s real-time measurement and verification platform and the Syncromesh Smart Canopy as a Service (SCaaS) solution, clients are able to identify, implement and quantify energy-saving programmes.
"Leveraging Syncromesh as their smart building’s central nervous system, owners, managers and tenants can expand these capabilities into areas such as air comfort and quality, emissions, capacity monitoring, cleanliness and hygiene.
"This creates a competitive advantage for owners in a changing market.”
Commercial developments and new technology drive shares higher
It is worth noting that this news comes on the back of some important developments in November as the company negotiated a reseller agreement with Harvey Norman Commercial Division (HNCD), Harvey Norman’s largest franchisee.
Just a fortnight ago, Simble also launched an upgraded version of its state-of-the-art SimbleHome app which potentially enables Australia’s more than eight million households to easily analyse and track their energy consumption, identifying opportunities for cost and energy savings.
The App can also incorporate solar generation information and integrate with non-energy related sensors such as humidity and temperature sensors.
Importantly, it can connect with third party energy IoT devices and is available for Australian residential customers.
The upgraded SimbleHome App can be bundled with a fully installed energy IoT device and offers the increasingly sought after convenience of a buy now, pay later option under an instalment plan provided by Splitit (ASX:SPT).
These developments resulted in the company’s shares increasing 25% in the first three weeks of November, and they are now trading close to last month’s high of 3.6 cents.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
