Next Investors logo grey

Simble wins UK government grant for analytics app


Published 14-JAN-2019 10:27 A.M.


2 minute read

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

Simble Solutions (ASX:SIS), along with Cambridge Architectural Research Limited, has been awarded a £383,000 (A$680,000) UK government grant from the Department for Business, Energy & Industrial Strategy (BEIS) as part of a funding scheme to support energy efficiency projects in UK homes.

The UK Government funding will be received as part of the Smart Meter Enabled Thermal Efficiency Ratings (SMETER) Innovation Programme.

The program aims to develop, test and demonstrate technologies that measure the thermal performance of homes using smart meter and other data.

Working closely as partners on the project, the two companies were chosen to provide an innovative solution that helps consumers, energy suppliers and policy-makers to save energy, reduce bills and carbon emissions by providing a better understanding of the energy efficiency of homes.

The funding will be used to advance SIS’s Virtual Analytics App and its powerful Big Data infrastructure to meet the objectives of the UK government’s program.

The ASX small cap’s Virtual Analytics is a disruptive energy platform that ingests smart meter data from the Data Communications Company (DCC) and runs advanced algorithms in the cloud to offer smart analytics to the end-user.

“Being recognised by the UK Government as a leader in innovation is a great honour and a strong validation of our IP,” SIS CEO, Fadi Geha, said of the newly awarded contract.

“We look forward to working alongside Cambridge Architectural Research to help the UK Government achieve its Clean Growth Strategy objective to grow the economy while reducing greenhouse gas emissions to which it has committed to invest around £3.6 billion.

“Using our innovative technology solutions, we enable UK households to be more energy efficient and reduce costs.”

“This is a really exciting project that has the potential to revolutionise work aimed at cutting carbon emissions from homes,” Jason Palmer, director at Cambridge Architectural Research, said.

“CAR has been working with the UK Government to improve energy efficiency in homes for more than ten years, and Simble has complementary skills that align very closely to making the most of smart-meter data.”

In November, SIS launched its disruptive Virtual Analytics app into the UK residential market. The app was presented at Utiligroup’s Innovation Showcase alongside the European Utility Week 2018 in Vienna, Austria.

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.