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Stock impact report

SIMPPLE Ltd. Announces Distribution Partnership with Mode Technology in New Zealand and wins CleanNZ Expo 2024 Service and Technology Award with SIMPPLE Robotics

SIMPPLE LTD. - Ordinary Shares (SPPL) 
Company Research Source: GlobeNewswire
Christchurch, NEW ZEALAND, Nov. 08, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (Nasdaq: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management sector, today announced that its subsidiary, SIMPPLE Australia Pty Ltd, had signed a partnership agreement with New Zealand-based Mode Technology to distribute SIMPPLE Robotics and flagship SIMPPLE Software platform in New Zealand. The partnership is expected to yield another $1.1 million in revenue by end-2024, of which $125,000 has been received to date following the sale of 10 cleaning robots under the SIMPPLE Robotics range. Mode Technology, a leading provider of robotics automation and commercial cleaning equipment, supplies multiple industry sectors including education, healthcare, aviation, commercial and facilities management in New Zealand. "We are thrilled to sign this agreement,” said SIMPPLE chief executive Norman Schroeder. “We believe Mode Technology will enable us to make Show less Read more
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