SIMPPLE Ltd. announces completion of product trials and expects to commercialize its next-generation Autonomic Intelligence Engine across multiple sectors in the coming months
SIMPPLE (NASDAQ: SPPL) has completed product trials of its next-generation Autonomic Intelligence Engine (A.I.E.), branded as SIMPPLE A.I. The technology enables automated facility management decisions and task assignments without human intervention. Developed through a Singapore government grant, the system was successfully tested across three commercial retail buildings, featuring workflow automation, building cost estimation, and workforce optimization capabilities. The company has secured patents in Singapore, Hong Kong, Australia, and the U.S. Following strong interest in Singapore, SIMPPLE plans to expand into international markets, targeting a global facility management market projected to grow from $1.3 trillion to $2.3 trillion by 2032.
SIMPPLE (NASDAQ: SPPL) ha completato le prove del prodotto della sua Motore di Intelligenza Autonomo (A.I.E.), marchiato come SIMPPLE A.I. La tecnologia consente decisioni automatizzate di gestione degli impianti e assegnazioni di compiti senza intervento umano. Sviluppato grazie a un finanziamento del governo di Singapore, il sistema è stato testato con successo in tre edifici commerciali al dettaglio, con capacità di automazione del flusso di lavoro, stima dei costi degli edifici e ottimizzazione della forza lavoro. L'azienda ha ottenuto brevetti a Singapore, Hong Kong, Australia e negli Stati Uniti. Dopo un forte interesse a Singapore, SIMPPLE prevede di espandersi nei mercati internazionali, puntando a un mercato globale della gestione degli impianti che si prevede crescerà da 1,3 trilioni a 2,3 trilioni di dollari entro il 2032.
SIMPPLE (NASDAQ: SPPL) ha completado las pruebas de producto de su Motor de Inteligencia Autonómica (A.I.E.), comercializado como SIMPPLE A.I. La tecnología permite decisiones automáticas de gestión de instalaciones y asignaciones de tareas sin intervención humana. Desarrollado a través de una subvención del gobierno de Singapur, el sistema fue probado con éxito en tres edificios comerciales minoristas, con capacidades de automatización de flujo de trabajo, estimación de costos de construcción y optimización de la fuerza laboral. La empresa ha asegurado patentes en Singapur, Hong Kong, Australia y Estados Unidos. Tras un gran interés en Singapur, SIMPPLE planea expandirse a mercados internacionales, apuntando a un mercado mundial de gestión de instalaciones que se proyecta crecer de 1,3 billones a 2,3 billones de dólares para 2032.
SIMPPLE (NASDAQ: SPPL)은 차세대 자율 지능 엔진(A.I.E.)의 제품 시험을 완료했으며, 이를 SIMPPLE A.I.라는 브랜드로 출시하였습니다. 이 기술은 인간의 개입 없이 자동화된 시설 관리 결정 및 작업 할당을 가능하게 합니다. 싱가포르 정부의 보조금으로 개발된 이 시스템은 세 개의 상업 소매 건물에서 성공적으로 시험되었으며, 작업 흐름 자동화, 건물 비용 추정 및 인력 최적화 기능이 포함되어 있습니다. 이 회사는 싱가포르, 홍콩, 호주 및 미국에서 특허를 확보하였습니다. 싱가포르에서의 강한 관심에 따라 SIMPPLE은 국제 시장으로 확장할 계획이며, 2032년까지 1.3조 달러에서 2.3조 달러로 성장할 것으로 예상되는 글로벌 시설 관리 시장을 목표로 하고 있습니다.
SIMPPLE (NASDAQ: SPPL) a achevé les essais de produit de son Moteur d'Intelligence Autonome (A.I.E.), commercialisé sous le nom de SIMPPLE A.I. La technologie permet de prendre des décisions automatiques en gestion des installations et d'assigner des tâches sans intervention humaine. Développé grâce à une subvention du gouvernement de Singapour, le système a été testé avec succès dans trois bâtiments commerciaux de détail, offrant des capacités d'automatisation des flux de travail, d'estimation des coûts des bâtiments et d'optimisation de la main-d'œuvre. L'entreprise a obtenu des brevets à Singapour, Hong Kong, en Australie et aux États-Unis. Suite à un fort intérêt à Singapour, SIMPPLE prévoit de s'étendre sur les marchés internationaux, visant un marché mondial de la gestion des installations qui devrait passer de 1,3 trillion de dollars à 2,3 trillions de dollars d'ici 2032.
SIMPPLE (NASDAQ: SPPL) hat die Produktprüfungen seines Autonomen Intelligenzsystems (A.I.E.) abgeschlossen, das unter dem Namen SIMPPLE A.I. geführt wird. Die Technologie ermöglicht automatisierte Entscheidungen im Facility Management und Aufgabenverteilungen ohne menschliches Eingreifen. Das System wurde mit Hilfe eines Förderprogramms der Regierung von Singapur entwickelt und erfolgreich in drei gewerblichen Einzelhandelsgebäuden getestet, wobei es über Automatisierung von Arbeitsabläufen, Kostenschätzungen für Gebäude und Optimierung der Arbeitskräfte verfügt. Das Unternehmen hat Patente in Singapur, Hongkong, Australien und den USA gesichert. Nach großem Interesse in Singapur plant SIMPPLE, in internationale Märkte zu expandieren und zielt auf einen globalen Markt für Facility Management, der voraussichtlich von 1,3 Billionen auf 2,3 Billionen US-Dollar bis 2032 wachsen wird.
- Successfully completed development and trials of new AI technology
- Secured patents in multiple key markets (Singapore, Hong Kong, Australia, US)
- Received government funding and support in Singapore
- Operating in a market projected to grow from $1.3T to $2.3T by 2032
- Strong interest reported from several industry sectors
- None.
Insights
The successful completion of SIMPPLE's A.I.E. trials marks a significant technological breakthrough in facility management automation. The system's ability to integrate computer vision analytics with robotic asset management and make autonomous decisions represents a major competitive advantage in the
The technology's key differentiators include:
- Real-time CCTV integration with AI decision-making
- Cross-platform robot integration capabilities
- Automated resource allocation and deployment
The successful development of SIMPPLE A.I. comes at a strategic time when the industry faces critical challenges in labor shortages and system integration. Government backing through innovation grants and inclusion in Singapore's industry development plan provides strong validation and potential for public sector contracts.
The addressable market is substantial, with the CAFM segment alone projected to reach
Singapore, Nov. 19, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management sector, today announced it had successfully developed, mobilized, and completed product trials on the Company’s next-generation Autonomic intelligence Engine, or A.I.E. Branded as SIMPPLE A.I., it is the ‘brain’ behind SIMPPLE Software, the Company’s flagship software platform, that enables a building or facility to make active decisions and deployments on its own to assign tasks to workers or robotic assets without human intervention.
Specially selected and funded through a six-figure innovation grant by Singapore government agencies in 2022, SIMPPLE worked with two large real estate developers in Singapore to develop and deploy (1) a workflow automation engine that leverages computer vision analytics and integration capabilities across different brands of robots, (2) a building calculator to estimate the cost of facility maintenance and contracts, and (3) a workforce calculator with optimization capabilities to better manage staff attendance and efficiency. These technologies were tested across three different commercial retail buildings and both the building owner and building service contractors collectively achieved greater accountability of operations, and measurably improved workforce and cost efficiency.
SIMPPLE A.I. technology aims to revolutionize facility workflow through automation, allowing facility managers to focus on value-added tasks instead of mundane or repetitive task assignments. For instance, trash or spillage can be detected through existing CCTV cameras embedded with SIMPPLE’s computer vision models. SIMPPLE A.I. correlates the gathered information and quickly decides which resource – be it a worker or robot – is located closer to the affected area and automatically deploys that resource to perform the needed cleaning, all without human invention. This ensures that the facility is kept clean and safe for occupants while minimizing the risk of accidents within the given space.
"We are excited to complete the development of this groundbreaking technology after almost two years,” said SIMPPLE chief executive officer Norman Schroeder. “Utilizing SIMPPLE A.I.’s plethora of vision and integration capabilities, asset owners and facility management companies can now further optimize workforce efficiency, manage public liabilities and risks, reduce insurance and replacement costs, and increase accountability and consistency of work done.”
Following a successful showcase of SIMPPLE A.I. technology at a Singapore trade show earlier this year, the Singapore government agency overseeing the built environment sector included emerging technologies such as Artificial Intelligence (A.I.)-enabled solutions in its refreshed industry development plan, highlighting significant potential for SIMPPLE A.I. deployments across Singapore. The Company was also awarded a patent in Singapore for the novel SIMPPLE A.I. process and had already registered its patent in Hong Kong, Australia, and the U.S.
“For many years, facility owners and managers are faced with a global human talent shortage coupled with rising labor wages,” added Mr. Schroeder. “At the same time, they have been under pressure to integrate multiple task-specific technologies into their operations while managing multiple disparate systems to track performance and service delivery. With SIMPPLE A.I., we are already receiving “strong interest” from several industry sectors in Singapore, and expect immense potential for this technology to scale up into multiple overseas markets including Australia and the U.S.”
As part of the internationalisation efforts into the U.S., Norman will be attending a premier international event for the cleaning community – International Sanitary Supply Association (ISSA) Show North America 2024, to present SIMPPLE’s groundbreaking technologies to key stakeholders in the U.S. healthcare sector. The ISSA Show runs from November 19 to 21 at the Mandalay Bay Convention Centre in Las Vegas.
According to an October 2024 report by Fortune Business Insights, the global facility management market is projected to grow at a CAGR of
About SIMPPLE LTD.
Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things ("IoT") devices.
For more information on SIMPPLE, please visit: https://www.simpple.ai
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
For investor and media queries, please contact:
SIMPPLE LTD.
Investor Relations Department
Website: https://www.investor.simpple.ai/
Email: ir@simpple.ai
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Tel: (646) 893-5835
Email: info@skylineccg.com
FAQ
What is SIMPPLE's (SPPL) new Autonomic Intelligence Engine?
Where has SIMPPLE (SPPL) secured patents for its AI technology?
What is the projected market size for facility management by 2032?
How many commercial buildings was SIMPPLE's (SPPL) AI technology tested in?
