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SIMPPLE Ltd. Expands Footprint into Thailand with $110,000 Contract and Signs Distribution Partnership with RAAS PAL

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SIMPPLE (SPPL) has expanded into Thailand through a partnership with RAAS PAL Co., for distributing IoT sensors, robotics, and the SIMPPLE Software platform. The company secured its first Thai commercial contract worth $110,000, implementing its technology solutions in three commercial retail buildings in Bangkok. The deployment includes IoT sensors, Gemini robot security head, and SIMPPLE Software. RAAS PAL, a leading service robotics automation provider in Thailand, serves multiple sectors including education, retail, hospitality, healthcare, industrial, and residential markets.

SIMPPLE (SPPL) si è espansa in Thailandia attraverso una partnership con RAAS PAL Co. per la distribuzione di sensori IoT, robotica e della piattaforma software SIMPPLE. L'azienda ha ottenuto il suo primo contratto commerciale thailandese del valore di 110.000 dollari, implementando le sue soluzioni tecnologiche in tre edifici commerciali a Bangkok. L'implementazione include sensori IoT, testa di sicurezza del robot Gemini e software SIMPPLE. RAAS PAL, un importante fornitore di automazione per la robotica di servizi in Thailandia, serve diversi settori tra cui istruzione, vendita al dettaglio, ospitalità, assistenza sanitaria, industriale e residenziale.

SIMPPLE (SPPL) se ha expandido en Tailandia a través de una asociación con RAAS PAL Co. para distribuir sensores IoT, robótica y la plataforma de software SIMPPLE. La empresa aseguró su primer contrato comercial tailandés por un valor de 110,000 dólares, implementando sus soluciones tecnológicas en tres edificios comerciales en Bangkok. El despliegue incluye sensores IoT, cabeza de seguridad del robot Gemini y el software SIMPPLE. RAAS PAL, un proveedor líder de automatización de robótica de servicios en Tailandia, atiende varios sectores, incluyendo educación, comercio minorista, hospitalidad, salud, industrial y residencial.

SIMPPLE (SPPL)RAAS PAL Co.와의 파트너십을 통해 태국에 진출하여 IoT 센서, 로봇 및 SIMPPLE 소프트웨어 플랫폼을 유통하고 있습니다. 이 회사는 방콕의 세 개 상업용 건물에 기술 솔루션을 구현하며 110,000달러의 태국 최초 상업 계약을 체결하였습니다. 배포에는 IoT 센서, 제미니 로봇 보안 헤드 및 SIMPPLE 소프트웨어가 포함됩니다. RAAS PAL은 태국의 선도적인 서비스 로봇 자동화 제공업체로서 교육, 소매, 환대, 의료, 산업 및 주거 시장을 포함한 여러 분야에 서비스를 제공합니다.

SIMPPLE (SPPL) s'est étendue en Thaïlande grâce à un partenariat avec RAAS PAL Co. pour la distribution de capteurs IoT, de robotique et de la plateforme logicielle SIMPPLE. L'entreprise a obtenu son premier contrat commercial en Thaïlande d'une valeur de 110 000 dollars, mettant en œuvre ses solutions technologiques dans trois bâtiments commerciaux à Bangkok. Le déploiement inclut des capteurs IoT, une tête de sécurité robotique Gemini et le logiciel SIMPPLE. RAAS PAL, un fournisseur leader en automatisation de la robotique de services en Thaïlande, dessert plusieurs secteurs, notamment l'éducation, le commerce de détail, l'hôtellerie, la santé, l'industrie et le résidentiel.

SIMPPLE (SPPL) hat sich durch eine Partnerschaft mit RAAS PAL Co. in Thailand erweitert, um IoT-Sensoren, Robotik und die SIMPPLE-Softwareplattform zu vertreiben. Das Unternehmen sicherte sich seinen ersten thailändischen Handelsvertrag im Wert von 110.000 US-Dollar, bei dem seine Technologielösungen in drei Handelsgebäuden in Bangkok implementiert wurden. Die Bereitstellung umfasst IoT-Sensoren, den Sicherheitsroboter Gemini und die SIMPPLE-Software. RAAS PAL ist ein führender Anbieter von Automatisierungslösungen im Bereich Servicerobotik in Thailand und bedient mehrere Sektoren, darunter Bildung, Einzelhandel, Gastgewerbe, Gesundheitswesen, Industrie und Wohnimmobilien.

Positive
  • Secured new $110,000 contract in Thailand
  • Established strategic distribution partnership with RAAS PAL for Thai market expansion
  • Successfully entered new geographic market (Thailand)
Negative
  • None.

Insights

This $110,000 contract and distribution partnership in Thailand represents a strategic but modest expansion for SIMPPLE. While the monetary value is relatively small for a public company, the partnership with RAAS PAL opens up significant market opportunities in Thailand's growing facilities management sector. Key positives include:

  • Entry into Thailand's commercial retail market with deployment across three premium locations
  • Partnership with an established local player in robotics automation
  • Potential for recurring revenue through software platform subscriptions
However, investors should note that meaningful revenue impact will depend on securing additional contracts and successful market penetration. The current deal represents less than 1% of SIMPPLE's market cap, suggesting this is more about strategic positioning than immediate financial impact.

Singapore, Nov. 27, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (Nasdaq: SPPL, “SIMPPLE”, “the Company”), a leading technology provider and innovator in the integrated facilities management sector, today announced that its Singapore subsidiary had signed a partnership agreement with Bangkok-based RAAS PAL Co., Ltd. to distribute Internet-of-Things (IoT) sensors, robotics and the flagship SIMPPLE Software platform across Thailand.

Through this partnership, SIMPPLE secured and deployed its first commercial contract in Thailand, providing IoT sensors, Gemini robot security head, and SIMPPLE Software to three commercial retail buildings located in the heart of Bangkok that blends luxury, fashion, culture, and entertainment. The contract win is valued at $110,000.

RAAS PAL, a leading provider of service robotics automation, supplies multiple industry sectors including education, commercial retail and offices, hospitality, healthcare, industrial and residential in Thailand.

“We are proud to share this major milestone win with SIMPPLE. We are confident the SIMPPLE Ecosystem solution will complement RAAS PAL offerings to better meet our customers’ needs.” RAAS PAL chief executive Sukanya Vanichjakvong highlighted that “this partnership with SIMPPLE brings together best-in-class facility solutions delivering greater value as a holistic technology solution provider to the Thai market.” 

"We are glad to have found a partner like RAAS PAL and sign this agreement,” said SIMPPLE chief executive Norman Schroeder. “RAAS PAL brings together their collective experience in service robotics and end-user requirements, enabling us to make deep inroads in Thailand. This contract win is the first of many. We remain committed to provide RAAS PAL with dedicated resources and believe this momentum will continue and accelerate going forward.”

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  

About RAAS PAL Co., Ltd.

RAAS PAL is Thailand’s leading provider of service robotics and facility management solutions, delivering cutting-edge automation technologies to industries such as healthcare, retail, education, and industrial facilities. With more than 1,600 service robots deployed across the country, RAAS PAL focuses on enhancing operational efficiency and customer satisfaction through innovative and customized solutions.

For more information on RAAS PAL, please visit: https://www.raaspal.com

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 investors and media enquiries, please contact:

SIMPPLE LTD.
Investor Relations Department
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 the value of SIMPPLE's (SPPL) first contract in Thailand?

SIMPPLE's (SPPL) first contract in Thailand is valued at $110,000, covering the deployment of IoT sensors, Gemini robot security head, and SIMPPLE Software in three commercial retail buildings in Bangkok.

Who is SIMPPLE's (SPPL) distribution partner in Thailand?

SIMPPLE (SPPL) has partnered with RAAS PAL Co., , a Bangkok-based leading provider of service robotics automation, to distribute their products and solutions in Thailand.

What products will SIMPPLE (SPPL) distribute through RAAS PAL in Thailand?

Through RAAS PAL, SIMPPLE (SPPL) will distribute IoT sensors, robotics, and their flagship SIMPPLE Software platform across Thailand.

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