Singapore, Jan. 17, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), an advanced technology solution provider in the emerging property-technology (“PropTech”) space, today announced that it has received letters from the Listing Qualification staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company does not meet the minimum stockholders’ equity requirement and annual meeting requirement. As reported in the Company’s Form 6-K dated December 30, 2024, ...

Core Insights - SIMPPLE Ltd. has experienced transformative growth in 2024, focusing on innovative product solutions and international expansion, supported by proprietary systems and A.I.-driven analytics [1][16][19] Human Resource Strategy and Reorganization - The company undertook a strategic review and reshuffle of its leadership team to enhance organizational continuity and retain critical competencies [2][3] Product Development and Commercialization - Significant advancements were made in the robotics division, including the deployment of autonomous cleaning robots and the launch of the multifunctional robot Gemini, which integrates security and cleaning capabilities [4][5] - The global service robotics market is projected to grow at a CAGR of 30.25%, reaching $90.4 billion from 2024 to 2028, driven by advanced technologies and government investments [6] Software and Artificial Intelligence - SIMPPLE is expanding its service offerings to include energy, lighting, and asset management, aiming to reduce environmental impact and operational costs [6][7] - The company has developed the SIMPPLE A.I. platform, enhancing integrated facility operations through advanced analytics and system integration [8][9] Strategic Partnerships and International Expansion - SIMPPLE has established a presence in Australia and expanded into Southeast Asia, with distribution agreements in multiple countries, reflecting a growing global footprint [10] - The company is engaged in partnership discussions in Europe and the USA, aiming to enhance its international reach [10] Diversified Revenue Streams with ESG and Intellectual Property - A joint venture with Evolve Consulting ApS was signed to provide ESG audit and reporting capabilities, addressing the demand for sustainability-focused solutions [11] - The global compliance management software market is expected to grow at a CAGR of 10.9%, from $33.1 billion in 2024 to $75.8 billion by 2031, driven by sustainability and regulatory compliance [12] Office Expansion and Relocation Expected in 2025 - SIMPPLE is seeking a larger office space to support its growth strategy, expected to be completed by Q1 2025, enhancing collaboration and innovation [14][15] Outlook for 2025 - The company is positioned for continued growth with a strengthened leadership team and diversified service offerings, focusing on operational efficiency and innovation [16][18] - SIMPPLE regained compliance with Nasdaq listing requirements in December 2024, reinforcing its financial stability [17]

Singapore, Jan. 06, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (Nasdaq: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management sector, today announced that on December 5, 2024 the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that on December 2, 2024, the Company has regained compliance with Nasdaq Capital Market’s continued listing standard for the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), which re ...

Singapore, Jan. 06, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (NASDAQ:SPPL) ("SIMPPLE" or "the Company"), a leading technology provider and innovator in the facilities management sector, today announced that on December 5, 2024 the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that on December 2, 2024, the Company has regained compliance with Nasdaq Capital Market's continued listing standard for the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), which req ...

SIMPPLE LTD. AND ITS SUBSIDIARIES INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | | Page | | --- | --- | | Financial Statements: | | | Unaudited Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2024 | F-2 | | Unaudited Condensed Consolidated Statements of Income for the Six Months Ended June 30, 2023 and 2024 | F-3 | | Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity for the Six Months Ended June 30, | F-4 | | 2023 and 2024 | | | Unaud ...

Singapore, Nov. 15, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (Nasdaq: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced that the Company has been awarded a $400,000 contract for the supply of autonomous cleaning robotics at one of Singapore’s international airport terminals. This robot tender success comes as part of the airport’s renewal program and complements the existing fleet of autonomous cleaning robots across its ai ...

Core Insights - SIMPPLE Ltd has signed a partnership agreement with Mode Technology to distribute SIMPPLE Robotics and its flagship software platform in New Zealand, aiming to penetrate the local cleaning robotics market [1][3] - The partnership is projected to generate an additional $1.1 million in revenue by the end of 2024, with $125,000 already received from the sale of 10 cleaning robots [2][4] - SIMPPLE Robotics won the Service and Technology Award at CleanNZ Expo 2024, highlighting its innovative solutions in the cleaning and facility management sector [3][4] Company Overview - SIMPPLE Ltd, headquartered in Singapore, specializes in advanced technology solutions for facilities management, focusing on autonomous management tools [5] - The company has established a strong presence in Singapore, serving over 60 clients across public and private sectors, and is expanding into Australia and the Middle East [5] - SIMPPLE has developed the SIMPPLE Ecosystem, which integrates software and hardware solutions, including robotics and IoT devices, for building maintenance and cleaning [5] Mode Technology Overview - Mode Technology is a New Zealand-based company known for its customer-driven innovation in robotic automation and commercial cleaning [6] - The company serves various sectors, including education, healthcare, aviation, and facilities management, emphasizing productivity and cost-efficiency [6] - Mode Technology's agile approach has made it a trusted partner for numerous clients in both public and private sectors [6]

CHRISTCHURCH, New Zealand, Nov. 05, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Australia Pty Ltd, a subsidiary of SIMPPLE Ltd. (NASDAQ: SPPL, “SIMPPLE”, “the Company”) and a leading technology provider in the integrated facility management sector, today announced their joint participation with New Zealand-based robotic automation and commercial cleaning equipment provider, Mode Technology, exhibiting a leading range of Robotic products and flagship SIMPPLE Software platform at the New Zealand Cleaning (CleanNZ) Expo ...

Core Insights - SIMPPLE Ltd. has successfully closed multiple contracts and strategic partnerships in Australia and New Zealand, marking a significant expansion into these markets [1][4] - The total projected revenue from the four contracts is approximately $2.35 million, indicating a strong financial outlook for the company in the region [2] - The company aims to leverage its unique position as the only supplier of end-to-end facilities management solutions in ANZ, integrating various technologies into a single platform [4][5] Company Developments - The new leadership team at SIMPPLE Australia Pty Ltd, established in Brisbane, is driving the closing of these contracts and partnerships [3] - Key appointments include Aloysius Chong as Director of Brand and Product Strategy, James Yatras as Head of Australia and New Zealand, and Greg Crisp as Regional Sales Director [3] - The company has received recognition for its AI spot cleaning robots, winning the Excellence Award for Innovation at the ISSA Cleaning & Hygiene Expo [5] Market Insights - The Australia facility management market was valued at $37.37 billion in 2023 and is projected to grow at a CAGR of 4.5%, reaching $56.93 billion by 2032 [6] - Facilities management markets in Australia and New Zealand are expected to grow at CAGRs of 8.1% and 2.5%, respectively, from 2024 through 2029 [7] - Growth in Australia is driven by the adoption of integrated FM services and newer technologies, while New Zealand's growth is spurred by energy conservation awareness [7]

Company Overview - SIMPPLE Australia Pty Ltd, a subsidiary of SIMPPLE Ltd. (NASDAQ: SPPL), is recognized as a leading technology provider in the integrated facility management sector [1][7] - The company has developed the proprietary SIMPPLE Ecosystem, which includes automated workforce management tools for building maintenance, surveillance, and cleaning, utilizing a mix of software and hardware solutions such as robotics and IoT devices [7] Industry Recognition - SIMPPLE Australia Pty Ltd won the ISSA Excellence Award (Innovation) for Large Equipment at the ISSA Cleaning & Hygiene Expo 2024 in Sydney, Australia, highlighting its innovative contributions to the cleaning industry [1][2] - The award recognizes the most innovative and high-quality cleaning and facility solutions products and services [2] Product Innovation - The company introduced a new range of A.I. spot cleaning robots, named CenoBots, which are central to its mission of innovation and tailored solutions for the market [3] - The integration of automated A.I. cleaning robots with comprehensive end-to-end solutions, including workforce management and IoT technology, is essential for addressing the evolving challenges in the cleaning industry [5] Industry Challenges - The cleaning industry is currently facing significant changes due to increased demands for higher safety and hygiene standards, alongside persistent labor shortages and rising cost pressures [4] - Proven technology solutions are crucial for enhancing operational efficiency and profitability while ensuring elevated and verifiable cleaning standards [5]