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SIMPPLE and LionsBot Sign MOU for Global FM Tech Acceleration

Updated: Jan 25


SIMPPLE x LionsBot signing Memorandum of Understanding (MOU)

LAS VEGAS, NV and SINGAPORE – NOVEMBER 16, 2023 – IFSC Pte Ltd, a subsidiary of SIMPPLE Ltd. (NASDAQ: SPPL, “SIMPPLE”, “the Company”) and LionsBot International (“LionsBot”) are pleased to announce the signing of a Memorandum of Understanding (MOU) of a strategic partnership, to promote mutual development, paving the way for both sides to work closely together in expanding SIMPPLE Ecosystem offerings in geographies beyond the Singapore market.

Under the MOU, IFSC (SIMPPLE) and LionsBot will work together to make cleaning operations easier and more efficient by integrating robotic solutions from LionsBot with SIMPPLE Ecosystem. Through SIMPPLE, data from LionsBot robots will be made available to end-users through an insightful dashboard. In the future, SIMPPLE’s flagship patented Autonomic Intelligence Engine – SIMPPLE AI – will be able to activate LionsBot robots autonomously to support facility management operations, thereby optimising the cleaning process and save cost for businesses. This MOU also allows the parties to negotiate the terms and conditions of a definitive agreement for LionsBot to distribute SIMPPLE products in geographies where LionsBot are in.


"We are incredibly excited about our collaboration with LionsBot at the ISSA North America Show 2023," said Aloysius Chong, CEO of SIMPPLE. "Together, we are set to reshape the facilities management industry. This collaboration reinforces SIMPPLE as an ecosystem middleware that brings IoT, robotics, and the workforce all on a single unified platform to enable smart building operations."


“Partnering with SIMPPLE marks a groundbreaking chapter for LionsBot as we synergise our state-of-the-art robotics with their innovative software systems,” said Dylan Ng, CEO of LionsBot. He further added “As two Singapore-based innovators, this partnership goes beyond mere collaboration; it is a powerful union of homegrown talents and technologies. We are thrilled at the prospect of what our combined efforts can achieve for the cleaning industry. “


The signing of the memorandum happened at the ISSA North America Show on 14 November 2023 (Pacific Standard Time), a premier event for the cleaning industry, which brings together professionals and companies from around the world to showcase the latest innovations and breakthroughs in cleaning technology. The MOU is not expected to have a material impact on the earnings per share of SIMPPLE LTD. for the financial year ending December 31, 2023.


For analysts’ and media queries, please contact:

SIMPPLE LTD.

Alexus Goh, Head of Corporate Development, Partnerships and Government Relations

BLOCK71 Ayer Rajah Crescent #03-07

Singapore 139951

Office: (+65) 6816 2194


Visit the Investor Relation Website: https://www.investor.simpple.ai/


About SIMPPLE

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 comprising 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 LionsBot International

Founded in 2018, LionsBot is a Singapore-headquartered smart robotics company providing deep technology solutions to the commercial cleaning industry. LionsBot has created a range of autonomous floor-cleaning machines designed and built in Singapore and equipped with LionsOS, its proprietary cloud operating system. The company and its products were awarded the prestigious Interclean Amsterdam Innovation Award 2020, European Cleaning & Hygiene Award 2023, IF Design Award 2023, Red Dot Award 2022, Singapore Good Design 2022/23, and Forbes Asia 100 To Watch. Today, LionsBot has over 2,400 robots in more than 30 countries across Europe, the US and Asia, with subsidiaries in India, the US and the Netherlands. For more information on LionsBot, please visit: https://www.lionsbot.com


Safe Harbor Statement This press release may contain 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.


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