Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 49

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 49
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 up to 18 months for greenfield projects. Our average sales cycle
for SIMPPLE Robotics is 3 months from lead qualification to booking. Our revenue model for SIMPPLE Robotics comprises hardware purchases
(one-off capital expense), monthly user-based subscriptions and a one-time professional service fee that includes project management,
platform configuration and training. The Company is also open to a leasing model, where the client requires with their own financing
partner. This model ensures cash flow optimization while minimizing ongoing contractual administration.

3. SIMPPLE Exchange Business Model

The
SIMPPLE Exchange product offerings complement the SIMPPLE Software with hardware peripherals like IoT devices and CCTV cameras, doors
and elevators that work to enable autonomous/semi-autonomous operations within any given facility. Like SIMPPLE Software, SIMPPLE Exchange
target customers are mainly asset owners, facility management companies, as well as service contractors such as environmental services
companies, and security agencies.. System integrators in the technology sector also form part of our client base as they provide fit-for-purpose
client-specific solutions. These aforementioned customer segments account for almost all of SIMPPLE Exchange revenue stream. Facility
management and related contracts typically run from 1 to 5 years depending on the contract owner and the Company’s contract duration
usually run back-to-back with the customer. Contract owners usually start planning for operational continuity 6 to 9 months for brownfield
projects and up to 18 months for greenfield projects. Our average sales cycle for SIMPPLE Exchange is 2 to 4 months from lead qualification
to booking. Our revenue model for SIMPPLE Exchange comprises hardware purchases (one-off capital expense), monthly user-based subscriptions,
connectivity fees, and a one-time professional service fee that includes project management, product configuration and training.

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4. SIMPPLE A. I. Business Model

Representing
the latest technology in the technology stack, SIMPPLE A. I. presents clients a huge opportunity to leverage artificial intelligence capabilities
to streamline and automate workflows to meet operational efficiency and excellence or regulatory compliance to globally acclaimed standards.
The SIMPPLE A. I. technology suite can be further categorized into its individual business segments namely - SIMPPLE Vision, SIMPPLE
Integrate, SIMPPLE Compute and SIMPPLE Evolve. As a whole, SIMPPLE A. I., is anticipated to generate substantial revenue as artificial
intelligence becomes commonplace.

  SIMPPLE Vision – Sales