Simble Solutions Limited announced a significant sales contract and strategic partnership with UK based utility broker UCR Consultants (UCR). UCR specialises in utility cost reduction for business and private customers and manages over 40,000 customer accounts and in excess of 60,000 meters across the UK. Under the terms of the three-year agreement, UCR will deploy "SimbleSense Lite" to a minimum of 10,000 meters over the contract term with the potential to expand to up to 60,000 meters. Each customer has an average of approximately 1.5 meters per site. The minimum contracted SaaS revenues of this deal amount to approximately A$680,000 over the contract term and will increase to A$3.9 million if the internal target is achieved. SaaS revenues will be recognised on a pro rata basis over the underlying user's contract life. Furthermore, UCR and Simble will proactively assess future monetisation opportunities and Simble anticipates additional SaaS revenues from upsells and deployment phases, which will be contracted separately.