In its current iteration, the IoT universe is plagued by uncertainty and device-fatigue, with a dedicated gateway required for every product a consumer uses.
The lack of a unified solution restricts scalability and adoption of new IoT offerings, as well as cause confusion and unnecessary complexity for consumers.
Quantify Technology’s Fabric Extension fascia allows third-party IoT devices to connect directly to the company’s technology platform.
This innovative technology simplifies connectivity and integration of all devices in a home or building.
Quantify Technology is aiming to partner with other IoT solution vendors and sensor manufacturers to offer this technology platform for the burgeoning IoT market.
The company is evaluating business models and engaging in discussion with various parties to assess opportunities for the monetisation of the platform.
Meanwhile, the company’s Q Device continues to receive interest from customers and was recently included in the electrical specifications for projects in Western Australia and Queensland.
Q Device is a pioneering technology to create intelligent buildings by proactively managing services and utilities to ensure the highest levels of efficiency - for example, maximum energy efficiency.
Earlier this year, WHL Energy re-listed as Quantify Technology Holdings by raising $5 million as part of its reverse takeover of Perth-based Quantify Technology.