Sign up Australia
Proactive Investors - Run By Investors For Investors

Quantify Technology signs a deal with Harvey Norman

The company has developed Internet of Things (IoT) products for buildings.
internet of things drawing
Sales potential of $20 - $30 million per year

Quantify Technology Holdings Ltd (ASX:QFY) has signed an agreement with Harvey Norman Commercial Division (HNCD) to promote and sell its Internet of Things (IoT) products.

These products will be sold into commercial and residential development projects throughout New South Wales and the Australian Capital Territory.

Quantify Technology develops IoT hardware and software that enable the monitoring and management of lighting, power, heating and cooling systems installed in buildings.

Its patented flagship product, the Q Device, provides real-time evaluation of environmental and risk factors for building occupants and efficiently manages services and utilities.

Under the new agreement, Quantify will establish a demonstration facility at HNCD’s showroom at Taren Point in New South Wales.

Harvey Norman (ASX:HVN) is a large Australian retailer of furniture and household appliances and HNCD NSW/ACT is Harvey Norman’s largest franchisee.

It is estimated that in three to five years, sales of Quantify’s products derived from this agreement could potentially reach $20 - $30 million per year.

Quantify and HNCD are currently finalising reseller/distribution agreements and supply contracts with individual developers for specific projects.

The company’s shares closed circa 4% higher on Monday, at $0.082.





Register here to be notified of future QFY Company articles
View full QFY profile View Profile

Quantify Technology Holdings Ltd Timeline

Related Articles

shutterstock_302650592_58dc0a99d5fca.jpg
March 30 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
coins as a bar chart denoting financial growth
August 01 2017
Strong organic growth complemented Tavistock’s buy and build strategy
UUV-Aquabotix_Hybrid-and-Endura-pic-757.jpg
June 19 2017
Brendan Martin talked underwater drone technology and commercialisation.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use