Quantify Technology Holdings Ltd (ASX:QFY) has a unique business model as a developer of hardware and software devices that enable the monitoring and management of the next generation of internet- enabled devices such as 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.
To continue with the next steps in development, the company is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Wednesday 22nd November 2017, or earlier if an announcement is made to the market.