Quantify in deal with Harvey Norman

02/10/2017 - 14:34

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Perth company Quantify Technology Holdings says it has the potential to reap up to $30 million in sales a year through a new agreement with retailer Harvey Norman.

Quantify chairman Aidan Montague (left) with director of operations Paul Knight and chief executive Mark Lapins.

Perth company Quantify Technology Holdings says it has the potential to reap up to $30 million in sales a year through a new agreement with retailer Harvey Norman.

Quantify said today it had reached an agreement with Harvey Norman Commercial Division for the promotion and sale of its products into commercial and residential development projects in NSW and the ACT.

HNCD provides a selection of brand-name products to builders, developers, architects and designers.

Under the agreement, HNCD will promote its Q Device product, which provides real-time environmental and risk factors for building occupants while also managing services and utilities to create ‘intelligent buildings’.

Quantify will establish a demonstration facility at HNCD’s showroom in NSW and provide training and engineering support to the division’s personnel.

Quantify, which listed on the ASX in March after completing a reverse takeover of WHL Energy, said the agreement could fetch it up to $30 million in annual sales by the fifth year under the agreement.

“The agreement will significantly accelerate Quantify’s commercialisation program and gives the company exposure to HNCD’s large network of customers, consultants, architects, designers and contractors throughout NSW and the ACT,” it said.

Managing director Mark Lapins said he saw enormous potential in participating with HNCD.

“This agreement significantly advances our commercialisation efforts and gives us a large pipeline of residential project customers in NSW and the ACT and potentially, Australia-wide,” he said.

Quantify shares were 3.8 per cent higher to 8 cents each at the close.

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