Quantify moves on manufacturing plans

09/01/2019 - 12:09

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Shares in Bentley-based Quantify Technology were up as much as 14.3 per cent today after the business signed a deal with Taiwanese company Foxconn Technology to progress towards manufacturing of its intelligent building management gadgets.

Quantify moves on manufacturing plans
Quantify is based in the Perth suburb of Bentley.

Shares in Bentley-based Quantify Technology were up as much as 14.3 per cent today after the business signed a deal with Taiwanese company Foxconn Technology to progress towards manufacturing of its intelligent building management gadgets.

The memorandum of understanding, with Foxconn subsidiary Caswell, will be to explore options for large-scale production of the Quantify Q-device.

The Q-device is a wall-mounted unit linked in to lighting and other electrical devices that can control dimming and other functions.

It is designed for use in intelligent buildings that can automate decisions about electricity use.

Some buildings are already using the device, including the UWA Medical & Dental Centre, while the company has been approved for integration with Amazon’s Alexa smart home platform.

Other projects are on the way, with Quantify inking a $736,000 contract to supply the devices to the Wallaroo Shores resort and housing development in South Australia in September 2018.

Today’s announcement also opens pathways for developing distribution of the Q-device into China and Taiwan.

Quantify chief executive Brett Savill said the company had assessed Caswell’s manufacturing capabilities and it make a good manufacturing partner.

“We believe that Caswell and their affiliated companies can help Quantify scale internationally and I am excited to see this relationship flourish,” he said.

Shares in Quantify had fallen back to 0.7 cents each at the close of trading.

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