ASX-listed, smart home technology provider, Quantify Technology, has secured yet another sales contract through its east coast distributor, Harvey Norman Commercial, to take its “smart” light switches, power points and related hardware into a new high-end residential development in Sydney.
Subject to the final plan designs for the project, Quantify expects the contract order for its patented products that can be integrated with Amazon and Google’s voice control technology, to be in excess of $450,000 over the three-year, exclusive contract.
The deal will see Quantify’s smart devices installed into thirty-six innovative, high quality apartments and townhouses being developed by rapidly growing apartment builder, Dilcara.
The company said the deal is the second major contract delivered by Harvey Norman’s commercial division in NSW on the back of an initial, six-month, $500,000 distribution contract agreed between the two parties back in May last year.
Whilst the global smart home technology race is well and truly on, the $2m market capped, Perth-based Quantify, has managed to muscle its way into the smart home space amongst industry monoliths like Clipsal, Google, Amazon and others.
The company’s range of smart products aim to make buildings truly intelligent with light switches, dimmers, power points and blind controllers that are all inter-connected to each other wirelessly, essentially creating an internal electrical eco-system that allows the householder to pretty much do anything he or she chooses from any switch.
Quantify’s light switches and dimmers can be activated and controlled by hand, by mobile phone APP, or simply by voice control by integrating with Google and Amazon’s voice control technology. A key piece of the technology in Quantify’s smart switches is a ‘feature card’ which looks a little bit like the old SD card that was used in digital cameras but with way more smarts.
The card is the brains of every switch and can be easily pulled out and replaced as the technology evolves, dispensing with the need to completely replace already installed hardware.
Whilst Quantify is initially targeting residential and standard commercial markets, sectors such as aged care, disability and hospitality where frequent touching is potentially problematic, are obvious secondary markets in time.
After creating its own proprietary products that were developed in Perth by its own in-house team of engineers, Quantify is now well and truly out of the R&D stage and scoring material runs in the distribution game around Australia.
Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au
By Matt Birney
