Three developments keen for Quantify device

17/03/2017 - 14:10

Bookmark

Save articles for future reference.

Quantify Technology Holdings has announced it is likely to win contracts for its internet of things services to be rolled out on three projects, including at the University of Western Australia’s Medical and Dental Library.

Three developments keen for Quantify device
Quantify managing director Mark Lapins is a specialist in internet protocol communications.

Quantify Technology Holdings has announced it is likely to win contracts for its internet of things services to be rolled out on three projects, including at the University of Western Australia’s Medical and Dental Library.

It could additionally be rolled out at the Crest Apartment project in Burswood, which is headed by Norup + Wilson, and the Lindfield Apartment project in Sydney.

That’s because the company’s lead product, the Q Device, which measures energy efficiency in buildings, has featured in the electrical engineering plans of the projects.

But the company cautioned that such inclusions did not represent firm contracts until formal purchase orders are received.

The company is also proceeding with an agreement signed in 2015 with property developer Copper Coast, which is building hundreds of dwellings in a project in South Australia worth $220 million.

Construction work on that development is expected to begin in May.

Quantify was founded by Mark Lapins in 2012, a specialist in the field of internet protocol communications technology.

Mr Lapins, who is the company’s managing director, said the company had made pleasing progress and was building towards large scale production in the second half of 2017.

He said Quantify was receiving strong interest from property developers in a number of cities for both commercial and residential projects.

The Q Device doesn’t require cloud computing or even a server as all computing power is included in the product itself .

When Quantify backdoor listed through WHL Energy in September last year, it was valued at $22 million, and remains around that level as of the latest numbers today.

Shares in Quantify were up 2.5 per cent to 8.2 cents each at the time of writing.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options