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Corporate Spotlight

Founded in 2015, Quantify Technology is an Australian-based pioneer of Truly Intelligent Buildings. Quantify’s products automate homes, offices and buildings and provide the building blocks to enable a future in the rapidly growing Internet of Things (IoT) space.
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Interview with Brett Savill, CEO

PATENT GRANTED

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US Patent granted 

ASX Announcement 10 September 2019

Highlights 

  • Quantify Technology has been granted Patent protection for the Company’s technology in the United States of America. 
  • The United States of America is the largest smart home market in the world forecast to be US$44.79 billion by 2023. 
  • Patent approval gives a significant boost to Quantify’s plans, having commenced market entry via an Austrade program in San Francisco. 
  • The Patent provides a significant competitive edge in the US market


Quantify Technology Holdings Limited (ASX:QFY) (“Quantify Technology”,the “Company”) is pleased to announce it has achieved Patent protection for the Company’s technology in the United States of America (US). This approval coincides with Quantify Technology’s launch into the US market, with staff currently based in San Francisco furthering the Company’s preparations for entry into this market. 


The US market is the largest smart home market in the world, with revenue of over US$27B in 2019, an annual growth rate of 13% (CAGR 2019-2023), growing to around US$45B by 20231 . This figure does not include additional opportunities in the commercial space such as retirement and disability living, hospitality etc.


Patent approval of the Company’s technology provides a significant advantage over potential competitors in this market. A recent survey by the National Apartment Association2 suggests the number one factor for implementing smart home initiatives was ‘to attract and retain residents’. However, more than 41% of survey respondents ranked ‘future-proofing’ in the top two of seven challenges with smart home technology.


The Patent protects Quantify Technology’s unique selling proposition, which enables the Company’s products to evolve over time, without complete product replacement - dramatically reducing the lifetime cost of technology adoption. In mature technology markets, such as the US, this ‘future- proofing’ enables the Company’s products to stand out from the competition. This has been recognised as a significant advantage by the US companies that Quantify is already in discussions with. Combined with the ability to be retrofitted onto existing wiring, without the requirement for a neutral wire (yet another unique product feature), and 110V readiness, Quantify Technology’s products are well positioned for the US.


The Company has already shortlisted a number of US-based partners to sell into the US market via distribution agreements, product licensing, technology licensing or a blend of these three options. The distributors all have significant sales synergies meaning they can accelerate Quantify Technology’s entry without the investment required if the Company was to do this directly.


The US is the twelfth country to grant Patent protection, joining Australia, Mexico, China, Hong Kong, Indonesia, Morocco, the Republic of Korea, Singapore, South Africa, Japan and Israel. Patents are pending in 53 other countries / regions including the EU.


Click here to view the full announcement

QUANTIFY EXPAND INTO QUEENSLAND

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Quantify expand distribution into Queensland

ASX Announcement 23 August 2019 


Highlights 

  • Quantify Technology has entered into an Agreement with 8Digital, for the distribution of the Company’s products in Queensland.
  • 8Digital has a strong sales pipeline and focus on high-end residential properties.
  • The Agreement is part of Quantify’s strategy to create a national footprint of leading distributors focused on the new build and retrofit market.
  • Queensland is 20 percent of Australia’s population and around the same percentage of the new build market.


Quantify Technology Holdings Limited (ASX:QFY) (“Quantify Technology”, the “Company”) is pleased to announce it has entered into a distribution agreement (the “Agreement”) with 8Digital, for the distribution of the Company’s products in Queensland including displaying its devices in display suites. The initial term of the Agreement is for one year which can be rolled over. Standard termination clauses exist on both sides. 


8Digital have a strong sales pipeline, while maintaining a focus on integrating technology into high-end residential properties. The Company is owned and operated by Karl Silverlock, an expert in the field, who has a good understanding of the product and its benefits.


Queensland boasts over 20 percent of Australia’s population1 and around the same percentage of the new build market2 . The Agreement is part of Quantify’s growth strategy, with the Company focused on signing up leading distributors across Australia to capture a significant proportion of the $1.8B pa market that is expanding at 30% pa3 . The addition of 8Digital to Quantify’s list of distributors means Quantify now cover New South Wales, Western Australia and Queensland. Further distribution arrangements in other states are expected to be announced shortly.


Click here to view the full announcement

AUSTRADE PROGRAM IN SAN FRANCISCO

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Quantify selected for Austrade program in San Francisco as part of U.S. Market Entry 

ASX Announcement 1 August 2019 


  • Quantify Technology has commenced market entry into the US$28B U.S. marketplace. 
  • The Company has been selected for a three-month Austrade Landing Pad Program in San Francisco along with a small number of Australian scale-ups. 
  • Under the Program, Austrade will help introduce Quantify Technology to an extensive range of businesses and partners to accelerate its expansion.


Quantify Technology Holdings Limited (ASX:QFY) (“Quantify Technology”, the “Company”) is pleased to announce that it has commenced entry into the U.S. market with plans to establish first sales in FY2020. As part of Quantify Technology’s market entry strategy, the Company has been selected for the ninety-day Austrade Landing Pad Program in San Francisco, commencing in September 2019. Quantify Technology will benefit from Austrade’s extensive global network of contacts and tailored business development assistance. Being close to Silicon Valley and Seattle, the Landing Pad provides easy access to major technology companies, as well as potential partners in the building automation space. Quantify Technology’s aim is to use this Program to develop a short list partners to work with for entry into the US in 2020.


Quantify Technology CEO, Brett Savill, commented: “The U.S. Smart Home market is US$27.74B in 2019, more than 12x greater than Australia. The San Francisco Landing Pad Program represents an exciting opportunity for us begin our entry into the US. We are delighted to be a part of this highly competitive program and look forward to the opportunities it presents.”


Click here to view the full announcement

ABOUT

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About Quantify


Founded in 2015, Quantify Technology is an Australian-based pioneer of Truly Intelligent Buildings. Quantify’s products automate homes, offices and buildings and provide the building blocks to enable a future in the rapidly growing Internet of Things (IoT) space.

 

Quantify’s products have the potential to be the catalyst for change on a global scale and will allow the delivery of a range of IoT solutions as an integral part of a building. Quantify have created easy to use, simple to install devices that save time and energy, at a price point that enables wide-scale adoption.

 

Our unique approach removes the need for dedicated gateway devices or communications hubs and provides a seamless communications solution for all connected devices. Quantify patented products make computing power a seamless part of every room in every building.

 

Our clever devices are designed to enhance the lives of its users, while suiting the needs and desires of electricians, architects, designers, builders and beyond.

 

Simple, innovative, limitless.


WWW.QUANTIFYTECHNOLOGY.COM

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