Quantify Technology awarded certification for Q Device, paving the way for rollout.
Published 29-MAR-2017 12:42 P.M.
4 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Quantify Technology Holdings (ASX: QFY), a unique and disruptive player in the multi-billion dollar Internet of Things (IoT) market, announced on Wednesday that it had completed Australian and New Zealand certification (AS/NZS CISPR 15 and AS/NZS 4268) of its flagship product, the Q Device.
This represents a major milestone in terms of commercialising the product, and it now allows QFY to further progress its strategy of securing large commercial and enterprise projects. However, it is important to note that the company is already on the front foot in terms of having its devices deployed with the delivery of the Q devices to a number of projects planned to commence in the second half of 2017.
These projects are in their early stages and investors should seek professional financial advice if considering this stock foe their portfolio.
Pending the award of projects that Quantify’s Q Device is currently being specified for, QFY said it remains on track with its commercialisation and product delivery pipeline and continues to receive strong interest in its target markets.
More specifically, the company is focused on generating sales into new construction projects including iconic commercial and enterprise projects. While QFY is also in discussions with parties looking to form strategic partnerships with systems integrators and channels, the company already has a number of committed projects on its books.
Upcoming projects in the pipeline
Earlier this month QFY announced that the Q Device had been included in the building specifications for three projects, two in Western Australia and one in New South Wales.
The two Western Australian projects are a medical and dental library and the Crest Apartment project in Burswood. The New South Wales project relates to the Lindfield Apartments in Sydney.
The Q Device has been specified for use in the electrical engineering plans for the projects. While firm contracts are yet to be negotiated, the specification of the devices represents an endorsement from both building contractors and electrical consultants.
Furthermore, construction work on the Wallaroo Shores project is expected to start in May. Wallaroo Shores is an 18.5 hectare development valued at $220 million and will feature a four-star resort, a residential component, a lifestyle village, and a commercial and retail sector.
QFY had previously signed an agreement with developer Copper Coast Investments for the sale and installation of its products for approximately 650 dwellings.
Copper Coast has agreed to exclusively promote and procure the purchase and installation of QFY’s products in buildings erected at Wallaroo Shores by incorporating a requirement that the owners use QFY’s products for dwellings erected as part of the project.
Q device aims to be the switches and routers of the future
The Q Device encompasses a range of products that provides the company with a distribution platform for the future evolution of Internet of Things technologies. This includes retrofittable switches and power outlets which are designed to provide real-time evaluation of environmental and risk factors for building occupants, as well as proactively managing services and utilities to ensure the highest levels of efficiency are achieved to create Truly Intelligent Buildings.
Included within each device is autonomous compute power allowing the delivery of advanced applications without the dependency on “Cloud Computing” applications or local gateways or servers.
Importantly, the certification conducted by Compliance Engineering in Victoria means that the AC modules in the Q Device are certified to the required Australian and New Zealand standard.
QFY is aiming to become one of the key infrastructure solutions to enable the future growth of the Internet of Things.
Management explained the company’s strategic position and the relevance of its products in the broader construction industry in saying, “Much as the Internet today is comprised of key devices such as switches and routers to allow it to scale to the size and performance we see today, Quantify’s intelligent devices aim to be the switches and routers of the future of the Internet of Things, allowing a simpler and more scalable architecture as IOT grows”.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.