Quantify Technology collaborates with St John of God
Quantify Technology Holdings Ltd (ASX:QFY) has announced an important collaborative agreement with a division of St John of God Health Care, Australia’s third largest private hospital group.
The company will be assisting St John of God Accord (SJGA) in creating a new model for service delivery, showcasing its technology applications in healthcare and supported accommodation.
Quantify Technology’s framework and hardware, alongside Samsung and other technology leaders, will be added to the home to enhance the care and quality of life for residents with severe intellectual disabilities.
QFY remains an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.
To provide perspective, SJGA is a division of St John of God Health Care which has created the “Enabled Lifestyle Blueprint” initiative, focusing on reducing restrictive practices in the industry.
This is aimed at enabling greater independence for people with disabilities through the integration of technology and data collection for better decision-making, improved care and lifestyle outcomes.
Government supports care services to the tune of $19.3 billion
In the 2013-14 federal budget, $19.3 billion was dedicated to implementing the NDIS in Australia, which provided direct funding for assisted living technology for people with disabilities.
Projects that are funded in part by the NDIS could generate significant revenues for the company.
SJGA has proven record
Highlighting the company’s increasing presence in the sector, this development follows an agreement forged in May with the US-based Electronic Caregiver LLC (ECL) for the development, sales, marketing, and distribution of an integrated, collaborative solution for the US and Australian markets.
SJGA recently broke ground on their new “smart” group home in East Brighton, Victoria.
Quantify Technology is providing their Perth-based corporate headquarters for the development of the technology integrations and initial showcasing prior to installation in the East Brighton property.
The company’s own framework and hardware will be installed in the proof of concept building, once again highlighting its quality technology.
Partnering with big names can lead to lucrative opportunities
Working with big names like Samsung could well provide opportunities to forge relationships with other major industry players, enabling it to participate in similar projects.
Management said the company is committed to continuing its activities in the high-growth healthcare and retirement sector where living technology is so important.
The proof-of-concept home will further demonstrate the diverse market applications of the company’s technology, including its capabilities with Amazon Alexa in a healthcare and assisted living environment.
Quantify Technology managing director Mark Lapins said, “Our three fundamental pieces of hardware - the light switch, the power outlet, and auxiliary controller - combined with our built-in computing power are redefining the industry.
“Our technologies are setting the standard for safer and more independent living outcomes.”
He also noted the broader applications of the company’s technologies in pointing to other market segments such as traditional health care, retirement living and aged care.