Quantify Technology at forefront of IOT industry
Quantify Technology Holdings (ASX: QFY) informed the market on Wednesday morning that it had successfully developed and released for manufacture its passive infra-red motion sensor fascia to complement its growing suite of products.
The new technology incorporates passive infra-red motion, light measurement, temperature, and humidity sensor. The new fascia also allows QFY’s platform to manage power usage by collecting and analysing data and reacting to the environment. The modular design allows for easy upgrades and add-ons that are being developed.
The new technology is expected to be installed in the University of Western Australia Medical and Dental Library project in the third quarter with manufacture of the product currently underway.
Further to this development, a luxury apartment on York Street in Sydney will have QFY’s Q Device installed, which will be used to showcase the company’s Truly Intelligent Building Solution to potential clients across the globe.
It should be noted here that this is an early stage play and investors should seek professional financial advice if considering this stock for their portfolio.
The demonstration suite will initially be commissioned with QFY’s first feature set demonstrating power management. The demonstration suite will evolve with technological upgrades and add-ons as they are developed.
QFY will program and test the demonstration suite over the next few weeks, with work scheduled to be completed by the end of the month with management planning to show clients and stakeholders through the apartment in early July 2017.
Commenting on the release of this latest technology, QFY’s founder and Managing Director, Mark Lapins, said, “The development of this latest fascia shows the ease with which new technology and feature upgrades may be incorporated with our hardware – a key feature of our modular platform”.
Lapins said the flexibility of QFY’s modular design was significant in that it allows for easy integration of sensors and devices in the company’s products via the user interchangeable fascia. This design allows the company and its customers to stay at the forefront of future technological advancements.
Further important developments may be on the horizon with Lapins saying, “Additional innovative sensors and devices are being evaluated for integration in future products and we look forward to updating the market when complete”.
Lapins highlighted the fact that QFY is at the forefront of the emerging IoT (Internet of things) industry, and technology upgrades such as fascia development would help the company in maintaining a dominant position.