Shares in Quantify Technology surge as agreement is struck with Cisco

By Trevor Hoey. Published at May 30, 2017, in Technology

Quantify Technology Holdings (ASX:QFY) delivered a double dose of good news on Tuesday morning, resulting in the company’s shares increasing nearly 10%.

It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

Management informed the market that an agreement had been struck with Cisco Internet of Everything Innovation Centre (CIIC) to showcase and promote QFY’s technology solutions to potential property development partners.

Importantly, QFY has already had success in distributing its Internet of Things (IOT) Q Device to the construction industry where it is used to enable the monitoring and management of Internet enabled devices such as lighting, power, heating and cooling systems.

Not only will this agreement allows QFY to showcase its products, CIIC will facilitate connections between the company and key stakeholders in the building management and development industry.

The objective of the collaboration is to demonstrate first-hand the potential of QFY’s technology and its applications in Truly Intelligent Buildings to strategic customers.

Potential for Quantify to participate in Curtin University twenty-year infrastructure project

There was also some positive news from a medium to long-term perspective with the prospect of QFY being included in building projects including the Greater Curtin Project, a twenty-year infrastructure project which will transform Curtin University’s campus into an urban centre with a greater variety of land uses for education, residential and business.

Construction of the $26 million first stage of the project is expected to start later this year and will include a 1400 student accommodation building, a “school of built environment” and a short-stay accommodation facility.

Commenting on these developments, QFY’s Managing Director, Mark Lapins said, “As a first mover in the IOT market focusing on Truly Intelligent Buildings we see enormous potential in partnering with the CIIC to showcase our technology and gain valuable exposure to Cisco’s and Curtin’s global network.”

Lapins also noted that there are other key prospects across the broader property management and development sector, in particular a collaboration with Woodside Properties Management.

With other developments on the horizon in terms of promoting QFY’s scalable, simplified and robust IOT products, the company said that it looked forward to providing further updates to the market as relationships develop.

S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Thanks for subscribing!