Image Sourced ShutterStock
Market Herald logo


Be the first with the news that moves the market
  • Harvey Norman signs with smart-home appliance company Quantify Technology for exclusive East Coast distribution
  • Harvey Norman has placed a half-million product order to stock in-stores
  • The agreement is secured for three years

Quantify Technology has entered into a three-year agreement for exclusive east coast distribution with Harvey Norman.

Harvey Norman has also placed a $500,000 order for Quantify products over six-months product stocking. Quantify produce appliances in the growing market of housing ‘Internet of things’ (IoT).

Internet of Things products will assist in smart technology integration of every day household items, such as kitchen appliances, entertainment systems and home security systems.

Included in the deal are states New South Wales, Victoria, Queensland, The Australian Capital Territory and Tasmania.

Quantify CEO Brett Savill says Harvey Norman Commercial Distribution (HNCD) and the company have been working in collaboration for quite some time and it’s no surprise Quantify’s sales prompted this exclusive east-coast deal.

“With an extensive network of large-scale customers including developers, builders and architects, the HNCD team are ideally placed to deliver significant [business to business] sales,” he said.

Today’s announcement follows last year’s agreement for Harvey Norman to house Quantify product suites in a Sydney store and a sales model geared at selling its products to customers.

HNCD proprietor Alan Stephenson says the increased customer demand for home automation has grown significantly over recent years.

“This is an important agreement and we look forward to continuing our relationship with Quantify” he said.

Quantify’s development sights are currently focused on products for the hospitality industry and the assisted living and retirement consumer markets.

Company shares opened at 0.97 cents each this morning and fluctuated before resting at 1.10 cents a piece.

QFY by the numbers
More From The Market Herald
Wisr (ASX:WZR) - CEO, Anthony Nantes

" Wisr (ASX:WZR) adds $123m in originations to loan book

Wisr (WZR) has added another $123 million in originations to its loan book during the recently completed September quarter.
Humm Group (ASX:HUM) - CEO, Rebecca James

" hummgroup (ASX:HUM) 1Q22 business update

hummgroup (HUM) is trading in the green following the company’s business update for the first quarter of the 2022 financial year.
Laybuy (ASX:LBY) - Managing Director, Gary Rohloff

" Laybuy Group (ASX:LBY) signs new £30 million loan

Laybuy Group (LBY) has signed a new £30 million (A$55.3 million) debt facility with US specialist lenders Partners for Growth.

" NSX (ASN:NSX) enters Q2 focused on Saudi Arabian stock exchange

NSX Limited (NSX) capped off its first quarter of FY22 with more cash in the bank and plans to potentially open another stock