Join our daily newsletter At The Bell to receive exclusive market insights
- Quantify Technology (QFY) and Harvey Norman Commercial Division has signed a heads of agreement with 3 Property Group
- This three-year agreement will see all future 3PG projects exclusively feature Quantify’s smart home solutions
- This $170,000 agreement is significant for Quantify to enter the growing market in the ACT
- Current development projects mark the first fully voice-enabled projects in the ACT
- Quantify shares remain flat and are trading for 0.2 cents each
Quantify Technology (QFY) and Harvey Norman Commercial Division has signed a heads of agreement with 3 Property Group (3PG).
This agreement will see all future 3PG projects exclusively feature Quantify’s smart home solutions for a three year period. These solutions will be available to buyers under the name of “3Q Home Automation.”
“We are delighted to have our first project in the ACT, alongside 3 Property Group, who are leading the way in building innovation,” Quantify National Sales Manager Rick Cubito said.
The news comes after the November announcement highlighting Quantify and Harvey Norman Commercial Division’s order with Blaq Project for 267 apartments in Wollongong.
3 Property Group is a property development company in Canberra which has a longstanding record of providing innovative technology options to purchasers across their projects in the Australian Capital Territory.
“When Harvey Norman Commercial Division spoke to us about Quantify’s smart home solution, we were confident it was going to reinforce the 3 Property Group philosophy, which is to always be one step ahead in innovation,” 3PG Director Gary Kelly said.
This $170,000 agreement is significant for Quantify to enter the growing market in the ACT. The population in Australia’s capital state is set to reach 460,000 people by 2023, representing an 8000 per year annual growth.
Quantify’s smart home technology products will be included in 53 townhouses across the Balcombe Terraces, Sage and Soho projects. These developments mark the first fully voice-enabled projects in the ACT, featuring “3Q Home Automation.”
Exclusively, 3PG will install a turn-key solution, consisting primarily of Quantify’s devices as well as smart speakers and Wi-Fi. First installations are planned for April 2020.
Quantify shares remain flat and are trading for 0.2 cents each at 1:46 pm AEDT.
