Quantify Technology Holdings Limited (ASX: QFY) is an Australian-based pioneer of Truly Intelligent Buildings technology. On 27 May 2019, the company announced that leading Taiwanese manufacturer, CASwell (CASwell Inc.) through its associate company, Advanio, at the Computex Trade Show (Computex) would be exhibiting the products of Quantify Technology. This trade show will be held in Taipei, Taiwan from 28 May 2019 to 1 June 2019.
CASwell is a Taiwanese Stock Exchange listed company and its offices are situated in Taiwan, China, Japan as well as the US. CASwell Inc provides designing, engineering as well as manufacturing services to leading clients worldwide. It has above US$200 mn turnovers annually. On 2 May 2019, QFY announced that it had appointed CASwell for manufacturing the products of the company in both Australian and International markets.
Showcasing the products of QFY is a combined initiative taken by Quantify and CASwell, where both the parties will look for distribution opportunities for the products of Quantify in Taiwan and mainland China. At the event, the technology of the company will be promoted by Quantify and CASwell, aiming towards these significant markets.
Computex was established in 1981 and is known as one of the biggest global IoT as well as information and communications technology (ICT) trade shows. The Taiwanese, Chinese, along with other international organizations in the 5 days exhibition, will showcase integrated technologies. Further, they would also be showcasing the newest products which might open new chances of business as well. At the same time, it will also create new heights for the industry.
Previously, the company on 20 December 2018, highlighted that its hardware obtained global certification for meeting global safety standards. The certification combined with its 110 volts as well as 240 volts operating voltages, makes sure that the company is strongly positioned to pitch into the global market.
Also, CASwell forms a crucial part of the growth and commercialization strategy of the company with its capability to scale manufacture of products of Quantify Technology, the partnering opportunities they could offer, along with their potential to assist the company in entering into the Asian markets.
In the company’s presentation released on 21 May 2019, the company provided the below-mentioned investment highlights of FY2019:
- Harvey Norman Commercial Division issued a stocking order for $500k for the next six months.
- The company received a purchase order worth $736,000 for Wallaroo Shores for supplying 100 residential, retirement and commercial lots.
- QFY’s products were trialled across Australia.
- CASwell is manufacturing QFY’s products to meet global demand.
- At present, the focus of the company is on the domestic residential market and later, it would expand overseas and into the commercial space.
- The company was able to achieve patent protection in 11 countries. Thought, the patents are still pending in 54 other countries.
During the previous month period, the shares of QFY have generated a return of 16.67%. QFY holds a market cap of A$6.87 million and approximately 980.99 million outstanding shares. The stock of the company was trading flat at A$0.007 (as on 28 May 2019, AEST 12:26 PM).
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.