Tech: Quantify scores east-coast deal with new Wollongong apartment project
Link copied to
Quantify Technology (ASX:QFY) has signed a deal to roll out its smart-home electronic platform with development company Blaq Projects.
Under the exclusive three-year commitment, Blaq Projects will deploy Quantify’s home-automation devices as part of an apartment project in Wollongong, NSW.
Quantify said its devices would be installed in 267 apartments alongside two demonstration suites.
Shares in QFY rose by around 20 per cent in morning trade to 0.6c.
Quantify’s core product is its qDevice, which can replace standard power outlets and allow light switches to be controlled by voice, app and touch.
It said revenue from the deal with Blaq Projects would be in excess of $500,000, and it “anticipated further orders will follow in due course”.
The Wollongong project follows a number of agreements Quantify has signed in the WA market, including a distribution deal with the Perth-based Intelligent Home Technology Centre in August.
Quantify said its devices would initially be installed into 174 apartments across three Wollongong locations. A further 93 will be added “subject to performance”.
CEO Brett Savill said that in addition to the Blaq Projects deal, the order pipeline was looking strong.
“This is the first major agreement resulting from all the hard work over the past year, and we have moved into a new phase in Quantify’s commercialisation journey,” he said.
IT services provider Empired (ASX:EPD) released a revised trading update, with a “material increase” in forecast net profits and earnings per share for the 2020 financial year. Underlying earnings in the December half “are expected to be between $8.3m and $8.8m”, the company said. Shares in EPD were up 11.48 per cent to 34c.
Ad optimisation company Adslot (ASX:ADJ) announced it signed a Master Services Agreement with US-based agency Havas Media Group. The agreement “enables media buyers within Havas’s agencies to purchase media directly from the Adslot Media marketplace, which represents some of the largest publishers in the US market”, the company said. Shares in the company rose 7.7 per cent to 2.8c.
Online gaming platform Esports Mogul (ASX:ESH) announced a further expansion into the south-east Asian market, signing up Channel8Games and NEX Studio as “Branded Hub partners with a paid fan subscription offering”. Shares in ESH were unchanged at 11c.
And product authentication company YPB Group (ASX:YPB) said the US Patent Office had issued additional patents for its MotifMicro family of patents from MIT. The company said the new patents “advance the development path of the second generation of MotifMicro in 2020”. Shares in YPB rose 14.29 per cent to 0.8c.