Highlights
• Quantify Technology has entered into an Agreement with 8Digital, for the distribution of the Company’s products in Queensland.
• 8Digital has a strong sales pipeline and focus on high-end residential properties.
• The Agreement is part of Quantify’s strategy to create a national footprint of leading distributors focused on the new build and retrofit market.
• Queensland is 20 percent of Australia’s population and around the same percentage of the new build market.
Quantify Technology Holdings Limited (ASX:QFY) (“Quantify Technology”, the “Company”) is pleased to announce it has entered into a distribution agreement (the “Agreement”) with 8Digital, for the distribution of the Company’s products in Queensland including displaying its devices in display suites. The initial term of the Agreement is for one year which can be rolled over. Standard termination clauses exist on both sides.
8Digital have a strong sales pipeline, while maintaining a focus on integrating technology into high-end residential properties. The Company is owned and operated by Karl Silverlock, an expert in the field, who has a good understanding of the product and its benefits.
Queensland boasts over 20 percent of Australia’s population1 and around the same percentage of the new build market2.
The Agreement is part of Quantify’s growth strategy, with the Company focused on signing up leading distributors across Australia to capture a significant proportion of the $1.8B pa market that is expanding at 30% pa3. The addition of 8Digital to Quantify’s list of distributors means Quantify now cover New South Wales, Western Australia and Queensland. Further distribution arrangements in other states are expected to be announced shortly.
8Digital Founder and Director Karl Silverlock
