- 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 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.