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Quantify signs ASI Electrics to tap into $1.8bn market

Technology
ASX:QFY
23 September 2019 01:18 (AEST)

Quantify Technology has entered a distribution agreement with ASI Electrics to distribute its intelligent device products in Victoria.

Quantify is an Australian-based company that has created simple-to-install, affordable Internet of Things devices to be used in commercial and residential buildings.

ASI Electrics has a sizeable team of over 200 employees who are experts in electrical design and installations, engineering and value-enhanced solutions which provide a positive outcome for clients.

“Our reputation is built on our ability to ‘make it happen’, and our record of success attests to our commitment to exceeding our clients’ expectations and delivering exceptional service and expertise every time,” ASI Electrics CEO Scott Edgcumbe said.

According to the Australian Bureau of Statistics, Victoria is home to 26 per cent of the nation’s population and represents approximately the same percentage of the new-build market.

The distribution agreement is in line with Quantify’s growth strategy to sign up leading distributors and installers across Australia to capture a significant portion of the $1.8 billion per annum market.

“ASI Electrics are one of the largest electrical contracting, service and maintenance businesses in the State with a strong project and sales pipeline. Entering into agreements with leading Australian distributors forms an integral part of our strategy,” Quantify Technologies CEO Brett Savill said.

This agreement follows the distribution agreement with Queensland’s 8Digital.

Quantify now has distributors of its intelligent devices in the four most populated states in Australia – New South Wales, Western Australia, Queensland and Victoria.

The initial term of the agreement is for one year which can be rolled over.

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