Highlights
- Quantify Technology products featured by leading Taiwanese manufacturer, CASwell Inc., at the 2019 Computex Trade Show ("Computex") from 28 May to 1 June.
- Computex is one of the largest global IoT and ICT trade shows in the world
- Key step for Quantify Technology utilising CASwell and partners for its distribution strategy in both Taiwan and Mainland China.
- CASwell Inc. is a Taiwanese Stock Exchange listed company with a US$200 million turnover per year and is a subsidiary of Foxconn Technology Group ("Foxconn") which has a market capitalisation of US$20B.
Quantify Technology Holdings Limited (ASX:QFY) ("Quantify Technology", the "Company") is pleased to announce that leading Taiwanese manufacturer, CASwell Inc., ("CASwell"), through its associate company, Advanio, will showcase Quantify's products at the Computex Trade Show ("Computex"), held from 28 May to 1 June 2019 in Taipei, Taiwan.
Established in 1981, Computex is the one of the largest global Internet of Things (IoT) and information and communications technology (ICT) trade shows. The five-day exhibition will bring together Taiwanese, Chinese and other international organisations to showcase integrated technologies, along with the latest products that will open new business opportunities and create new heights for the industry.
Showcasing at Computex is a combined initiative by Quantify and CASwell in exploring distribution opportunities for Quantify's products in Taiwan and mainland China. Quantify's technology will be promoted by both companies at the event targeting these significant markets. China's smart home market alone is expected to be worth over US$33B by 2023 with total spending for the region exceeding US$59B (Source:Statista).
As announced on 20 December 2018, the Company's hardware received global certification, and this, combined with it's 110V and 240V operating voltages, ensures that the Company is strongly positioned to enter international markets. Gaining a foothold in the Taiwan/China region, with the support of CASwell for manufacturing scale and partnering opportunities, provides unlimited potential for growth within all Asian markets.
CASwell will be a key part of the Company's growth and commercialisation strategy within the region, with their ability to scale manufacture of Quantify Technology's product, the partnering opportunities they are able to offer, and their ability to assist Quantify to enter the Asian markets. Quantify Technology's product suite also represents a valuable addition to CASwell's portfolio for a mutually beneficial relationship.
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