• Quantify Technology has entered into an Agreement with ASI Electrics for the distribution of its products in Victoria.
• ASI Electrics is one of Victoria’s leading electrical contracting businesses, with over 200 direct employees. They have expertise in electrical design and installation, engineering and value enhanced solutions.
• The Agreement is part of Quantify’s strategy to create a national footprint of leading distributors and installers focused on the new build and retrofit market.
• Victoria represents 26 percent of Australia’s population and approximately 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 ASI Electrics, for the distribution of the Company’s products in Victoria.
Since establishment 20 years ago, ASI Electrics have prided themselves on performing some of the most technically sophisticated electrical, maintenance and service projects, tasks and programs for customers in residential and commercial settings, under experienced CEO Scott Edgcumbe. The business has a sizeable team of over 200 direct employees who are experts in electrical design and installations, engineering and value enhanced solutions which provide an all-encompassing outcome for clients.
Victoria is home to 26 percent of Australia’s population1 and represents approximately 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 and installers across Australia to capture a significant proportion of the $1.8B pa market that is expanding at 30% pa3. The addition of ASI Electrics comes after Quantify signed a distribution agreement with Queensland’s 8Digital. Quantify now has distributors in the four most populated states in Australia – New South Wales, Victoria, Queensland and Western Australia.
The initial term of the Agreement is for one year which can be rolled over. Standard termination clauses exist on both sides.
ASI Electrics CEO, Scott Edgcumbe,