Harvey Norman Commercial Division sign on as exclusive distributor for the East Coast
Highlights
- Quantify Technology has entered into a three-year agreement with Harvey Norman Commercial Division ("HNCD"), to become the Company's exclusive distributor on the Australian east coast.
- HNCD will place an initial $500K stocking order for the first six months of the agreement.
- HNCD is the single largest Harvey Norman franchise and provides an extensive selection of brand-name products to builders, developers, architects and designers.
Quantify Technology Holdings Limited (ASX:QFY) ("Quantify Technology", the "Company") is pleased to announce it has entered into an agreement (the "Agreement") with Harvey Norman Commercial Division ("HNCD"), which will see the franchise become the Company's exclusive distributor for the Australian eastern states, including New South Wales, Victoria, Queensland, The Australian Capital Territory and Tasmania.
Under the Agreement, HNCD has committed to a $500K stocking order for the next six months,
which brings Quantify Technology's outstanding purchase orders to a total of $1.2m.
The Agreement follows ASX release dated the 18 July 2018, whereby Quantify Technology
announced it had completed an onsite installation at the HNCD display suite in Rosebery,
Sydney and that the HNCD sales team would actively commence selling the Company's
products to residential and commercial construction projects.
Quantify Technology CEO Brett Savill
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