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Quantify Technology Holdings targets next development steps within Internet of Things market

Published: 10:55 20 Nov 2017 AEDT

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The company's shares are in pre-open

Quantify Technology Holdings Ltd (ASX:QFY) has a unique business model as a developer of hardware and software devices that enable the monitoring and management of the next generation of internet- enabled devices such as lighting, power, heating and cooling systems installed in buildings.

Its patented flagship product, the Q Device, provides real-time evaluation of environmental and risk factors for building occupants.

To continue with the next steps in development, the company is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 22nd November 2017, or earlier if an announcement is made to the market.

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