Quantify Technology Holdings Limited (ASX: QFY)
Cities are only getting smarter – and it’s all due to companies creating intelligent IoT solutions designed to make work, life and play much easier.
In China, total smart city investment over the next 10 years will be RMB 2 trillion (approximately US$300 billion) and one Australian company could be set to become a part of this evolution.
Quantify Technology (ASX: QFY) is currently in discussions for its flagship Q Device to be used in Smart City developments in a number of cities in China as part of the country’s 300 Smart City programme.
And this move is being facilitated by the man who headed up Microsoft’s acquisition team and reported directly to none other than Bill Gates – Mr. Alan Boyd.
Mr. Boyd was acknowledged by the Reagan administration as one of the world’s leading experts on IP, so this is one smart and well connected guy to have on board.
Yet even more important for QFY is Mr. Boyd co-founded SmartCity Software, the first Chinese software company to focus on the development and licensing of software needed to design, build and operate modern smart cities.
This gives QFY a great deal of clout as enters into discussions for its flagship Q Device to be used in Smart City developments in China.
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Mr. Boyd’s involvement in QFY demonstrates that QFY’s work to date is in line with where innovative IoT tech is heading in both China and the world.
And that’s a big endorsement for QFY as it looks to penetrate the multi-billion dollar Chinese IoT market and take a foothold in the development of the smart cities of the future.