Quantify Technology (ASX: QFY) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with CASwell Inc to develop processes for the volume manufacture of the Company’s products. Quantify will further seek to appoint CASwell, and other affiliated companies that are part of the Foxconn Technology Group, to manufacture Quantify Technology’s product suite for the Australian and International markets.
A key part of the Company’s commercialisation strategy has been to source a manufacturing partner that can scale as demand grows both in Australia and internationally. This MOU represents an important step for Quantify to further the commercialisation strategy.
Quantify’s product suite represents a useful addition to CASwell’s portfolio. CASwell, through its own businesses, and through its associate companies Ennoconn Corporation and Foxconn Technology Group, is uniquely placed to accelerate Quantify’s commercialisation strategy. The MOU contemplates other partnership opportunities including development of a distribution channel for Quantify’s products in Taiwan and mainland China.
Quantify Technology CEO Brett Savill Commented: “After an assessment of CASwell’s manufacturing and other capabilities, we believe they will make a great partner. We believe that CASwell and their affiliated companies can help Quantify scale internationally and I am excited to see this relationship flourish.”