Tech icon to lead Quantify’s entry into China’s emerging Smart City industry
Quantify Technology Holdings (ASX: QFY) an emerging player in the multi-billion dollar Internet of Things (IoT) industry, has announced the appointment of software pioneer and former high profile Microsoft executive, Alan Boyd, as a key advisor in formulating the company’s entry plans into one of the world’s largest economies via the Chinese Government’s 300 Smart City program.
A smart city is an urban development aimed at integrating multiple information and communication technology and Internet of things (IoT) solutions in a secure fashion to manage a city’s assets, including municipal information systems, schools and libraries.
Boyd’s appointment significantly strengthens QFY’s technological expertise, as he is one of the world’s most knowledgeable technology and intellectual property (IP) specialists, having more than 40 years’ experience in the industry.
However, there is a long road ahead for QFY to fully tap this market and investors should seek professional financial advice if considering this stock for their portfolio.
Boyd’s decision to take on the role is an endorsement in its own right of the group’s industry standing. He will assist the Company in targeting Smart Cities in China following the announcement that the country will create more than 300 new smart cities.
QFY is currently in discussions for its flagship Q Device to be used in the Smart City developments in China. Furthermore, QFY noted that a number of leading Chinese building design groups had shown interest in the Q Device in relation to building upgrades.
The following video demonstrates how the device works:Former Microsoft Product Development Manager’s experience in China invaluable for QFY
Boyd was a pioneer of the US personal computer industry in the 1970s and wrote some of the earliest personal computer programs for MUSE, one of the first independent software companies. As well as leading Microsoft’s acquisitions team, Boyd was also Microsoft’s first Product Development Manager where he reported directly to Bill Gates and was an early influence on Microsoft’s product strategy.
Boyd’s experience in managing and protecting intellectual property will also be of great assistance to QFY at a stage where it has already had considerable success with established products, but is continuing to develop new technologies.
In the 1980s, Mr Boyd was acknowledged by the Reagan administration as one of the world’s leading experts on IP and was employed by the US Treasury Department as an Expert Witness in a number of high profile IP cases.
Boyd ahead of the curve in co-founding SmartCity software
More recently, Boyd has gone on to co-found SmartCity Software, the first Chinese software company to focus on the design, development, acquisition and licensing of software needed to design, build and operate modern smart cities.
SmartCity Software has acquired the rights for China for some of the world’s most advanced software including artificial intelligence controlled microgrids, buildings and homes.
QFY managing Director, Mark Lapins said, “Boyd’s significant technological expertise will assist the company in redefining the IOT industry standard, and more specifically his knowledge of smart city development will be instrumental as we look to target smart cities in China with our unique and innovative IoT technology”.
QFY’s technological expertise praised by Boyd as company Chairman prepares to meet with Chinese government
Boyd described QFY’s progress in addressing one of the most difficult problems of the IOT as an ‘elegant solution’, fitting well with where the industry is heading, not only in China but around the world.
In an endorsement of QFY’s technological expertise, Boyd referred to the company as ‘technology at its best’, adding that the company had ticked a box that has been conspicuously unticked for too long.
Lapins noted that QFY’s efforts to expand into China had already paid off with the company’s Chairman, Aidan Montague having been invited to meet with the Chinese government official in charge of the Linyi National High-Tech Industrial Development Zone to discuss the use of the Q Device in smart buildings in that zone.