Quantify Technology Holdings Limited announced that it has signed a Memorandum of Understanding (MOU) with CASwell Inc. (CASwell) 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 reprents important step for Quantify to further the commercialisation strategy. Quantify's product suite represents a useful addition to CASwell's portfolio. CASwell, through ts own businesses, and through its associate companies Ennoconn Corporation and Foxconn echnology Group, is uniquely placed to accelerate Quantify's commercialisation strategy.

he MOU contemplates other partnership opportunities including development of a istribution channel for Quantify's products in Taiwan and mainland China.