Feb 16 (Reuters) - Quantify Technology Holdings Ltd QFY.AX :
* OPERATING PERFORMANCE ON TRACK, WITH COST REDUCTION SUCCESSFULLY ENACTED
* SIMON GERARD TO BECOME CHAIRMAN AND GARY CASTLEDINE TO RESIGN FROM BOARD
* HAS RECEIVED PURCHASE ORDERS FROM GSM-ELECTRICAL FOR OVER 17,000 PRODUCTS REPRESENTING SALES IN EXCESS OF $1M
* PETER ROSSDEUTSCHER HAS AGREED TO STEP DOWN AS CHAIRMAN