9-27-17 8:09 AM EDT | Email Article

(TheNewswire)

September 27, 2017 / TheNewswire / Calgary, Alberta – NovaTeqni Corporation (“ NovaTeqni ” or the " Company ") (TSXV:NTQ, OTCQB:NVTQF) is pleased to update shareholders with the activities of the Company over the last few months. The previously announced Mobizent deal is being fulfilled with testing of MobiCONNECT and development of the biometrics enabled mobile MobiCHK II computer is in full progress.  Both products are aimed at the law enforcement sector in the United States and elsewhere.

NovaTeqni has also progressed its range of Pre-paid off Grid Solar Power Packs for homes and small businesses.  The Nova Solar Power Systems have online data connectivity allowing easy pay-as-you-go top up and telemetry for efficient remote support.  This makes the purchase cost much lower for home owners who then pay for electricity as and when it is required on a pay-as-you-go basis. The cost effective system will be especially useful in areas such as Africa where many millions of homes in rural areas and small towns have no grid connected power.  It is anticipated that a micro credit facility will allow users to obtain power on credit in certain cases, this is a feature able to be provided via the online connectivity of the system.  The small business system is able to provide power to small businesses, schools, clinics, etc. These systems will be able to power a DC operated water filter system as well as a fridge, TV with satellite receiver, lights and small computers.   This sector is receiving considerable investment attention.  NovaTeqni has to date supplied close to 10,000 of its low power solar power kits to entities including the United Nations (UN).

Additionally, the company has been reviewing blockchain technologies that would be synergistic to Novateqni's existing business verticals.  The markets for blockchain can be anywhere from biometrics based payments and secure money transfer to voter registration, voting and voter verification.   It is also potentially useful for pre payments for utilities and services.   

Gerhard Mynhardt, CEO of Novateqni stated , “We are very pleased to be completing the work for Mobizent  and the team is working hard on growing our presence in our areas of expertise.”

 

About Novateqni

NovaTeqni is a technology based company that is focusing on biometrics and Financial technologies. Using its management experience and developed intellectual property, NovaTeqni provides solutions and products for voter validation, voter registration, financial transactions and biometric solutions. Using its platform of products, NovaTeqni can provide clients with custom solutions for their particular industry. NovaTeqni has corporate offices in Calgary, Alberta, sales offices in Norfolk, Virginia, development in Johannesburg, South Africa and manufacturing in Hong Kong.

For further information, please contact Gerhard Mynhardt, Chief Executive Officer of the Corporation, by email at info@novateqni.com .

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements The forward-looking statements and information are based on certain key expectations and assumptions made by the Corporation, including expectations and assumptions concerning the business of the Corporation.  Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Corporation can give no assurance that they will prove to be correct.  By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed.  These risks and uncertainties, include, but are not limited to, the Corporation's expectations and assumptions concerning the business of the Corporation and the ability to complete and fulfill the obligations.  Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose.  The Corporation undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Copyright (c) 2017 TheNewswire - All rights reserved.

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