Novateqni Currently Reviewing Adoption of Block Chain Technologies and Provides Corporate Update
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NOVATEQNI CURRENTLY REVIEWING ADOPTION OF BLOCK CHAIN
TECHNOLOGIES AND PROVIDES CORPORATE UPDATE
FOR IMMEDIATE RELEASE
September 27, 2017 – Calgary, Alberta – NovaTeqni Corporation (“ NovaTeqni” or the " Company")
(TSXV:NTQ, OTCQB:NVTQF) is pl eased to update shareholders w ith 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 en abled 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 on line 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 syst em is able to provide power to small businesses,
schools, clinics, etc. These system s will be able to power a DC operated water filter system as well as a
fridge, TV with satellite receiver, lights and small co mputers. 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 bloc kchain technologies that would be synergistic to
Novateqni's existing business verticals. The market s for blockchain can be anywhere from biometrics
based payments and secure money transfer to voter regist ration, 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 [email protected].
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