Novateqni Provides Corporate Update
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NOVATEQNI PROVIDES CORPORATE UPDATE
FOR IMMEDIATE RELEASE
May 31, 2017 – Calgary, Alberta – NovaTeqni Corporation (“ NovaTeqni” or the "Company") (TSXV
- NTQ: OTCQB - NVTQF) is pleased to provide the fo llowing corporate update of its achievements and
upcoming activities.
Elections Technologies
The Company is pleased to report that over the last year it has completed all prototypes for its full suite of
offerings for elections technologies which can also be m odified to be used in the biometrics identification
sector. More than 50 international elections will ta ke place in 2018 with nearly 20 elections taking place
in Africa. In order to be able to react quickly to these opportunities, the completion of the prototypes was
a necessary step. Through its strategi c alliance with partners such as Paarl Media, a division of Novus
Holdings Ltd, Novateqni will be demonstrating and actively marketing its solutions well in advance of
elections. The relationship with Novus Holdings Lt d. a subsidiary of Naspers, commenced with the
partnership for the successful supply of elections technologies in Liberia. Novus provided support,
funding and financial strength for the project undertaken on behalf of the United Nations.
Vodafone and Zambia
In the past year, Novateqni also successfully supplied a Know-Your-Client (“KYC”) system for Vodafone
in Zambia. The KYC system builds on the previously supplied KYC solution provided to MTN, a South
Africa based multinational mobile telecommunications company, and the health registration system for
QProxim in Nigeria. Since the system has been suc cessfully launched and is proven, it will be marketed
globally throughout the ever expanding biometrics and KYC sector.
Tobacco Farmers Management System
Novateqni also delivered Phase 1 of the biometrics enabled Farmers Management System (“FMS”) which
is used in the Tobacco industry in Malawi to a llocate and track crop production as well as license farmers
to produce a specific quota of tobacco. Tobacco produc tion is one of the biggest exports of Malawi.
Phase 2, which will include track and trace of the cr op from production to auctioneers, will commence in
the next couple of months followed bv the incorpor ation of a payments module. The cloud based FMS
system has a number of applications within the agri cultural and similar regulated sectors. Marketing of
the system will now commence in other countries for va rious agricultural applications as well as for use
in the cannabis industry.
Gerhard Mynhardt, CEO of Novateqni stated , “We are very pleased to have completed development
of our elections technologies and excited about ou r relationship with Novus Holdings Ltd for the
marketing of these products. Other partners will also be signed up to promote and market biometrics
identification solutions”.
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About Novateqni
NovaTeqni is a technology based company that is focusing on biometrics and financial technologies.
Using its management experience and developed inte llectual property, NovaTeqni provides solutions and
products for voter validation, voter registration, financial transactions and biometric identification
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].
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 and information concerning the anticipated rollout and marketing of the
Company’s products and marketing and further develop ment of the Farmers Mangement System. The forward-
looking statements and informatio n are based on certain key expectati ons and assumptions made by the
Corporation, including expectations and assumptions concerning the business of the Corporation. Although the
Corporation believes that the expecta tions 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 rollout and market the Company’s products and market and further
develop the Farmers Mangement System. Readers are c autioned 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.