Novateqni WINS Long Term Supply Agreement FOR Solar Systems with the United Nations Development Programme (“Undp”)
NOVATEQNI WINS LONG TERM SUPPLY AGREEMENT FOR SOLAR SYSTEMS WITH
THE UNITED NATIONS DEVELOPMENT PROGRAMME (“UNDP”)
April 10, 2018 – Calgary, Alberta NovaTeqni Corporation (“ NovaTeqni” or the " Company") (TSXV - NTQ:
OTCQB - NVTQF) is pleased to announce that it has been awarded a two year Long Term Agreement for the
provision of turnkey Photovoltaics (PV) solar power systems to the UNDP, specifically for smaller home
lighting systems as required for a number of countries around the world. The Company was one of a select
few who was chosen as a global supplier for this product.
Gerhard Mynhardt states, “NovaTeqni has supplied thousands of solar power packs to the United Nations
over the past years . O ur new ly designed robust SP110 solar system, on which our previously announced,
NovaTeqni designed, off grid solar power solution called NovaVOLT i s based, is ideal for this requirement.
Our system has a 60 watt solar panel with mountings to withstand winds up to 120km/h. The integrated
battery pack provides more than 2,000 recharge cycles. The system was designed by NovaTeqni for long-term
reliability and high performance. Along with the solar power system, Novateqni designed bright LED lights to
provide 800 lumens per light which is approximately the same as with a 60 watt incandescent light bulb with
very low energy usage . This level of brightness is far superior to that of first -generation home solar systems
on the market that have LED lights of less than 300 lumens which is dimmer than a 3 watt incandescent bulb.
The high capacity batteries we use easily provide lighting for a small multi -room household for a night with
substantial surplus capacity remaining if necessary.
There are hundreds of millions of households without electricity globally. NovaTeqni is addressing this
urgent and significant need with a new range of off -grid solar power solutions including pay as you go
functionality based on blockchain technology and token transfers.”
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, b y
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 an d 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 th e long term supply agreement for
the solar systems with the United Nations Development Programme. Although the Corporation believes that the expectations and assumptions
on which such forward -looking statements and information are based are reasonable, u ndue 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 uncertai nties, 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 limit ed to, the Corporation's
expectations and assumptions concerning the long term supply agreement for the solar systems with the United Nations Development Programme
and the ability to complete and fulfill the obligations and succeed in the rollout under the supply agreement. 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 fo rward-looking
information, whether as a result of new information, future events or otherwise, except as required by applicable law.
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