Mr. Gerhard Mynhardt reports

NOVATEQNI PROVIDES CORPORATE UPDATE

NovaTeqni Corp. is providing the following 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 modified to be used in the biometrics identification sector. More than 50 international elections will take 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 strategic 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 Ltd., a subsidiary of Naspers, commenced with the partnership for the successful supply of elections technologies in Liberia. Novus provided support, financing 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 successfully 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 allocate and track crop production as well as license farmers to produce a specific quota of tobacco. Tobacco production is one of the biggest exports of Malawi. phase 2, which will include track and trace of the crop from production to auctioneers, will commence in the next couple of months followed bv the incorporation of a payments module. The cloud-based FMS system has a number of applications within the agricultural and similar regulated sectors. Marketing of the system will now commence in other countries for various agricultural applications as well as for use in the cannabis industry.

Gerhard Mynhardt, chief executive officer of NovaTeqni, stated: "We are very pleased to have completed development of our elections technologies and excited about our 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."

About NovaTeqni Corp.

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 identification solutions. Using its platform of products, NovaTeqni can provide clients with custom solutions for their particular industry.

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