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Enter Symbol
or Name
USA
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NovaTeqni Corp
Symbol NTQ
Shares Issued 32,236,815
Close 2017-08-04 C$ 0.25
Market Cap C$ 8,059,204
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ORIGINAL: NovaTeqni Receives Custom Biometrics Product Order For The United States Of America

2017-08-08 13:30 ET - News Release

(via TheNewswire)

FOR IMMEDIATE RELEASE

August 8, 2017 / TheNewswire / Calgary, Alberta - NovaTeqni Corporation (" NovaTeqni " or the " Company ") (TSXV - NTQ: OTCQB - NVTQF) is pleased to announce that the company has entered into a manufacturing, development and sales agreement with Mobizent LLC for the manufacturing and sale of the new MobiCHKII (TM) rugged mobile biometrics handheld computer intended for the federal sector in the USA. Additionally, NovaTeqni will also develop and supply the MobiCONNECT(TM) device for Mobizent. These biometrics enabled handheld devices are used within the Law Enforcement, Public Safety, Border Patrol, Corporate Security Operations, Event Security, Refugee Control as well as Health Care sectors.

The MobiCHKII(TM) enables on the spot identification using fingerprints or smart cards.

Mobizent will initially market and sell the MobiCHK (TM) in the United States and in India which is already using biometrics for many applications requiring secure and reliable identification. Mobizent will there after market the MobiCHK (TM) globally. Novateqni will assist with sales by offering the product to it's existing and new customers in Africa. In conjunction with the agreement being concluded, Mobizent has placed the first order for the MobiCHK (TM) and MobiCONNECT (TM) devices which are scheduled for roll-out in the next 60 days.

About Mobizent

Mobizent provides adaptable mobile solutions for the fielded workforce, specializing in Work Order, Ticketing and Mobile Tracking solutions to businesses and local governments throughout the country. We are the mobile solution provider for businesses and governments to interface with their back-end databases and proprietary enterprises to make them more effective and efficient, typically delivering a ROI in less than one year, by using mobile solutions in the field. Mobizent offers mobile biometric solutions for the State & Federal government being used for mobile biometric identification, access control & identification solutions.

Ramesh N. Swamy, CEO and President of Mobizent stated, " We are very pleased to be working with with Novateqni and look forward to expanding this relationship for more products for our current and future customers."

Gerhard Mynhardt, CEO of Novateqni stated , "We are very pleased that Mobizent has selected NovaTeqni to develop and supply the new MobiCHK (TM) mobile biometrics computer. Our extensive experience in developing and supplying biometrics solutions was a key factor. We see significant potential for this product in many public and corporate sectors in North America as well as in other countries. We are looking forward to a long relationship with Mobizent and to developing and providing further innovative identification solutions to Mobizent."

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 and information concerning the manufacturing, development and sales agreement with Mobizent. 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 within the manufacturing, development and sales agreement with Mobizent. 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.

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