Calgary, Alberta / TheNewswire / April 10, 2018 - 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. Our newly designed robust SP110 solar system, on which our previously announced, NovaTeqni designed, off grid solar power solution called NovaVOLT is 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."
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 firstname.lastname@example.org.
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. The forward-looking statements and information are based on certain key expectations and assumptions made by the Corporation, including expectations and assumptions concerning the 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, 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 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 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.