NovaTeqni Receives Request For Proposal For Blockchain Solution

10/05/17 08:10 AM EDT


Calgary, Alberta / TheNe wswire / October 5, 2017 – NovaTeqni Corporation (“ NovaTeqni ” or the " Company ") (TSXV - NTQ: OTCQB - NVTQF) is pleased to announce that the first version of the blockchain Farmers Management System is being proposed to an African country that requested that the Company submit a proposal based on the success of the system in Malawi.

Representatives flew to South Africa to see a demonstration of the Farmers Management  System in operation and requested a formal proposal submitted as soon as possible.


The Farmers Management System originally launched in Malawi, includes government quality biometrics, fixed offices, wireless and land line communications, cloud based computing, and mobile biometrics systems.   Farmers were issued secure contactless smart cards containing biometrics data to allow instant identification. The system contains administrative functionality such as financial reporting and crop related reporting which led to an improvement in efficiency and capability within the important farming sector

The new blockchain based system will be customizable to work for different standard and non-standard product applications such as Know Your Client, student registration, access control, time and attendance, health plans, driver’s licences, voter validation, voter registration, and money transfers.

The newly proposed Farmers Management System will have distributed ledger smart contracts (blockchain) as the core of its technology.  The Blockchain Farmers Management System is a practical example of where blockchain can be used and be monetized.

Further to the Company’s press release dated October 3, 2017, the Company has secured a non-dilutive funding partner.

 Gerhard Mynhardt, CEO of Novateqni stated , “Blockchain is the perfect application when it comes to Farmers Management systems. Having this opportunity is just another affirmation that we are on the right track. We see only growth in this area for other applications.”


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 Virginia Beach, Virginia, development offices 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 .

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 proposed blockchain   Farmers Management System. 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 rollout the blockchain Farmers Management System.  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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