NovaTeqni Receives Order from Vodacom Subsidiary Xlink

November 19, 2015 3:56 PM EST | Source: NovaTeqni Corporation

Calgary, Alberta--(Newsfile Corp. - November 19, 2015) - NovaTeqni (TSXV: NTQ) is pleased to announce that an order has been placed by Vodacom via its subsidiary, Xlink. The Company has received a purchase order for 6,500 smart metering consoles to be delivered over the next five (5) weeks. The smart metering home console allows consumers to monitor electricity consumption and to place an order online for additional prepaid electricity. The console also provides remote load switch capability to turn electricity on and off and will also provide a wifi hotspot for internet access if necessary.

President/CEO Gerhard Mynhardt stated "We are very excited as we have been working closely with Vodacom and Xlink on various projects over the past year and see this great working relationship moving forward in the area of KYC "Know your Client" and Biometrics."

With respect to other activities, after introducing our product line at the "Money 20/20 show in Las Vegas last month, NovaTeqni has been busy moving forward with interested parties to provide its products as well as custom applications for their particular needs. NovaTeqni is currently in discussions with several companies in North America regarding payment technology as well as biometric applications.

About Vodacom

Vodacom is an African mobile communications company, providing voice, messaging, data and converged services to over 55 million customers. From its roots in South Africa, Vodacom has grown its operations to include networks in Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho and provides business services to customers in over 40 African countries such as Nigeria, Zambia, Angola, Kenya, Ghana, Côte d'Ivoire, and Cameroon. It is owned on a 50:/50 basis by the South African telecommunications group Telkom and the British mobile phone operator Vodafone.

About NovaTeqni

NovaTeqni is a technology based company that is focusing on biometrics and secure payment 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 the 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.

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