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NovaTeqni Corporation Prepares Shipment to Burkina Faso for United Nations Population Fund

Tickers: XTSX:NTQ
Tags: Technology

August 17, 2018 / TheNewswire / Calgary, Alberta - NovaTeqni Corporation ("NovaTeqni" or the "Corporation") (TSXV: NTQ) is pleased to report that production of its cellular based mobile management system and mobile Census Interview devices for the United Nations Populations Fund ("UNFPA") was completed and will shortly arrive in Burkina Faso where the products will be deployed and used for digital census data collection. As previously announced, the value of the contract for the supply of the cellular based mobile management system and mobile Census Interview devices was US$2,300,000.

Gerhard Mynhardt, CEO of Novateqni stated: "We are very pleased to be able to fulfill the UNFPA order as anticipated and are also pleased to have established a strong presence within the census solution sector. This adds to our solutions for elections technologies covering field based voter registration, election day voter validation, eVoting and ballot form scanning as well as result reporting."

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 anticipated delivery of the cellular based mobile management system and mobile census interview devices for Burkina Faso. 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. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: the Corporation's expectations and assumptions concerning the business of the Corporation and the anticipated delivery of the cellular based mobile management system and mobile census interview devices for Burkina Faso; general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive..

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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