Outlook
Subsequent to the end of the first quarter the Company announced that it had won a tender worth approximately
US$2,300,000 for the supply of a cellular based mobile management system to be used for digital census data
collection in Burkina Faso. The Company anticipates completing the project within three and a half months.
As previously reported, NovaTeqni is executing its strategy to develop and include standard products in its range of
revenue earning solutions to reduce the reliance on tenders. The Company is on track to achieve its goal of being
production ready with the first two standard products by the end of Q2 2018. Standard products for a high growth
North American sector are included in the focused range of products currently being completed. It is planned to
commence marketing once the products are within a month of being production ready, with beta prototypes used for
marketing purposes.
The Company has developed a demonstration ready off grid solar power solution for remote locations which will
provide electricity to villages in Africa. The Company plans to roll-out the system in the 4th quarter of 2018.
In spite of the current focus on standard products, the Company will continue undertaking special projects which
include Request for Proposal based projects, as well bespoke solutions as requested.
NovaTeqni is still in the running with regards to some Request For Proposal based opportunities and the Company is
continuing to bid on other tender based projects
