Vancouver, British Columbia--(Newsfile Corp. - April 29, 2021) - Tevano Systems Holdings Inc. (CSE: TEVO) (FSE: 7RB) ("Tevano", or the "Company"), announced today a strategic partnership with Nevatronix, a market leader in the design, development and scaled production of next-generation electronics solutions.
The partnership will see Tevano and Nevatronix collaborate closely on the design and production of new, cutting-edge, digital kiosk-based technology concepts and products, developed to meet emerging trends across industry sectors that include: fintech, gaming and retail.
Founded over 25 years ago, US-based Nevatronix is Headquartered in Las Vegas, Nevada. The company's 75-strong workforce operates from a 70,000 ft2 state-of-the-art facility designing and delivering new and highly-innovative digital kiosk and technology hardware concepts for a global client base.
Watch video about Nevatronix here: https://www.tevano.com/partners/
"The industry credibility, experience and priority access to extensive design, development and manufacturing infrastructure that comes with our close strategic relationship with Nevatronix cannot be underestimated," said David Bajwa, CEO of Tevano. "Having the ability to develop strong IP, successfully manage supply chains and deploy cutting-edge solutions - at pace - to meet shifting markets and business trends, has incredible value for Tevano as we go forward. We're thrilled to be working hand-in-hand with Nevatonix and believe our stakeholders will come to view this as a key partnership as it helps fuel our Company's growth and development."
As Founder & CEO of Nevatronix, Ara Tcholakian has worked closely with Tevano's executive team since the Company's inception, bringing over two decades of industry expertise and extensive IP knowledge to the development of Tevano's debut product, the Health Shield™ temperature scanning device.
Ara said of the partnership, "I'm very excited for us to build on what Nevatronix has already been able to achieve with Tevano. I believe Tevano has enormous potential for exponential growth with its Health Shield device and the growing line of innovative products it has in advanced stages of R&D. We're seeing shifts in consumer behaviours that are supporting dramatically increased use of screen-based technologies and this is only going to grow the markets Tevano is able to successfully address going forward."
About Tevano
Tevano is the developer of cutting-edge electronics products that provide innovative solutions to business and consumer challenges.
It is the creator of Health Shield™, an innovative AI-driven electronic device that provides instant body temperature scanning and notifies users if they need to wear a face mask. Health Shield™ devices can be placed at all entrances that patrons and/or employees use to again access to buildings. The Health Shield™ device is supported by a cloud software solution that can be used to manage multiple devices and provide detailed reporting and analysis.
Tevano benefits from an equity-based relationship with kiosk and screen-based technology leader, Nevatronix. Management believes the relationship provides Tevano with access to highly robust supply chains and gives the company a unique capacity to react to and service evolving commercial markets for innovative screen-based technologies.
For more information, please visit www.tevano.com.
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About Nevatronix
Nevatronix is a world-class, UL Listed and ISO 9001:2015 certified fully integrated electrical engineering, manufacturing and digital design studio. One of the very few domestic electronics companies with vertically integrated processes such as precision sheet metal fabrication, machining, wire harnessing, circuit boards, 3D Printing along with electro-mechanical assembly and supply chain management, all under one roof. Located in a 70,000 square foot facility utilizing state-of-the-art technology, equipment, and processes. A highly skilled and experienced engineering, design, manufacturing, and assembly staff provide a wide range of technical capabilities that have created industry-leading, first-to-market products, which often give customers an industry edge. Currently served industries: Kiosks, Aerospace, Amusement, BillPay, Cryptocurrency, Customer Loyalty, Digital Signage, Gaming and Slot Machine, Recycling, Smart Safe, Sports Wagering, Telehealth, Valet Parking, and Vending. Customers include William Hill, Western Money Systems and other Apollo Global Equities-owned self-service companies. Nevatronix-made gaming products can be seen on the floors of MGM, Wynn and a multitude of other leading casinos around the world. Other self-service Nevatronix-made kiosks can be found at Walmart and Kroger stores across the US and other major retailers within the US and Europe.
On behalf of the Board of:
TEVANO SYSTEMS HOLDINGS INC
David Bajwa, Chief Executive Officer
davidb@tevano.com
778 388 4806
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and matters. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company 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 since no assurance can be given that they will prove to be correct.
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