VANCOUVER, BC, Feb. 1, 2022
/CNW/ -
JEMTEC Inc. (TSXV: JTC) (the "Company") is pleased to
announce that the Ontario SOLGEN has decided to extend the present
agreement beyond the original contracted date of March 31st 2022 for a period of 3
months to June 30, 2022.
In March 2017, Jemtec signed an
agreement with Ontario Ministry of the Solicitor General ("SOLGEN")
to provide electronic monitoring equipment, technology, central
monitoring software and technical services in support of its
electronic Supervision Program. This agreement was for a four-year
term with two optional extensions of up to one year each. In
January 2021, SOLGEN sent the Company
an extension agreement for signature outlining its plan to exercise
its first one-year additional extension until March 31, 2022. In September 2021, SOLGEN put out an RFB for GPS
technology and has indicated that the new program will replace the
Supervision Program described above however a neither a supplier
nor start-up date for the new program have been announced by
SOLGEN.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions. Such forward -
looking statements reflect management's current beliefs and are
based on assumptions made by and information currently available to
the Company. Investors are cautioned that these forward looking
statements are neither promises nor guarantees, and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances.
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 release.
SOURCE Jemtec Inc.