:00 AM ET 6/26/19 | GlobeNewswire
1:06 PM ET 6/26/19
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Bravatek Partnership with Mani Group, LLC. Signs First Purchase
AUSTIN, Texas, June 26, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Bravatek Solutions, Inc. (OTC Pink: BVTK) (“Bravatek” or the “Company”) announced that its alliance partner Mani Group, in conjunction with Bravatek, will begin to train and install the initial high tech RainPal irrigation control systems in Dubai. This initial order represents over $100,000.00 in revenues for Bravatek, with an estimated, according to the customer, of an addition $400,000 in follow-on orders with less than six months, with a total projected revenue of about $4.3 M with a year’s time.
Mani Group used a “white label” or OEM (Original Equipment Manufacturer) agreement for their Rainpal smart weather-based irrigation controller with Desert Group in the United Arab Emirates. They are one of the leading irrigation firms in Dubai. Mani Group developed the smart weather-based irrigation controller and also developed a cloud-based weather and server platform for Desert Group that provides the weather data to all of the UAE and other Middle Eastern countries for better irrigation management.
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically advanced, cost-effective and reliable software, tools and systems.
For more information, visit https://bravatek.com
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully develop and market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Bravatek Solutions, Inc.
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June 26, 2019 09:00 ET (13:00 GMT)