After securing the approval of shareholders, tech company NoviqTech (ASX: NVQ) has made its debut as an ASX-recognised name as part of its rebrand from TYMLEZ Group (ASX: TYM) to better reflect a new strategic direction that ties blockchain tech with sustainability tech.
The rebranding is an expansion into the realm of carbon emissions reporting which NoviqTech sees as an opportunity to reshape the digital ledger technology (DLT) landscape in Australia and beyond. DLT is more commonly known as decentralised networks that utilise blockchain.
The rebranded identity, NoviqTech which obtained unanimous shareholder approval on 3 October 2023, encapsulates its mission of pioneering “novel and innovative technologies” that promise to be unique industry leaders in supply chain traceability, carbon reporting, and guarantee of origin.
The name reflects the Company’s dedication to providing sustainable, data-driven solutions tailored to meet the demands and opportunities of the digital era.
NoviqTech will continue to operate as a holding company for its subsidiaries, NoviqAI and TYMLEZ, each specialising in distinct domains of DLT, ensuring a diversified and innovative approach to addressing today’s digital challenges.
NoviqAI is aligned with NoviqTech’s sustainability focus, and will provide end-to-end visibility and verification of products and processes across various industries, including food, pharmaceuticals, fashion, and electronics. Leveraging DLT and Artificial Intelligence, NoviqAI will offer supply chain traceability solutions with a strong emphasis on sustainability and carbon emissions reporting.
TYMLEZ will remain within NoviqTech, driving innovative projects aimed at enhancing environmental performance, reducing carbon emissions, and fostering social responsibility. TYMLEZ’s signature offering, Carbon Central, is a platform facilitating carbon reporting and tokenisation, as well as the guarantee of origin for green fuels and resources.
For the Half Year ended 30 June 2023, NoviqTech reported $13k revenue.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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