Powerband Introduces Syngrafii Digital Signatures and Video Signing for Consumers and Automotive Dealers

September 21, 2020

E-signature platform will be available under PowerBand’s Brands DRIVRZ Canada and DRIVRZ US

VANCOUVER, British Columbia (September 21, 2020) — PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) (“PowerBand“, “PBX” or the “Company”) is pleased to announce that today it has entered into an agreement with Syngrafii Inc. (“Syngrafii”) to allow consumers to safely and quickly sign automotive leases and other documents on PowerBand’s virtual transaction platform.

PowerBand will initially introduce the Canadian-made Syngrafii signature system on PowerBand’s Canadian division, DRIVRZ Canada, and later expand it to DRIVRZ US, allowing consumers and automotive dealers to buy, sell, lease, trade and finance vehicles as easily as buying a product on Amazon. PowerBand’s transaction platform, being trademarked under the brand DRIVRZ, will be made available in Canada, the United States and global markets. The initial term of the agreement is one year with automatic annual renewal options. PowerBand will pay a standard commercial fee to Syngrafii for each transaction completed utilizing Syngrafii’s technology.

Syngrafii is unique in the industry because its patented e-signature platform allows for the world-wide use of wet signatures, complete auditing of signatures and video recording during a signature, to ensure the security of all digital transactions.

“Our partnership with Syngrafii adds another easy-to-use tool to meet PowerBand’s goal of offering consumers a secure and efficient way of buying, selling and leasing a car or truck from a smart phone or any digital device, from any location,” said PowerBand CEO Kelly Jennings. “With Syngrafii, a Canadian-made technology now being widely adopted by companies in the digital transaction space, we will be bringing a new level of security and simplicity to e-transactions in the automotive sector.”

With its proprietary Video Signing Room ™ (“VSR”), iinked Paper ™, LongPen® and electronic signature solutions, Syngrafii enables PowerBand users to virtually execute the documents to purchase a vehicle in real-time. This integrated solution allows PowerBand to manage all transactions in a connected world, anywhere, anytime and securely. The Syngrafii Compliance Engine and Transactional MasterFile offers best-in-class security, compliance and nonrepudiation while ensuring regulatory compliance and consumer protections not found in other platforms.

“We are delighted to be part of the digital transformation that PowerBand is bringing to the automotive sector,” said Syngrafii CEO and founder Matthew Gibson. “Our signature technology and VSR brings a security and compliance standard that is second to none to the consumers and automotive dealerships using PowerBand to buy, sell, lease, trade and finance their automobiles.”

About PowerBand Solutions Inc.

PowerBand Solutions Inc., listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry.  PowerBand’s integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, funders and manufacturers (OEMs). It enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform — being trademarked under DRIVRZ — is being made available across North American and global markets.

About Syngrafii

Syngrafii Inc. was originally founded by renowned author, Margaret Atwood, and Matthew Gibson in 2003 with a mandate to design and build the LongPen®. The company grew from that base and developed a Patent Portfolio consisting of 11 families with over 45 granted and pending applications for Video Signing Room™, iinked Paper™ and LongPen®. Syngrafii released in May version 2.0 of its software after 11 different upgrades to Version 1.0. Version 2.2 was released in September. The Syngrafii Signature Platform currently operates in English, French and Spanish and new languages are being added regularly. New product features are added monthly either drawn from an internal technology map or in response to client needs. For Virtual Disclosure details on Syngrafii’s IP click here.

For further information, please contact:

Richard Goldman, VP Corporate Development
P: 1-866-768-7653


This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

Latest News