Helix Applications Inc. provided an update with regards to the CitizenOS Project, which is a smart cities initiative it joined with Xinova, LLC (‘Xinova') and Interbit Ltd. As described in the Company's November 29, 2018 press release announcing it had joined the CitizenOS venture (the ‘Venture'), Helix is the technology and application developer for the Venture. The Venture has entered into a letter of intent with Tomo Spaces Inc. (‘Tomo'), developer of River Market, located in New Westminster, British Columbia, regarding collaboration in a pilot project involving data analysis and whether increased community engagement can have an impact on commerce. This project represents a particularly exciting opportunity for the CitizenOS Project and represents the first customer for the Venture.

Launch of this project is subject to execution of more definitive documentation between the Venture and Tomo, which the parties are currently working towards. The Venture also has ongoing discussions with a number of other groups and cities in Asia, Europe and the United States.