Yes, Novec is certainly available in a handheld option. Even for a non-buggy off-road rig though, I would recommend their 2 liter (roughly 5 lb) 4Fire AFFF handheld:
HH 4f-2 - Hand Held Fire Extinguisher - 2 Ltr
A Novec system is going to be more expensive to initially purchase and is also more expensive to service or refill after use than a foam option. The 4Fire foam has fire out performance that nearly matches that of Novec but also has the benefits of a foam being that it coats and smothers the fuel source. This particular 2L handheld is also their lowest priced of all the various sizes/agents available so I consider it to be the best bang for your buck. I keep two of these in my steering pump assembly/testing room close to my dyno.
Not an expiration date on the foam, but there are service and expiration dates for on-board and handheld systems which are related to FIA/SFI requirements and/or bottle service life. SFI approved and FIA homolated systems require service every 2 years and bottles have a service life of 5 or 10 years depending on which system/bottle is being used. For the past year I had been authorized to service all SPA Technique AFFF bottles which consisted of discharge, disassembly, inspection, refill/recharge, and a new label. Here's an example of the info found on each bottle:
The main reason for the regular service is not to replace the foam but to inspect everything to check that the siphon tube is still intact and not blocked, that the valve still operates, etc. This also brings me to some points that I see confusion about when it comes to racing organization rule makers time and time again relating to service date requirements.
For instance, I have seen a lot of talk recently about Ultra4's requirements that fire extinguishers have to be serviced within the past year which is illogical in my opinion since proper handheld extinguishers already have a 2 year service date laid out by third party approval agencies. The dry powder Kidde extinguishers from Home Depot are an entirely different story and in my mind, aren't suitable for racing.
I have also heard (granted, this is only hearsay) that the reason on-board systems haven't been made mandatory is that this brings liability upon the racing body. There has been similar debate/misconception among my regional hillclimb racing organization that I compete in. However if the rules are written to require a system be installed in accordance with one of the established standards, for example FIA Technical List 16 or SFI 17.1, then this should theoretically take the liability off of the organizers and also establish required service intervals in one fell swoop.