22:42:21 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 36,115,891
Close 2015-11-30 C$ 0.22
Market Cap C$ 7,945,496
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NTG Clarity signs frame deal with Gulf customer

2015-12-01 09:29 ET - News Release

Mr. Ashraf Zaghloul reports

NTG CLARITY SIGNS A FRAME AGREEMENT FOR FTK ASSIGNMENTS

NTG Clarity Networks Inc. has a signed a frame agreement for turnkey assignments with a global specialist in mobile broadband in the Gulf area. Under the agreement, NTG will provide turnkey services for the build, installation and commissioning of telecom sites and telecom equipment.

NTG has received the first work orders under this agreement. The value of the current orders is approximately $200,000 and will be completed by mid-December, 2015. NTG expects to receive subsequent orders in early December and anticipates increasing volume with this customer in 2016.

"During 2015, we have been working hard to diversify and expand our customer base and to establish NTG as a leading provider of quality telecom software products and services in the Gulf region. The signing of this frame agreement with this prestigious global customer and the signing of the frame agreement with the telecom service provider announced last week continues to expand our revenue base and reflects the increasing satisfaction and confidence of our customers with regards to our extensive experience in the telecom industry," said Ashraf Zaghloul, NTG Clarity's chairman and chief executive officer.

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