11:52:47 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 147,472,355
Close 2022-01-04 C$ 0.05
Market Cap C$ 7,373,618
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NTG Clarity receives $930,000 in purchase orders

2022-01-05 09:09 ET - News Release

Ms. Kristine Lewis reports

NTG CLARITY PROVIDES AN UPDATE FOR WORK RECEIVED OVER THE HOLIDAYS, VALUED AT APPROXIMATELY $930K CAD

NTG Clarity Networks Inc. has received four purchase orders (POs) and one contract over the holiday season. These POs are for products and services which will be provided both on the customer premises and offshore in the company's Egypt Offshore Centre.

The breakdown is approximately as follows (based on conversions to Canadian dollars):

  • A contract for $460,000 signed Dec. 23, 2021, for the company's utility billing product. This is for a new customer in the financial sector in the Gulf Region. Work starts immediately and should be completed in four months;
  • A PO for $240,000 to provide technical professional service resources to an existing customer in the telecommunications sector in the Middle East. Work starts immediately and should be completed in four months;
  • A PO for $133,000 for an existing customer in the telecommunications sector in the Middle East to provide a mobile app product. Work starts immediately and should be completed in six months;
  • A PO for $60,000 for NTG's digital wallet product from an existing customer in the financial sector in the Middle East. Work starts immediately and should be completed in one month;
  • A PO for $37,000 to provide technical professional service resources to an existing customer in the telecommunications sector in the Middle East. Work starts immediately and should be completed in four months.

"We are very excited to strongly start the new year by announcing our receipt of these POs. We are committed to upholding our reputation for professionalism and quality of work. This is reflected in the new/renewed work from our existing customer base. The acquisition of a new customer in the financial sector also shows how we are continuing to establish ourselves as a key player in providing products and services to this large potential market," said Kristine Lewis, NTG Clarity's president.

About NTG Clarity Networks Inc.

NTG Clarity Networks' vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network-enabled application software solutions to network service providers and large enterprises. More than 275 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

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