Ms. Kristine Lewis reports

NTG CLARITY ANNOUNCES POS VALUED AT APPROXIMATELY $3.94 MILLION CAD

NTG Clarity Networks Inc. has received multiple purchase orders (POs) and one resource agreement contract. The POs are from existing customers for renewal of services. The resource agreement is for new resources for a new customer in the Middle East.

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

• A one-year renewable agreement with an estimated value of $2.35-million. NTG will provide technical resources to this new customer in the real estate finance sector in the Middle East. The estimated cost of delivery is $1.6-million.
• The following business-as-usual renewals over the last few months:
  • A one-year PO renewal for $1,066,000 to provide a technical resource to an existing customer in the finance sector in the Middle East.
  • A one-year PO extension for $222,000 for technical resources for an existing telecommunications customer in the Middle East.
  • A one-year extension for $194,000 for professional services for an existing telecommunications customer in Canada.
  • A PO for $101,000 to continue product support/upgrade for an NTG product in a telecommunications customer in the Middle East.
  • A one-year extension for $7,000 for a product implementation for an existing telecommunications customer in the Middle East.

The value of these POs/agreements, added to the estimated $20.95-million of POs on hand at the end of December, 2022, brings our backlog to almost $24.89-million in unbilled amounts.

"We are excited to continue 2023 with a strong position, and we are confident that our strong existing customer base and the addition of a new customer in the financial sector will solidify us as a key provider in this substantial market," explained Kristine Lewis, president of NTG Clarity. "As always, we remain committed to providing quality services and innovative solutions that enable our customers to meet their objectives."

About NTG Clarity Networks Inc.

NTG Clarity's vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT (information technology) and network-enabled application software solutions to network service providers and large enterprises. More than 500 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

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