18:22:44 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 147,972,355
Close 2023-07-10 C$ 0.035
Market Cap C$ 5,179,032
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NTG Clarity receives $6M of orders in two months

2023-07-10 17:46 ET - News Release

Ms. Kristine Lewis reports

NTG CLARITY PROVIDES A CORPORATE UPDATE FOR WORK VALUED AT OVER $6 MILLION CAD

NTG Clarity Networks Inc., over the past two months, has received 28 purchase orders (POs) for course of business work. This includes POs issued under a three-year professional services supply agreement announced in April, 2023.

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

  • a PO for $1.75M to provide technical resources to an existing customer in the finance sector in the Middle East. This 9-month PO is 40% new work and 60% renewals.
  • 4 POs for $943K to provide technical resources to a new customer in the telecom sector in the Middle East.
  • 4 POs for $464K to provide technical resources and product development to 3 new customers in the finance sector in the Middle East.
  • a PO for $50K to provide offshore mobile app development for a new customer in the government sector in the Middle East.

The following business as usual renewals over the last few months:

  • 9 1-year POs for $1.78M to provide technical resources to an existing customer in the finance sector in the Middle East.
  • 2 POs for $400K for product development and support for an existing customer in the telecommunications sector in the Middle East.
  • 2 POs for $309K to provide a technical services and mobile app development for an existing customer in the banking sector in the Middle East.
  • a PO for $237K to provide product development for an existing customer in the telecom sector in the Middle East.
  • 4 POs for $133K to provide a technical services and mobile app development for an existing customer in the telecom sector in the Middle East.

"We are excited to continue the year on a high note with these POs and new work." said Kristine Lewis, President of NTG Clarity. "Our continued success with our existing customers and the addition of new customers in the financial sector solidifies our position as a key player in providing products and services to this large potential market. We are committed to upholding our reputation for professionalism and quality of work in delivering innovative solutions to help its clients achieve their business goals."

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 500 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

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