00:35:00 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 147,972,355
Close 2023-08-03 C$ 0.045
Market Cap C$ 6,658,756
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NTG Clarity receives $1M of orders in three weeks

2023-08-03 18:44 ET - News Release

Mr. Adam Zaghloul reports

NTG CLARITY PROVIDES A CORPORATE UPDATE FOR WORK VALUED AT OVER $1 MILLION CAD

NTG Clarity Networks Inc., over the past three weeks, has received seven purchase orders (POs) that include POs issued under its three-year professional services supply agreement announced in April, 2023.

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

For new business:

  • 3 POs for $289K to provide technical resources to our new customer in the Government sector. Most of this amount will be consumed and delivered through July and August.
  • a PO for $317K to provide technical resources to a new customer in the Telecom sector in the Middle East.

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

  • 2 POs for $366K to provide technical resources to an existing customer in the finance sector in the Middle East.
  • 1 PO for $46K to provide app development for an existing customer in the telecom sector in the Middle East.

"Following our announcement of strong Q2 results, we are thrilled to witness such robust interest in our offerings, as evidenced by the seven purchase orders received within a short span of time," said Kristine Lewis, President of NTG Clarity. "This achievement reaffirms our dedication to delivering cutting-edge solutions that cater to our clients' evolving needs and requirements."

As NTG Clarity continues to expand its product portfolio and enhance its service offerings, the company remains focused on delivering top-tier solutions and exceeding customer expectations. The recent influx of purchase orders underscores the growing demand for the company's products and services, positioning NTG Clarity for a promising future.

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

We seek Safe Harbor.

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