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NTG Clarity Networks Inc
Symbol NCI
Shares Issued 147,972,355
Close 2023-08-21 C$ 0.035
Market Cap C$ 5,179,032
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NTG Clarity Networks leases office space in Cairo

2023-08-21 17:22 ET - News Release

Ms. Kristine Lewis reports

NTG CLARITY EXPANDS ITS OFFSHORE FACILITIES IN EGYPT TO ACCOMMODATE ITS GROWING BUSINESS

NTG Clarity Networks Inc. is expanding its offshore facilities with the signing of lease for new office space situated along the picturesque Nile in Cairo. This strategic move not only demonstrates NTG Clarity's commitment to provide to its employees and customers the best state-of-the-art working environment but also solidifies its position as a leader in the technology sector.

The newly secured office, located in a well-established and vibrant part of Cairo, is poised to become NTG Clarity's flagship offshore resource campus. Boasting ample space to accommodate up to 120 staff members, the facility has been designed with the future in mind, featuring the potential for expansion across two additional floors that could accommodate an impressive 300 more personnel.

Equipped with two redundant electrical power sources and an electrical generator, the facility ensures a 24/7 up-time to support the company's customer needs and the different time zones it works with, guaranteeing seamless productivity.

"By establishing this central hub on the Nile, NTG Clarity has strategically positioned itself to tap into a diverse talent pool from all corners of Cairo. Combined with existing campuses in Haram and Maadi, we now boast a large and expanding presence in the east, west and central regions of the city," said Kristine Lewis, president of NTG Clarity. "These three locations not only strengthen NTG Clarity's capacity to attract and retain top-tier talent, but also enhances our agility in delivering cutting-edge solutions to clients worldwide."

Renovation of the new office space is in progress, with completion expected within the next six weeks. The official launch of the facility is slated for October, 2023, with approximately 30 new staff resources set to embark on their roles from the office.

The first batch of staff stationed at the new office will be dedicated to projects stemming from the $10.7-million frame agreement announced in April, 2023. The office will also play a crucial role in fulfilling a substantial portion of the $6-million in purchase orders announced in July, 2023. This marks a significant step forward in translating these agreements into tangible and impactful solutions for NTG's diverse clientele.

NTG Clarity continues to push the boundaries of innovation while fostering an environment that nurtures talent and propels the company toward even greater heights. The Nile office stands as a testament to NTG Clarity's unwavering commitment to excellence, growth and customer-centric solutions.

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, information technology 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.

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