Ms. Kristine Lewis reports

NTG CLARITY PROVIDES A CORPORATE UPDATE, RECEIVES FOUR POS FOR WORK VALUED AT $1.5M CAD

NTG Clarity Networks Inc. has received four new purchase orders (POs). These POs are for $1.5-million in new work for two new customers and two existing customers in the financial, telecom, and food and beverage sectors.

Continuing the company's trajectory of growth, these POs solidify the company's commitment to enhancing its professional services portfolio and diversifying its product sales across various sectors in the Middle East. The breakdown of the work is as follows:

$1.5-million in new work in the Middle East:

• $1.1-million to provide offshore IT (information technology) professional services for three months for an existing customer in the financial sector;
• $350,000 to provide on-site IT professional services for 12 months for a new customer in the financial sector;
• $60,000 to provide on-site IT professional services for four months for an existing customer in the telecom sector;
• $15,000 to provide an annual licence for the company's NTGapps software platform for a new customer in the food and beverage sector.

"We are excited about our continued growth in the Middle East market," said Kristine Lewis, president of NTG Clarity. "These recent POs totalling $1.5-million highlight our focus on expanding both our professional services and product sales. NTG Clarity remains dedicated to leveraging the growing opportunities in the region while diversifying our offerings across sectors."

Corporate update

The company would also like to take this opportunity to announce the release of an updated investor presentation, which can be found on the shareholder page of the company's website.

In this updated presentation, the company lays out its strategy for continued growth in the Middle East market as well as release revenue projections for 2023 with an estimated $27-million in revenue.

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.

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