23:29:38 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
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NTG Clarity Networks Inc
Symbol NCI
Shares Issued 188,000,000
Close 2024-03-13 C$ 0.05
Market Cap C$ 9,400,000
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NTG Clarity Networks puts NTGapps to work in Iraq

2024-03-13 17:51 ET - News Release

Mr. Adam Zaghloul reports

NTG CLARITY ANNOUNCES FOUR NEW NTGAPPS IMPLEMENTATION PROJECTS IN NEW MARKET

NTG Clarity Networks Inc. is excited to have signed onto four projects for the licensing and implementation of its NTGapps platform.

In recent years, NTG Clarity has been developing NTGapps. NTGapps is a powerful low-code development tool that offers rapid application development by users who need no knowledge of software development languages. Plug-and-play templates allow users to create their own business operation tools like human resources, CRM (customer relationship management), asset management and many more. The projects are as follows:

  • Two separate projects to implement end-to-end enterprise resource planning (ERP) systems;

  • One project to implement a payroll platform for enterprise human resources use;

  • One project to implement a mobile app to support billing, collections and meter reading for a utilities operator.

This is the same utilities operator with whom the company implemented a previously announced water utility billing solution. This is an expansion to that solution.

It is important to note that all of these projects are with customers based in Iraq. NTG has not historically operated in Iraq; however, in recent years, Iraq has been a rapidly growing emerging market in need of technology and software to help them meet their growth goals. NTG Clarity has a partnership with an Iraqi company that brings NTG products and services to the growing Iraqi market. This partnership is the driver behind NTG's growing presence in Iraq.

Alongside the technical and business functions of NTGapps, global companies value the high level of localization with built-in multilanguage support for English and Arabic, as well as many other languages. In addition to licence fees, these projects will give NTG recurring revenue for maintenance and support. Financial information for these projects will be discussed in separate release(s).

"It's great to see growing traction for our NTGapps platform in such broad enterprise use cases," said Ashraf Zaghloul, chief executive officer of NTG Clarity. "With our software offerings gaining ground in new markets, and our outsourcing offering showing record growth, we're on our way to being a worldwide go-to provider of software and outsourcing services."

About NTG Clarity Networks Inc.

NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking and information-technology solutions to large enterprises including financial institutions and network service providers. 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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