09:31:09 EDT Mon 02 Jun 2025
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc (2)
Symbol NCI
Shares Issued 42,155,658
Close 2024-11-18 C$ 1.15
Market Cap C$ 48,479,007
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NTG receives $10.3-million in new orders

2024-11-18 18:28 ET - News Release

Mr. Adam Zaghloul reports

NTG CLARITY ANNOUNCES WORK VALUED AT $10.3M CAD

NTG Clarity Networks Inc. has received new orders totalling approximately $10.3-million for new work and renewals from new and existing customers in the information technology, telecom, financial and education sectors.

NTG is capitalizing on the immense, long-term opportunity created by Saudi Arabia's transformative push toward digitization and economic diversification -- a historic shift unleashing billions of dollars in investment and fuelling growth for decades to come.

Along with significant macrotailwinds driving new client wins, NTG is generating robust growth from its existing customer base. This growth is underpinned by two key factors: annual contractual escalations and the deepening trust of long-standing clients, which are increasingly awarding NTG a larger portion of their IT budget.

In the past while, NTG has won:

  • $2.05-million in new work across multiple purchase orders to provide offshore and on-site software development services;
  • $7.68-million in contract renewals for offshore and on-site software development services, reflecting customer satisfaction with NTG's services;
  • $574,000 across multiple purchase orders to provide customization and support to its NTG Apps platforms for new and existing customers in the telecom and IT sectors, demonstrating the growing demand for NTG's software product suite throughout its target market.

"This year, we've achieved remarkable success, with our clients renewing at the same or even higher rates. This underscores the deep trust they have in us and the exceptional value they continue to experience on an ongoing basis," said Adam Zaghloul, vice-president, strategy and planning, of NTG. "Our commitment to delivering high-quality service at competitive prices is exceeding client expectations and fuelling growth. By consistently meeting the evolving needs of our clients, we're not just retaining their trust. We're winning over new clients and accelerating momentum with significant new contract wins."

About NTG Clarity Networks Inc.

NTG's vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG has delivered software, networking and IT solutions to large enterprises, including financial institutions and network service providers. More than 950 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

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