Mr. Adam Zaghloul reports

NTG CLARITY ANNOUNCES WORK VALUED AT $14.6M CAD

NTG Clarity Networks Inc. has received new purchase orders and contracts totalling approximately $14.6-million from existing customers in the financial, IT (information technology) and telecom sectors. The purchase orders and contracts are expected to have gross margins in line with historical margins.

NTG enters the new year in a strong position, capitalizing on the massive opportunities created by Saudi Arabia's Vision 2030 plan and its related digitization initiatives. With over 20 years of experience in the Saudi market, NTG's commitment to quality continues to earn larger and longer-term contracts from loyal customers.

In the last while, NTG has won:

• $11.6-million in renewals across multiple purchase orders and contracts to provide offshore and on-site software development services:
  • Many of these renewals represent an increase in the number of resources contracted as the company's customers increasingly trust NTG to deliver their digital transformation road maps;
• $2.2-million in new work and renewals across multiple purchase orders to provide offshore and on-site software development services:
  • This represents a subset of purchase orders expected to be billed against previously announced contracts, including the $53-million three-year contract announced in August, 2024, as work on these engagements continues and ramps up;
• $800,000 across multiple purchase orders to provide licensing, customization and support to the company's NTGapps platform for existing customers in the telecom and IT sectors, showing continued growing demand for NTG's software product suite.

These orders increase NTG's backlog of unbilled purchase orders and contracts on hand as of Dec. 31, 2024, as well as any contracts and POs announced since then, to approximately $105-million, reinforcing the company's strong position for sustained profitable growth.

"We continue to see our clients renew and expand their contracts -- clear evidence of their deep trust in NTG and the recognition of the value we provide as a part of their long-term digital strategy," said Adam Zaghloul, vice-president of strategy and planning at NTG Clarity. "Our unwavering commitment to high-quality service at competitive prices continues to exceed expectations, driving both retention and expansion. By consistently adapting to our clients' evolving needs, NTG is not only strengthening existing relationships but also attracting new clients and securing major contract wins, accelerating our growth."

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 IT solutions to large enterprises, including financial institutions and network service providers. More than 1,000 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

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