10:07:52 EDT Mon 02 Jun 2025
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NTG Clarity Networks Inc (2)
Symbol NCI
Shares Issued 42,393,658
Close 2025-04-29 C$ 1.64
Market Cap C$ 69,525,599
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NTG Clarity Networks receives $11.1M in purchase orders

2025-04-30 11:01 ET - News Release

Mr. Adam Zaghloul reports

NTG CLARITY ANNOUNCES WORK VALUED AT $11.1 MILLION

NTG Clarity Networks Inc. has received three purchase orders (POs) against the master service agreement previously announced in December, 2024, estimated to be worth $22-million over three years.

The $11.1-million, across three one-year POs, is for a mix of offshore and on-site software development services. These POs represent an approximately 50-per-cent increase over the anticipated service levels for the first year of work related to the $22-million agreement, for which work began in January, 2025.

As digital transformation work related to Saudi Vision 2030 continues to accelerate, NTG is seeing continued renewals of contracts for larger engagements over longer periods of time.

"The growing demand for our services is clearly reflected in these expanded purchase orders," said Adam Zaghloul, vice-president of strategy and planning at NTG Clarity. "Clients are seeing real business impact from our work, and that success is fuelling both the size and number of projects they entrust to us. It's incredibly rewarding to see the results we're delivering translate into accelerated growth for both NTG and our partners."

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 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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