Mr. Adam Zaghloul reports

NTG CLARITY ANNOUNCES WORK VALUED AT $11.2 MILLION

NTG Clarity Networks Inc. has received new purchase orders (POs) and contract renewals totalling approximately $11.2-million from existing and new customers:

• $1.3-million in new purchase orders for offshore software development services:
  • These POs represent a new project under the previously announced $22-million, three-year contract announced in December, 2024;
• $282,000 in purchase orders from a new telecom client in Oman for licensing, customization and continuing support of the company's NTGapps platform;
• $9.6-million in contract renewals, expansions and related purchase orders, including:
  • $8.2-million in renewed contracts for both offshore and on-site software development services:
    • Several of these renewals include an increase in the number of contracted resources;
  • $1.4-million in new purchase orders for offshore and on-site software development services:
    • These POs represent billings under previously announced agreements, including the $53-million, three-year contract announced in August, 2024, as work continues to ramp up;
  • $62,000 in purchase orders for NTGapps with an existing telecom client.

Included in these POs is $1.3-million attributed to the $22-million, three-year contract announced in December, 2024, for a new project not captured in the original contract. This brings expected first-year billing to approximately $12.4-million -- 69 per cent higher than originally planned -- highlighting both accelerated ramp-up and expanded client scope. The increase reflects the client's growing reliance on NTG's offshore development capabilities and underscores the company's ability to scale efficiently within large enterprises.

The $282,000 in new POs from Oman also marks further expansion into the market and aligns with the country's national digitization initiatives -- similar to Saudi Arabia's Vision 2030. The new customer will deploy NTGapps as a network inventory solution to modernize its asset tracking and management systems.

"We're seeing momentum on all fronts -- accelerated billings on key contracts, strong renewals with increased service commitments and new customer wins in target markets," said Adam Zaghloul, vice-president of strategy and planning at NTG Clarity. "The uplift in Year 1 revenue on our $22-million contract reflects both the client's confidence and the expanding scale of our work. At the same time, our growth in Oman furthers NTG's position as a trusted partner in a region rapidly advancing its digital infrastructure."

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 (information technology) solutions to large enterprises, including financial institutions and network service providers. More than 1,200 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

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