NCI:CC - NTG Clarity Provides a Corporate Update for Work Valued at Over $1 Million CAD
(TheNewswire)
Toronto, ON - TheNewswire - August 3, 2023 - NTG Clarity Networks Inc. (TSX.V:NCI); NTGClarity is pleased to announce that over the past 3 weeks, it hasreceived 7 purchase orders (POs) that includes POs issued under our3-year Professional Services Supply Agreement announced in April2023.
The breakdown is approximately as follows (based onconversions to CAD). For new business:
-
3 POs for $289K to provide technical resources to ournew customer in the Government sector. Most of this amount will beconsumed and delivered through July and August.
-
a PO for $317K to provide technical resources to a newcustomer in the Telecom sector in the Middle East.
The following business as usual renewals over the lastfew months:
-
2 POs for $366K to provide technical resources to anexisting customer in the finance sector in the Middle East.
-
1 PO for $46K to provide app development for anexisting customer in the telecom sector in the Middle East.
“Following our announcement of strong Q2 results, weare thrilled to witness such robust interest in our offerings, asevidenced by the seven purchase orders received within a short span oftime,” said Kristine Lewis, President of NTG Clarity. "Thisachievement reaffirms our dedication to delivering cutting-edgesolutions that cater to our clients' evolving needs andrequirements."
As NTG Clarity continues to expand its productportfolio and enhance its service offerings, the company remainsfocused on delivering top-tier solutions and exceeding customerexpectations. The recent influx of purchase orders underscores thegrowing demand for the company's products and services, positioningNTG Clarity for a promising future.
About NTG Clarity NetworksInc.
NTG Clarity Networks’ vision is to be a global leaderin providing networking solutions. As a Canadian company establishedin 1992, NTG Clarity has delivered networking, IT and network enabledapplication software solutions to network service providers and largeenterprises. More than 600 IT and network professionals providedesign, engineering, implementation, software development and securityexpertise to the industry’s leading enterprises.
Forward Looking Information
Certain statements in this release, other thanstatements of historical fact, are forward looking information thatinvolves various risks and uncertainties. Such statements relating to,among other things, the prospects for the company to enhance operatingresults, are necessarily subject to risks and uncertainties, some ofwhich are significant in scope and nature.
These uncertainties may cause actual results to differfrom information contained herein. There can be no assurance that suchstatements will prove to be accurate. Actual results and future eventscould differ materially from those anticipated in such statements.These and all subsequent written and oral forward-looking statementsare based on the estimates and opinions of the management on the datesthey are made and expressly qualified in their entirety by thisnotice. The Company assumes no obligation to update forward lookingstatements should circumstances or management's estimates or opinionschange.
The TSX Venture Exchange does not accept responsibilityfor the adequacy or accuracy of this release.
For Further Information:
Adam Zaghloul, Vice President, Strategy &Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Email: adam@ntgclarity.com
Copyright (c) 2023 TheNewswire - All rights reserved.