NCI:CC - NTG Clarity Receives Multiple POs Valued at Approximately $910K CAD
(TheNewswire)
Toronto, ON / T heNewswire / April 27, 2022 / NTG Clarity Networks Inc.(TSXV:NCI); NTG Clarity is pleased to announcethat it has received six purchase orders (POs) valued at approximately$910K CAD. These include:
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$485K CAD to renew existing professional serviceresources for a telecom customer in the Middle East.
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$285K CAD across 2 POs ag ainst the $3.5M, one-year renewableFramework Agreement announced January 11, 2022. This is for on-siteresources with a leading bank in the Gulf Region. The total POsreceived against this contract is approximately $1M CAD.
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$116K CAD against the $5M, one-year renewable FrameworkAgreement announced December 16, 2021. This is for on-site resourceswith a credit bureau in the Middle East
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$14K CAD for enhancements to installed NTG products ata telecom customer in the Middle East.
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$10K CAD for a new customer to provide mobile appimplementation for a government contractor in the MiddleEast.
Our work with existing and new customers is continuingto distinguish us as a leader in professional services, and as such,we continue to see POs of increasing value from existing and newcustomers. To accommodate the increase in work, a major theme of Q1and Q2 2022 has been the expansion of our Egypt OffshoringCentre.
With several contracts with major customers coming upfor renewal in the next six months, along with our already stellar andgrowing reputation for high-quality, competitively-priced IT andtelecom services, we are excited to keep the momentum going.
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 350 network professionals provide design,engineering, implementation, software development and securityexpertise to the industry’s leading network service providers andenterprises.
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 theirentirety by this notice. The Company assumes no obligation to updateforward looking statements should circumstances or management'sestimates or opinions change.
The TSX Venture Exchange does not accept responsibilityfor the adequacy or accuracy of this release.
For Further Information:
Kristine Lewis, President, NTG Clarity NetworksInc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com
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