NCI:CC - NTG Clarity Receives POs Valued at Approximately $574K CAD
(TheNewswire)
Toronto, ON / TheNewswire / May 10, 2022 / NTG Clarity Networks Inc.(TSXV:NCI); NTG Clarity is pleased to announcethat it has received five purchase orders (POs) with a total value ofapproximately $574K CAD. These include:
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$362K CAD across 2 POs for a 6-month renewal ofexisting professional service resources for a telecom customer in theMiddle East.
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$200K CAD against the $3.5M, 1-year renewable FrameworkAgreement announced January 11, 2022. This is for on-site resourceswith a leading bank in the Gulf Region. The total POs received againstthis contract is approximately $2.2M CAD.
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$12K CAD across 2 POs for a 6-month renewal of existingprofessional service resources for a telecom customer in the MiddleEast.
These POs show an expansion of existing customerrelationships both in the form of continuing one relationship into thefuture, and in the form of increasing the scope of another. In bothcases, NTG’s commitment to providing quality professional servicesat competitive prices is showcased.
These contracts validate our decision to expand theEgypt Offshore Centre throughout Q1 and Q2 2022 as existing customerscontinue to renew their agreements and new customers sign with us. Welook forward to further showcasing our strengths as a service providerby expanding and renewing contracts with other existing customers asthey come up for renewal over the next two quarters.
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 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:
Kristine Lewis, President, NTG Clarity NetworksInc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com
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