(TheNewswire)
Toronto, ON – TheNewswire - October 6, 2022 - NTG Clarity Networks Inc.(TSXV:NCI); NTG Clarity is pleased to announcethat it has received multiple purchase orders (POs) with a total valueof approximately $900K CAD. $390K of this is for our NTGapps productand the balance is for new resources at one new and one existingcustomer. These include:
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2 POs from an existing telecom customer to provideNTG ’s FixedTicketing System on our NTGapps platform with an estimated value of$390K.
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A PO from a new customer in the financial sector toprovide resources with an estimated value of $406K.
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A PO from a major bank in the Middle East to provide anew resource for 6 months with an estimated value of $104K.
The first 2 POs are for our NTGapps Service Management Suite. IT teamsuse this product to manage the end-to-end delivery of IT services tocustomers. It includes all the processes and activities to design,create, deliver, and support IT services. It should be mentioned thatthis is our third implementation for this system, which is gainingmomentum for its ease of use and inclusion of best practices based onthe ITIL standards. Added to this is our powerful workflow automationthat has been part of the NTG products for the last 20 years.
NTG showcased this product at the Mobile World Congress (MWC) in LasVegas last week and we will demonstrate it in Dubai’s GITEX nextweek.
These POs demonstrate the trust that NTG builds with its customers.Upon seeing the quality and value of NTG’s products and services,customers are quick to expand their relationship with NTG and procureadditional licenses and resources. This trust gives NTG the reputationneeded to expand its offering to new customers in growing industriessuch as the financial sector.
The value of these POs, added to the estimated $18M CAD of POs on handdiscussed in our previous releases, brings our backlog close to $19MCAD. We are also in the process of negotiating renewals of othercontracts with other existing customers.
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 500 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:
Kristine Lewis, President, NTG Clarity NetworksInc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com
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