(TheNewswire)
Toronto, ON / T heNewswire / November 28, 2022 / NTG Clarity NetworksInc. (TSXV:NCI); NTG Clarity is pleased toannounce that it has received multiple purchase orders (POs) with atotal value of approximately $3.2M CAD. $2.5M is for new resources atnew customers in the Middle East. Approximately $470K is for oursoftware products and the balance is for resources at existingcustomers.
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A PO from a new financial services customer to provide11 new resources for 1 year with an estimated value of $2.3M.
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Multiple POs from a major telecom customer provide newresources a per an existing Frame Agreement, and to provide an NTGappsinstallation. These POs have an estimated value of $375K.
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Multiple POs from a new major bank customer to providenew resources with an estimated value of $235.2K.
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A PO from an existing customer serving the publicsector to support our existing installation of NTS, our OSS/BSSsoftware product. This 6-month contract has an estimated value of$200K.
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A PO from an existing telecom customer to support ourexisting product installations with an estimated value of$71K.
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A PO from an existing telecom customer for trainingsessions on our existing NIC product installation with an estimatedvalue of $14K.
NTG has a commitment to delivering exceptional customer experiencesthrough providing top-quality professional services and softwareproducts. We are thrilled to see that our commitment has resulted inthis quantity of new business, and we look forward to working closelywith these new and existing clients to deliver on that commitment.
This news comes as we continue to focus on expanding our market shareby providing high-quality services to customers in the telecom andfinancial industries as well as the public sector. We are committed tocustomer satisfaction, and these POs demonstrate the care andintegrity with which we do business.
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 thecompany to enhance operating results, are necessarily subject to risksand uncertainties, some of which 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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