Toronto, ON / TheNewswire / September 19, 2024 / NTG Clarity Networks Inc. (TSX.V:NCI, OTC: NYWKF); NTG Clarity is pleased to announce it has received new orders totaling approximately $6M CAD for new work and renewals from new and existing customers in the IT and Telecom sectors. This follows the recent announcement of our largest-ever contract which was awarded to NTG in August 2024.

 

Notably, these new orders include more than $5M in work from a Middle Eastern system integrator. As organizations across the Middle East prioritize the digital transformation of their services, NTG is continuing to win work due to our decades-long track record of quality work at competitive prices. The breakdown of the work is as follows, with all customers in the Middle East:

 

• 5.3M for new work across multiple POs to provide offshore and onsite resources to an existing system integrator customer in the IT sector 

• 525K for new work across multiple POs to provide onsite resources for existing customers in the IT sector 

• $227K across multiple POs to provide customizations to our NTGapps platform for existing customers in the Telecom sector 

 

“It’s amazing to see system integrators in the Middle East continue to award more and more work to NTG,” said Adam Zaghloul, Vice President, Strategy & Planning of NTG Clarity. “As organizations in the region continue to digitize their services, they’re increasingly trusting NTG to provide quality services at a competitive price.”

 

Having recently announced a number of new material contract wins, management expects to update its financial guidance in the near future.

 

Further, NTG has updated its investor presentation to better reflect the company’s progress and rapid growth over 2024. The updated presentation can be found on our website at the bottom of the page: https://ntgclarity.com/investors/details/investors-info.

 

About NTG Clarity Networks Inc.

NTG Clarity Networks’ vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 800 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading enterprises.

  

Forward Looking Information

Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.

 

These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.

 

For Further Information:

Adam Zaghloul, Vice President, Strategy & Planning

NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: adam@ntgclarity.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.