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NTG Clarity Awarded an Estimated $1.8 Million Utility Billing Agreement in Egypt

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Toronto, ON and Cairo, Egypt / TNW-Accesswire / March 16, 2016 / NTG Clarity Networks Inc. (TSX.V:NCI). NTG is pleased to announce that the Company has signed Phase 1 of its largest ever Utility Billing contract, with the value of the total contract estimated to be at $1.8 Million CDN over a two-year period. The contract has been signed with one of the largest Water Utility companies in Egypt. NTG’s Egyptian Subsidiary, NTG Egypt Advanced Software, will provide NTG’s NTS Billing Solution, an ERP solution, related hardware, networks and connectivity for the client, who is in process of automating all its operations within its headquarters and over 30 branches.
 
NTG will provide this ambitious project over two phases. Phase 1 will include installing NTG’s proprietary NTS Billing solution with all its modules and mobile add-on modules, as well as the servers, desktops, printers, network appliances and network, connectivity and backup connections for over 30 branches. The value of Phase 1 is estimated to be  $660,000 CDN and will be delivered by end of August, 2016.
 
Phase 2 is an ERP solution to cover all the Company operations and the rest of the needed hardware, printers and other accessories. This phase is expected to be delivered by end of 2017.
 
NTG has been in the Utility Billing application business in Egypt since 2002, where our first full single source integrated solution was implemented successfully in Aswan Water Company. Since then, the application has been enriched with many features and several mobile application add-ons. This awarded NTG with more implementations in Egypt and Saudi Arabia, including Egypt’s largest Water Utility Company and two others.
 
NTG Egypt has been representing an increasing share of the Company business over the years and this project will help significantly increase its share this year.
 
“We are very proud to be chosen to provide this critical project and have accepted the challenge posed by the tight delivery schedule for the first phase. We are looking forward to completing this phase on time and to add more successful implementations to our Egypt Portfolio” said Adel Zaghloul, NTG Egypt Chairman and CEO.
 
About NTG Clarity Networks Inc.
NTG Clarity Networks’ vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 400 network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading network service providers and 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.
 
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For Further Information:
Doren Quinton, President QIS Capital
Ph:250-377-1182
Fax:250-377-1183
Email:info@smallcaps.ca
 
Kristine Lewis, President, NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com