NTG Latest News
NTG Clarity Receives 4 POs in Egypt with an Estimated Value of 8 Million EGP ($580,000 CAD)
Toronto, ON / TNW-ACCESSWIRE / December 20, 2017 / NTG Clarity Networks Inc. (TSX.V:NCI), is pleased to announce that the Company has received 4 Purchase Orders (POs) in Egypt.
- The first PO is from one of the biggest fertilizer companies in the Middle East, for a total value of 2.5 million Egyptian pounds ($178,000 CAD). NTG will implement Oracle Database Appliance (ODA) and perform data migration and a software upgrade to fusion Middle Ware. This project should be completed in 4 months.
- The second PO is an extension of NTG StageEM implementation announced early this year. The value is approximately 2 million Egyptian pounds ($144,000 CAD). This is to implement business processes and implement NTG StageEM on the customer’s cloud. The work on this project will be completed in the next 4 months.
- The third PO is to implement NTG’s StageEM system for a large telecom provider. The value is approximately for 2.6 million Egyptian pounds ($188,000 CAD). StageEM will provide service fulfillment and inventory management for the services provided by this customer. This project is a 16-month project and will start in January 2018.
- The fourth PO is for the extension of services with an existing customer. The value is approximately 975,000 Egyptian pounds ($70,000 CAD).
"We are very pleased with these new POs as it demonstrates the continuing trust of our customers and the expanded growth in the customer base. This is in addition to the existing work that is ongoing. This is a very good start for the new year” said Adel Zaghloul, NTG Clarity’s 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information:
Doren Quinton, President QIS Capital
Kristine Lewis, President