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NTG Clarity Receives POs Valued at Approximately $574K CAD
Toronto, ON / TNW-Accesswire / May 10, 2022 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to announce that it has received five purchase orders (POs) with a total value of approximately $574K CAD. These include:
- $362K CAD across 2 POs for a 6-month renewal of existing professional service resources for a telecom customer in the Middle East.
- $200K CAD against the $3.5M, 1-year renewable Framework Agreement announced January 11, 2022. This is for on-site resources with a leading bank in the Gulf Region. The total POs received against this contract is approximately $2.2M CAD.
- $12K CAD across 2 POs for a 6-month renewal of existing professional service resources for a telecom customer in the Middle East.
These POs show an expansion of existing customer relationships both in the form of continuing one relationship into the future, and in the form of increasing the scope of another. In both cases, NTG’s commitment to providing quality professional services at competitive prices is showcased.
These contracts validate our decision to expand the Egypt Offshore Centre throughout Q1 and Q2 2022 as existing customers continue to renew their agreements and new customers sign with us. We look forward to further showcasing our strengths as a service provider by expanding and renewing contracts with other existing customers as they come up for renewal over the next two quarters.
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 350 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:
Kristine Lewis, President, NTG Clarity Networks Inc.