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NTG Provides a Corporate Update for Work Valued at Over $1 Million CAD


Toronto, ON / TNW-Accesswire / August 3, 2023 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to announce that over the past 3 weeks, it has received 7 purchase orders (POs) that includes POs issued under our 3-year Professional Services Supply Agreement announced in April 2023.


The breakdown is approximately as follows (based on conversions to CAD). For new business:

  • 3 POs for $289K to provide technical resources to our new customer in the Government sector. Most of this amount will be consumed and delivered through July and August.
  • a PO for $317K to provide technical resources to a new customer in the Telecom sector in the Middle East.

The following business as usual renewals over the last few months:

  • 2 POs for $366K to provide technical resources to an existing customer in the finance sector in the Middle East.
  • 1 PO for $46K to provide app development for an existing customer in the telecom sector in the Middle East.


“Following our announcement of strong Q2 results, we are thrilled to witness such robust interest in our offerings, as evidenced by the seven purchase orders received within a short span of time,” said Kristine Lewis, President of NTG Clarity. "This achievement reaffirms our dedication to delivering cutting-edge solutions that cater to our clients' evolving needs and requirements."


As NTG Clarity continues to expand its product portfolio and enhance its service offerings, the company remains focused on delivering top-tier solutions and exceeding customer expectations. The recent influx of purchase orders underscores the growing demand for the company's products and services, positioning NTG Clarity for a promising future.


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 600 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.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


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