NTG Latest News
Receives a Five-Year LOI Valued at $4.5M CAD
Toronto, ON / TNW-Accesswire / September 27, 2021 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to announce that it has received a Letter of Intent (LOI) with a value of approximately $4.5M CAD for the purchase of its Asset Management, Network Discovery, Discrepancy and Reconciliation software. This amount covers the software license, implementation, support, maintenance and training. The work on this project will start immediately. The first phase of this project is expected to be completed by the end of this year and it is estimated to be worth $1.5M CAD.
NTG Asset Management is a feature-rich Network Inventory and Configuration system that tracks the network operators’ assets and their configuration. An independent module that works with NTG Asset Management and other vendor’s systems is NTG’s Network Discovery, Discrepancy and Reconciliation Module (NDDR). NDDR is a flexible platform allowing telecom operators to view network data, compare network data with the inventory module, and post selective updates to correct inventory data. NDDR is designed to work independently of the Network Elements vendors or inventory providers. NDDR enables telecom operators to locate missing inventory, avoid failed provisioning, and enhance network change management processes to avoid discrepancies.
Most new features of this system are based on the NTGapps platform that enables the telecom operators’ easy and seamless Digital Transformation and gives the telecom operators a full suite of digital tools to enable them to perform their jobs in a simple efficient manner.
“We are very pleased to receive this LOI with this new customer in the Middle East. This five-year project confirms the trust that customers have in our products and services. The sale of our products contributes significantly to our bottom line due to the high profit margins.” said Kristine Lewis, NTG Clarity’s President.
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 275 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.