NTG Clarity Networks Receives $8.5M in New Orders from Financial, Government, IT, and Telecom Sectors
NTG Clarity Networks Inc. (TSX.V:NCI, OTC: NYWKF) has announced the receipt of new orders totaling $8.5M CAD from both new and existing customers in the Financial, Government, IT, and Telecom sectors. These orders highlight the company’s ability to mobilize large teams of experienced professionals quickly and at a competitive price, solidifying its position in the Middle East’s rapidly growing IT space.
The breakdown of the orders includes $7.5M for a three-year project to provide onsite resources to a large system integrator. NTG Clarity has already received the purchase order for the first year, amounting to $2.27M, and expects to receive two additional purchase orders in the next two years.
Additionally, the company secured $690K across multiple purchase orders to provide onsite and offshore resources for existing customers in the Government and Financial sectors. Furthermore, NTG Clarity received $370K to customize its NTGapps platform for an existing customer in the Telecom sector.
Adam Zaghloul, Vice President, Strategy & Planning of NTG Clarity, expressed excitement over the large three-year project awarded to the company, stating that it expands their customer base and capitalizes on the Middle East’s thriving IT sector.
With the recent announcement of NTG Clarity’s strong second-quarter results, as well as ongoing negotiations for other contracts, the company is reviewing its targets and guidance for the year. Updates regarding these developments are expected in the near future.
Established in 1992, NTG Clarity Networks Inc. aims to be a global leader in digital transformation solutions. The company has a proven track record of delivering software, networking, and IT solutions to major enterprises, including financial institutions and network service providers. With a team of over 700 IT and network professionals, NTG Clarity continues to provide design, engineering, implementation, software development, and security expertise to industry-leading enterprises.
Disclaimer: This press release contains forward-looking information that involves risks and uncertainties. The company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.