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Bullboard - Stock Discussion Forum NTG Clarity Networks Inc V.NCI

Alternate Symbol(s):  NYWKF

NTG Clarity Networks Inc. is engaged in providing networking solutions. The Company provides telecommunications engineering, information technology, networking, and related software solutions. It operates through two segments: Canadian segment and Egypt segment. The Canadian segment is made up of activities in Canada and its offices in Saudi Arabia and Oman. The Egypt segment is its software... see more

TSXV:NCI - Post Discussion

NTG Clarity Networks Inc > NTG Clarity Receives 5 POs and 2 Contract Additions
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Post by Betteryear2 on Feb 14, 2022 6:52am

NTG Clarity Receives 5 POs and 2 Contract Additions

 

Toronto, ON - TheNewswire - February 14, 2022 - NTG Clarity Networks Inc. (TSXV:NCI) (OTC:NYWKF) NTG Clarity is pleased to announce that it has received 5 purchase orders (POs) from three existing and one new customer in the Middle East. We also received 2 one-year contract extensions; to provide technical resources to existing telecom customers in Canada and the Middle East.

  • A one year contract extension worth approximately $389K CAD to provide technical resources to a major telecom service provider in Canada. The estimated cost to provide these services is $250K CAD.

  • Addition under a Frame Agreement worth approximately $430K CAD for the placement of 8 extra resources for one year for a customer in the financial sector. The estimated cost to provide these services is $300K CAD.

  • A PO worth $277K CAD to provide RND changes to our installed software product for an existing customer in the telecom sector in the Middle East. The work starts immediately and is expected to be completed in 4 months.

  • 2 POs worth $51K CAD total to provide professional services to an existing customer in the telecom sector in the Middle East.

  • A PO worth $21K CAD to provide software license and support services to a new customer in IT Infrastructure and Cloud Computing.

  • A PO worth $58K CAD to provide a technical resource to a multinational system integrator.

“The ongoing renewal of our professional service resources contracts continues to highlight our customers’ trust in the quality of NTG’s technical resources. This trust solidifies NTG’s position as a global player in the technical services sector, as seen by our existing and growing customer base in North America and abroad,” 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 300 network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading network service providers and enterprises.

https://ntgclarity.com/




https://www.thenewswire.com/press-releases/1BR1FEDl0-ntg-clarity-receives-5-pos-and-2-contract-additions-for-an-estimated-value-of-122m-cad.html

Toronto, ON - TheNewswire - February 14, 2022 - NTG Clarity Networks Inc. (TSXV:NCI) (OTC:NYWKF) NTG Clarity is pleased to announce that it has received 5 purchase orders (POs) from three existing and one new customer in the Middle East. We also received 2 one-year contract extensions; to provide technical resources to existing telecom customers in Canada and the Middle East.

  • A one year contract extension worth approximately $389K CAD to provide technical resources to a major telecom service provider in Canada. The estimated cost to provide these services is $250K CAD.

  • Addition under a Frame Agreement worth approximately $430K CAD for the placement of 8 extra resources for one year for a customer in the financial sector. The estimated cost to provide these services is $300K CAD.

  • A PO worth $277K CAD to provide RND changes to our installed software product for an existing customer in the telecom sector in the Middle East. The work starts immediately and is expected to be completed in 4 months.

  • 2 POs worth $51K CAD total to provide professional services to an existing customer in the telecom sector in the Middle East.

  • A PO worth $21K CAD to provide software license and support services to a new customer in IT Infrastructure and Cloud Computing.

  • A PO worth $58K CAD to provide a technical resource to a multinational system integrator.

“The ongoing renewal of our professional service resources contracts continues to highlight our customers’ trust in the quality of NTG’s technical resources. This trust solidifies NTG’s position as a global player in the technical services sector, as seen by our existing and growing customer base in North America and abroad,” 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 300 network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading network service providers and enterprises.

 
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