Business
NTG Clarity Announces POs Valued at Approximately $3.94 Million CAD
(TheNewswire) Toronto, ON – TheNewswire - March 9, 2023 - NTG Clarity Networ...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Announces POs Valued at Approximately $3.94 Million CAD\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto, ON –\n \n \n TheNewswire -\n \n \n March 9, 2023 - NTG Clarity Networks Inc.\n(TSXV:NCI) -\n \n \n NTG Clarity is pleased to announce\nthat it has received multiple purchase orders (POs) and 1 resource\nAgreement contract. The POs are from existing customers for renewal of\nservices. The resource Agreement is for new resources for a new\ncustomer in the Middle East.\n \n \n \n \n The breakdown is approximately as follows (based on\nconversions to CAD):\n \n \n \n \n \n \n A 1-year renewable agreement with an estimated value of\n$2.35M. NTG will provide technical resources to this new customer in\nthe real estate finance sector in the Middle East. The estimated cost\nof delivery is $1.6M.\n \n \n \n \n \n \n The following business as usual renewals over the last\nfew months:\n \n \n \n \n \n \n A 1-year PO renewal for $1.066M to provide a technical\nresource to an existing customer in the finance sector in the Middle\nEast.\n \n \n \n \n \n \n A 1-year PO extension for $222K for technical resources\nfor an existing telecommunications customer in the Middle East.\n \n \n \n \n \n \n A 1-year extension for $194K for professional services\nfor an existing telecommunications customer in Canada.\n \n \n \n \n \n \n A PO for $101K to continue product support/upgrade for\nan NTG product in a telecommunications customer in the Middle East.\n \n \n \n \n \n \n A 1-year extension for $7K for\n \n \n \n \n a product implementation for an\nexisting telecommunications customer in the Middle East.\n \n \n \n \n \n \n The value of these POs/Agreements, added to the\nestimated $20.95M CAD of POs on hand at the end of December 2022,\nbrings our backlog to almost $24.89M CAD in unbilled amounts.\n \n \n \n \n \"We are excited to continue 2023 with a strong\nposition and we are confident that our strong existing customer base\nand the addition of a new customer in the financial sector will\nsolidify us as a key provider in this substantial market,” explained\nKristine Lewis, President of NTG Clarity. “As always, we remain\ncommitted to providing quality services and innovative solutions that\nenable our customers to meet t...