Business
NTG Clarity Provides a Corporate Update for Work Valued at Over $6 Million CAD
(TheNewswire) Toronto, ON - TheNewswire - July 10, 2023 - NTG Clarity Networks ...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Provides a Corporate Update for Work Valued at Over $6 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 - July 10, 2023 -\n \n \n NTG Clarity Networks Inc.\n \n \n (TSX.V:NCI);\n \n \n NTG\nClarity is pleased to announce that over the past 2 months, it has\nreceived 28 purchase orders (POs) for course of business work. This\nincludes POs issued under a 3-year Professional Services Supply\nAgreement announced in April 2023.\n \n \n \n \n The breakdown is approximately as follows (based on\nconversions to CAD):\n \n \n \n \n \n \n a PO for $1.75M to provide technical resources to an\nexisting customer in the finance sector in the Middle East. This\n9-month PO is 40% new work and 60% renewals.\n \n \n \n \n \n \n 4 POs for $943K to provide technical resources to a new\ncustomer in the telecom sector in the Middle East.\n \n \n \n \n \n \n 4 POs for $464K to provide technical resources and\nproduct development to 3 new customers in the finance sector in the\nMiddle East.\n \n \n \n \n \n \n a PO for $50K to provide offshore mobile app\ndevelopment for a new customer in the government sector in the Middle\nEast.\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 9 1-year POs for $1.78M to provide technical resources\nto an existing customer in the finance sector in the Middle East.\n \n \n \n \n \n \n 2 POs for $400K for product development and support for\nan existing customer in the telecommunications sector in the Middle\nEast.\n \n \n \n \n \n \n 2 POs for $309K to provide a technical services and\nmobile app development for an existing customer in the banking sector\nin the Middle East.\n \n \n \n \n \n \n a PO for $237K to provide product development for an\nexisting customer in the telecom sector in the Middle East.\n \n \n \n \n \n \n 4 POs for $133K to provide a technical services and\nmobile app development for an existing customer in the telecom sector\nin the Middle East.\n \n \n \n \n \n \n “We are excited to continue the year on a high note\nwith these POs and new work.” said Kristine Lewis, President of NTG\nClarity. “Our continued success with our existing customers and the\naddition of new cust...