Business
NTG Clarity Receives POs Valued at Approximately $2.656 Million CAD
(TheNewswire) Toronto, ON – TheNewswire - October 25, 2022 - NTG C...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Receives POs Valued at Approximately $2.656 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 Toronto, ON –\n \n \n TheNewswire -\n \n \n October 25, 2022 -\n \n \n NTG Clarity Networks Inc.\n(TSXV:NCI);\n \n \n NTG Clarity is pleased to announce\nthat it has received multiple purchase orders (POs) with a total value\nof approximately $2.656M CAD. $1.148M of this is for the upgrade and\nsupport of our NTS OSS/BSS product installed in a Smart City in the\nMiddle East. The balance is for new resources at existing customers.\n \n \n \n \n \n \n \n \n The details are:\n \n \n \n \n \n \n A PO from an existing customer serving the public\nsector to upgrade and support our existing installation of NTS, our\nOSS/BSS software product. This one-year contract has an estimated\nvalue of $1.148M.\n \n \n \n \n \n \n A PO from an existing systems integrator customer to\nprovide 5 new resources for 8 months with an estimated value of\n$577K.\n \n \n \n \n \n \n Multiple POs from a major bank in the Middle East to\nprovide new resources with an estimated value of $931K. This is\nagainst the $3.5M, one-year renewable Framework Agreement announced\nJanuary 11, 2022.\n \n \n \n \n \n These POs speak to NTG’s commitment to fulfilling its agreement with\nthe highest possible quality. While we continue to close new deals, a\nsignificant portion of our sales comes in the form of expanded\nbusiness from satisfied customers. We have distinguished ourselves as\nproviders of high-quality software products and professional\nresources; when it comes time to renew licenses and contracts our\ncustomers consistently and emphatically agree.\n \n \n The value of these POs, added to the estimated $19M CAD of POs on hand\ndiscussed in our previous releases, brings our backlog close to $21M\nCAD since the end of Q2 2022. We also continue to negotiate the\nrenewals of other contracts with other existing customers.\n \n \n \n About NTG Clarity Networks\nInc.\n \n \n \n \n NTG Clarity Networks’ vision is to be a global leader\nin providing networking solutions. As a Canadian company established\nin 1992, NTG Clarity has delivered networking, IT and network enabled\napplication software solutions to network service providers and large\nenterprises. More than 500 IT and ...