NTG Clarity Receives POs Valued at Approximately $6.33M CAD

About this update from Ntg Clarity Networks Inc.

[{"type":"text","content":"NTG Clarity Receives POs Valued at Approximately $6.33M 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 / T\n \n \n heNewswire\n \n \n / September 1, 2022 / NTG Clarity Networks\nInc. (TSX.V:NCI);\n \n \n (OTC:NYWKF)\n \n \n NTG Clarity is pleased to announce\nthat it has received multiple purchase orders (POs) with a total value\nof approximately $6.33M CAD. $5.98M of this is for new work and $0.35M\nis for the renewal of existing contracts. These include:\n \n \n \n \n \n \n $5.13M CAD for 42 resources both at the customer site\nand at our offshore centre in Egypt. This PO is for new work for a\nmajor Financial Institution in the Gulf region. NTG has already\ndeployed 10 resources and the remaining resources will be deployed\nwithin the next 6 weeks. The work on this contract should be completed\nwithin 12 months. This is among the largest valued POs received by NTG\nin its history.\n \n \n \n \n \n \n 2 POs from existing customers to provide 3 resources\nwith an estimated value of $252K.\n \n \n \n \n \n \n A PO from a Telecom Operator to renew resources for 3\nmonths with an estimated value of $197K.\n \n \n \n \n \n \n Multiple POs from a System Integrator to provide\nmultiple resources with an estimated value of $171K.\n \n \n \n \n \n \n Multiple POs from a Telecom Operator to implement and\nsupport multiple projects with an estimated value of $157K.\n \n \n \n \n \n \n A PO to implement an ecommerce platform to be completed\nwithin 6 months with an estimated value of $155K.\n \n \n \n \n \n \n A Contract with a major Bank in the Middle East to\nprovide Technical Training to its employees to be completed within 2\nmonths with an estimated value of $112K.\n \n \n \n \n \n \n A Contract to provide one network professional in North\nAmerica with an estimated value of $80K.\n \n \n \n \n \n \n A PO renewal of onsite support for 6 months with an\nestimated value of $77.7K.\n \n \n \n \n \n The value of these POs, added to the estimated $12M CAD of POs on hand\ndiscussed in our previous releases, brings our backlog to over $18M\nCAD. We are also in the process of negotiating renewals of other\ncontracts with other existing customers.\n \n \n \n \n \n To be able to\naccommodate the high demand for our offshore services in Egypt, we\nhave relocated our produ...

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