NTG Clarity Announces Work Valued at $14.6M CAD
NTG Clarity Networks (TSXV: NCI, OTC: NYWKF) has secured new purchase orders and contracts worth $14.6M CAD from existing customers in financial, IT, and telecom sectors. The breakdown includes:
- $11.6M in renewals for offshore and onsite software development services
- $2.2M in new work and renewals, part of previously announced contracts including a $53M three-year contract from August 2024
- $800K for NTGapps platform licensing, customization, and support
These orders have increased NTG's backlog of unbilled purchase orders and contracts to approximately $105M as of December 31, 2024. The company is leveraging opportunities from Saudi Arabia's Vision 2030 plan and its digitization initiatives, with gross margins expected to align with historical levels.
NTG Clarity Networks (TSXV: NCI, OTC: NYWKF) ha ottenuto nuovi ordini di acquisto e contratti per un valore di 14,6 milioni di CAD da clienti esistenti nei settori finanziario, IT e telecomunicazioni. La suddivisione include:
- 11,6 milioni in rinnovi per servizi di sviluppo software offshore e onsite
- 2,2 milioni in nuovi lavori e rinnovi, parte di contratti precedentemente annunciati tra cui un contratto di tre anni da 53 milioni di dollari a partire da agosto 2024
- 800 mila per la licenza, personalizzazione e supporto della piattaforma NTGapps
Questi ordini hanno aumentato l'ammontare degli ordini di acquisto e contratti non fatturati di NTG a circa 105 milioni di dollari al 31 dicembre 2024. L'azienda sta sfruttando le opportunità del piano Vision 2030 dell'Arabia Saudita e delle sue iniziative di digitalizzazione, con margini lordi attesi in linea con i livelli storici.
NTG Clarity Networks (TSXV: NCI, OTC: NYWKF) ha asegurado nuevos pedidos y contratos por un valor de 14.6 millones de CAD de clientes existentes en los sectores financiero, IT y telecomunicaciones. La desagregación incluye:
- 11.6 millones en renovaciones para servicios de desarrollo de software offshore y en sitio
- 2.2 millones en nuevos trabajos y renovaciones, parte de contratos previamente anunciados, incluido un contrato de tres años por 53 millones de dólares a partir de agosto de 2024
- 800 mil para la licencia, personalización y soporte de la plataforma NTGapps
Estos pedidos han incrementado la carga de pedidos de compra y contratos no facturados de NTG a aproximadamente 105 millones de dólares al 31 de diciembre de 2024. La empresa está aprovechando las oportunidades del plan Vision 2030 de Arabia Saudita y sus iniciativas de digitalización, con márgenes brutos esperados alineados con los niveles históricos.
NTG Clarity Networks (TSXV: NCI, OTC: NYWKF)는 금융, IT 및 통신 분야의 기존 고객으로부터 1460만 CAD 규모의 새로운 구매 주문 및 계약을 확보했습니다. 내역은 다음과 같습니다:
- 1160만의 해양 및 현장 소프트웨어 개발 서비스 갱신
- 220만의 신규 작업 및 갱신, 2024년 8월부터 시작하는 3년 계약의 일부인 5300만 달러 계약 포함
- 80만의 NTGapps 플랫폼 라이센스, 사용자화 및 지원
이 주문으로 NTG의 미청구 구매 주문 및 계약 적체가 2024년 12월 31일 기준으로 약 1억 500만 달러로 증가했습니다. 회사는 사우디 아라비아의 비전 2030 계획과 디지털화 이니셔티브의 기회를 활용하고 있으며, 총 마진은 역사적 수준과 일치할 것으로 예상하고 있습니다.
NTG Clarity Networks (TSXV: NCI, OTC: NYWKF) a sécurisé de nouveaux bons de commande et contrats d'une valeur de 14,6 millions CAD provenant de clients existants dans les secteurs financier, IT et télécommunications. La répartition comprend :
- 11,6 millions en renouvellements de services de développement de logiciels offshore et sur site
- 2,2 millions en nouveaux travaux et renouvellements, partie de contrats précédemment annoncés, y compris un contrat de trois ans de 53 millions de dollars à partir d'août 2024
- 800 000 pour la licence, la personnalisation et le support de la plateforme NTGapps
Ces commandes ont augmenté l'arriéré de commandes d'achat non facturées et de contrats de NTG à environ 105 millions de dollars au 31 décembre 2024. L'entreprise tire parti des opportunités offertes par le plan Vision 2030 de l'Arabie Saoudite et ses initiatives de numérisation, avec des marges brutes attendues en adéquation avec les niveaux historiques.
NTG Clarity Networks (TSXV: NCI, OTC: NYWKF) hat neue Bestellungen und Verträge im Wert von 14,6 Millionen CAD von bestehenden Kunden in den Sektoren Finanzen, IT und Telekommunikation gesichert. Der Aufschlüsselung umfasst:
- 11,6 Millionen für Verlängerungen von Offshore- und Vor-Ort-Softwareentwicklungsdiensten
- 2,2 Millionen für neue Arbeiten und Verlängerungen, Teil von zuvor angekündigten Verträgen, darunter ein 3-Jahres-Vertrag über 53 Millionen Dollar ab August 2024
- 800.000 für Lizenzen, Anpassungen und Unterstützung der NTGapps-Plattform
Diese Bestellungen haben den Auftragsbestand von NTG an nicht in Rechnung gestellten Bestellungen und Verträgen auf etwa 105 Millionen Dollar zum 31. Dezember 2024 erhöht. Das Unternehmen nutzt die Chancen des Vision 2030-Plans Saudi-Arabiens und dessen Digitalisierungsinitiativen, wobei von den Bruttomargen erwartet wird, dass sie sich auf historischen Niveaus einpendeln.
- Secured new orders and contracts worth $14.6M CAD
- Increased backlog to $105M as of December 31, 2024
- Expanding existing customer relationships with larger contract values
- Growing demand for NTGapps platform in Telecom and IT sectors
- None.
Toronto, Ontario--(Newsfile Corp. - January 30, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG") is pleased to announce it has received new purchase orders ("POs") and contracts totaling approximately
NTG enters the new year in a strong position, capitalizing on the massive opportunities created by Saudi Arabia's Vision 2030 plan and its related digitization initiatives. With over 20 years of experience in the Saudi market, NTG's commitment to quality continues to earn larger and longer-term contracts from loyal customers.
In the last while NTG has won:
$11.6M in renewals across multiple POs and contracts to provide offshore and onsite software development services.Many of these renewals represent an increase in the number of resources contracted as our customers increasingly trust NTG to deliver their digital transformation roadmaps
$2.2M in new work and renewals across multiple POs to provide offshore and onsite software development services.This represents a subset of POs expected to be billed against previously announced contracts, including the
$53M three-year contract announced in August 2024, as work on these engagements continues and ramps up.
$800 K across multiple POs to provide licensing, customization, and support to our NTGapps platform for existing customers in the Telecom and IT sectors, showing continued growing demand for NTG's software product suite.
These orders increase NTG's backlog of unbilled purchase orders and contracts on-hand as of December 31, 2024, as well as any contracts and POs announced since then, to approximately
"We continue to see our clients renew and expand their contracts - clear evidence of their deep trust in NTG and the recognition of the value we provide as a part of their long-term digital strategy," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "Our unwavering commitment to high-quality service at competitive prices continues to exceed expectations, driving both retention and expansion. By consistently adapting to our clients' evolving needs, NTG is not only strengthening existing relationships but also attracting new clients and securing major contract wins, accelerating our growth."
About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1000 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.
Forward Looking Information
Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.
For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: adam@ntgclarity.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238927
FAQ
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