NTG Clarity Announces Three-Year Framework Agreement with Major Saudi Real Estate Development Company

Rhea-AI Summary

NTG Clarity (OTC: NYWKF) signed a three-year Framework Agreement with a major vertically integrated Saudi real estate development company. The Agreement sets an initial spending ceiling of approximately $18.2 million CAD over three years with estimated gross margins of ~36% and no minimum spend commitment.

Revenue will be recognized by purchase order; initial POs are expected in the coming months. The engagement originated via a referral and the company reports no material operational disruption despite recent regional military escalation.

Positive

• Three-year framework with a major Saudi developer
• Initial spending ceiling of approximately $18.2 million CAD
• Estimated gross margins of about 36% on work under the Agreement
• Referral-driven win from an existing portfolio company indicating client trust

Negative

• Agreement includes no minimum spend, creating revenue timing uncertainty
• Recent regional military escalation raises potential operational and delivery risk despite no current disruption

News Market Reaction – NYWKF

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+0.14% News Effect

On the day this news was published, NYWKF gained 0.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - March 9, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG") is pleased to announce that this past week it has signed a three-year Framework Agreement (the "Agreement") with a vertically integrated real estate development company in Saudi Arabia. The customer maintains a diverse portfolio spanning the entire hospitality sector, and is a portfolio company of one of the Kingdom's largest investment entities. The customer's work is a cornerstone of Saudi Arabia's ambition to diversify its economy under its Vision 2030 program.

Under the Agreement, NTG will provide offshore and onsite digital transformation and software development services, with a focus on Internet of Things (IoT) and Smart City solutions. While the Agreement does not include a minimum spend commitment, it establishes an initial ceiling of approximately $18.2 million CAD in spending over its three-year term, with gross margins of approximately 36%. Revenue will be recognized as individual purchase orders are issued and work is completed. NTG will disclose individual Purchase Orders ("POs") issued under this Agreement as they are received, with initial POs expected in the coming months. NTG expects to provide greater clarity on the scope and pacing of work under this Agreement as POs are issued.

The engagement originated through a referral from an existing NTG customer, also a portfolio company of the same investment entity, continuing our track record of referral-driven new customer acquisition. This Agreement represents one of the larger engagements the Company had been positioning for throughout 2025, during which period NTG proactively invested in talent acquisition and delivery capacity to ensure readiness upon contract execution.

"Winning the trust of another portfolio company within one of the region's most significant investment groups is a direct reflection of the caliber of work we deliver for our existing clients," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "This agreement gives us a multi-year platform to grow with a customer whose digital transformation needs are expected to scale meaningfully as their projects advance. Combined with our offshore delivery model, we believe this positions us well to become a long-term strategic partner."

Regional Update

Over the past week, there has been a significant escalation in military activity in the Middle East, including strikes affecting several countries in the Gulf region where NTG operates. While the situation remains fluid, NTG has not experienced any material disruption to its operations or customer engagements to date.

The Company's employees in the region are safe and accounted for, and NTG's primary delivery operations, based far from the conflict in multiple Egypt Offshore Centers, have not been affected and continue to operate normally. It is too early to assess the broader implications of the current situation on the Company's business or on the pace of its customers' digital transformation initiatives; however, the signing of this three-year framework agreement shows that our customers are still focused on economic development and digitization despite the conflict in the region. NTG will continue to monitor conditions closely and will provide updates to shareholders as warranted.

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 1,300 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/286570

FAQ

What are the financial terms of NTG Clarity's three-year agreement (NYWKF)?

The Agreement sets an initial spending ceiling of approximately $18.2 million CAD over three years. According to the company, revenue will be recognized as individual purchase orders are issued and work is completed, with gross margins of about 36%.

Does the NTG Clarity (NYWKF) agreement guarantee minimum revenue over three years?

No, the Agreement does not include a minimum spend commitment. According to the company, the contract establishes a spending ceiling but actual revenue depends on individual purchase orders and project pacing.

When will NTG Clarity (NYWKF) start recognizing revenue from the Saudi framework agreement?

Revenue recognition will begin as individual purchase orders are issued and work is completed. According to the company, initial POs are expected in the coming months, at which point revenues will be recorded per PO completion.

How significant is the Saudi engagement for NTG Clarity's (NYWKF) business operations?

The company describes the Agreement as one of its larger engagements and a multi-year platform for growth. According to the company, it invested in talent and delivery capacity throughout 2025 to be ready for this work.

Will regional tensions affect NTG Clarity's (NYWKF) ability to deliver under the Agreement?

To date, NTG reports no material disruption to operations or customer engagements despite recent regional military escalation. According to the company, primary delivery operations in Egypt offshore centers continue to operate normally.

How did NTG Clarity (NYWKF) secure the three-year framework agreement in Saudi Arabia?

NTG says the engagement originated via a referral from an existing customer that is a portfolio company of the same investment entity. According to the company, this reflects referral-driven customer acquisition and client trust.