NTG Clarity Announces Work Valued at $10.9 Million

Rhea-AI Summary

NTG Clarity Networks (OTC:NYWKF) has secured new purchase orders and contract renewals worth $10.9 million CAD. The company received $1.4M in new orders from three new IT services customers and $9.5M in contract renewals and expansions.

The renewals include $3.6M for software development services, $2.7M in new orders against a previously announced $53M framework contract, and $2.9M for NTGapps with existing clients. An additional $300K in orders came from Telecom and Food & Beverage clients. Notably, billings are tracking 33% higher than originally contracted.

Positive

• Secured $10.9M CAD in new orders and renewals
• Added three new IT services customers
• Contract renewals include increased resource commitments
• Framework contract billings running 33% above original projections
• Successful expansion of existing customer relationships

Negative

• None.

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Toronto, Ontario--(Newsfile Corp. - September 9, 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 contract renewals totaling approximately $10.9M CAD from existing and new customers.

• $1.4M in new purchase orders for offshore and onsite software development services from three new IT services customers.
• $9.5M in contract renewals, expansions, and related purchase orders including:
  • $3.6M in renewed contracts for both offshore and onsite software development services.
    • Several of these renewals include an increase in the number of contracted resources.
  • $2.7M in new purchase orders for offshore and onsite software development services.
    • These POs represent billings against the previously announced $53M three-year framework contract announced in August 2024. The framework contract sets the minimum proposed spend, while purchase orders are issued for specific scopes of work as the engagement progresses and delivery ramps up.
  • $2.9M in purchase orders for NTGapps with existing IT services clients
    • These POs represent billings against the previously announced $53M three-year framework contract announced in August 2024, at a rate 33% higher than originally contracted.
  • $300K in other purchase orders for NTGapps with existing Telecom and Food & Beverage clients.

"Our land-and-expand growth strategy is gaining momentum. We've signed three new customers who are starting with initial contracts that open the door to more substantial long-term opportunities as we demonstrate value," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "At the same time, existing customers are not only renewing but broadening their commitments, reflecting the tangible value we deliver and the trust we've built. Our embedded account reps are playing a key role by clearly articulating the value proposition of NTGapps and converting trials into lasting subscriptions."

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/265585

FAQ

How much are NTG Clarity's new purchase orders and contract renewals worth in September 2025?

NTG Clarity secured $10.9 million CAD in total new purchase orders and contract renewals, including $1.4M from new customers and $9.5M in renewals and expansions.

What is the value of NTG Clarity's (NYWKF) framework contract announced in August 2024?

NTG Clarity's framework contract announced in August 2024 is valued at $53 million over three years, with current billings tracking 33% higher than originally contracted.

How many new customers did NTG Clarity acquire in this announcement?

NTG Clarity acquired three new IT services customers with initial contracts valued at $1.4 million for offshore and onsite software development services.

What is the breakdown of NTG Clarity's $9.5M in contract renewals?

The $9.5M in renewals includes $3.6M for software development services, $2.7M in new orders against the framework contract, $2.9M for NTGapps with existing clients, and $300K from Telecom and Food & Beverage clients.