NTG Clarity Announces Work Valued at $11.1 Million
NTG Clarity Networks has secured three Purchase Orders worth $11.1 million under a Master Service Agreement announced in December 2024. The agreement, originally valued at $22 million over three years, has seen a significant 50% increase in anticipated service levels for its first year of operations, which began in January 2025.
The Purchase Orders cover both offshore and onsite software development services. This expansion aligns with Saudi Arabia's Vision 2030 digital transformation initiatives, where NTG is experiencing increased contract renewals with larger engagements over extended periods.
According to Adam Zaghloul, VP of Strategy & Planning, the expanded orders reflect growing client demand and satisfaction with NTG's services, leading to accelerated growth for both the company and its partners.
NTG Clarity Networks ha ottenuto tre ordini di acquisto per un valore complessivo di 11,1 milioni di dollari nell’ambito di un Accordo Quadro di Servizi annunciato nel dicembre 2024. L’accordo, originariamente valutato 22 milioni di dollari per tre anni, ha registrato un aumento significativo del 50% nei livelli di servizio previsti per il primo anno di attività, iniziato a gennaio 2025.
Gli ordini di acquisto riguardano sia servizi di sviluppo software offshore che onsite. Questa espansione è in linea con le iniziative di trasformazione digitale della Vision 2030 dell’Arabia Saudita, dove NTG sta riscontrando un aumento dei rinnovi contrattuali con impegni più ampi e di durata più lunga.
Secondo Adam Zaghloul, VP di Strategia e Pianificazione, gli ordini ampliati riflettono la crescente domanda dei clienti e la loro soddisfazione per i servizi di NTG, portando a una crescita accelerata sia per l’azienda che per i suoi partner.
NTG Clarity Networks ha asegurado tres órdenes de compra por un valor total de 11,1 millones de dólares bajo un Acuerdo Marco de Servicios anunciado en diciembre de 2024. El acuerdo, originalmente valorado en 22 millones de dólares para tres años, ha experimentado un aumento significativo del 50% en los niveles de servicio previstos para su primer año de operaciones, que comenzó en enero de 2025.
Las órdenes de compra cubren tanto servicios de desarrollo de software offshore como onsite. Esta expansión está alineada con las iniciativas de transformación digital de la Visión 2030 de Arabia Saudita, donde NTG está viendo un aumento en las renovaciones de contratos con compromisos mayores y de mayor duración.
Según Adam Zaghloul, vicepresidente de Estrategia y Planificación, las órdenes ampliadas reflejan una creciente demanda y satisfacción de los clientes con los servicios de NTG, lo que conduce a un crecimiento acelerado tanto para la empresa como para sus socios.
NTG Clarity Networks는 2024년 12월에 발표된 마스터 서비스 계약 하에 총 1,110만 달러 규모의 세 건의 구매 주문을 확보했습니다. 원래 3년간 2,200만 달러로 평가된 이 계약은 2025년 1월 시작된 첫 해 운영에서 예상 서비스 수준이 50% 크게 증가했습니다.
이 구매 주문은 오프쇼어 및 온사이트 소프트웨어 개발 서비스를 모두 포함합니다. 이번 확장은 사우디아라비아의 비전 2030 디지털 전환 이니셔티브와 일치하며, NTG는 더 크고 장기적인 계약 갱신이 증가하는 추세를 보이고 있습니다.
전략 및 기획 부사장인 아담 자글룰에 따르면, 확대된 주문은 고객 수요 증가와 NTG 서비스에 대한 만족도를 반영하며, 회사와 파트너 모두의 가속화된 성장을 이끌고 있다고 합니다.
NTG Clarity Networks a obtenu trois bons de commande d'une valeur totale de 11,1 millions de dollars dans le cadre d'un accord-cadre de services annoncé en décembre 2024. Cet accord, initialement évalué à 22 millions de dollars sur trois ans, a connu une augmentation significative de 50 % des niveaux de service anticipés pour sa première année d'exploitation, débutée en janvier 2025.
Les bons de commande couvrent à la fois des services de développement logiciel offshore et sur site. Cette expansion s'inscrit dans les initiatives de transformation numérique de la Vision 2030 de l'Arabie Saoudite, où NTG constate une augmentation des renouvellements de contrats avec des engagements plus importants et sur des périodes plus longues.
Selon Adam Zaghloul, vice-président de la stratégie et de la planification, l'augmentation des commandes reflète la demande croissante des clients et leur satisfaction envers les services de NTG, entraînant une croissance accélérée pour l'entreprise et ses partenaires.
NTG Clarity Networks hat drei Bestellungen im Wert von 11,1 Millionen US-Dollar im Rahmen eines im Dezember 2024 angekündigten Rahmenvertrags gesichert. Der Vertrag, ursprünglich mit 22 Millionen US-Dollar über drei Jahre bewertet, verzeichnete für das erste Betriebsjahr ab Januar 2025 eine signifikante Steigerung der erwarteten Serviceleistungen um 50 %.
Die Bestellungen umfassen sowohl Offshore- als auch Onsite-Softwareentwicklungsdienstleistungen. Diese Erweiterung steht im Einklang mit den Digitalisierungsinitiativen der Saudi Vision 2030, wobei NTG vermehrt Vertragsverlängerungen mit größeren und längerfristigen Engagements verzeichnet.
Adam Zaghloul, VP für Strategie und Planung, erklärt, dass die erweiterten Aufträge die steigende Kundennachfrage und Zufriedenheit mit den NTG-Dienstleistungen widerspiegeln, was zu einem beschleunigten Wachstum für das Unternehmen und seine Partner führt.
- Secured $11.1M in new purchase orders, 50% higher than anticipated first-year service levels
- Three one-year POs received against $22M Master Service Agreement
- Expanded contract value indicates growing client trust and satisfaction
- Successfully executing on Saudi Arabia's Vision 2030 digital transformation projects
- None.
Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG") is pleased to announce it has received three Purchase Orders ("POs") against the Master Service Agreement previously announced in December 2024 estimated to be worth
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As digital transformation work related to Saudi Arabia's vision 2030 continues to accelerate, NTG is seeing continued renewals of contracts for larger engagements over longer periods of time.
"The growing demand for our services is clearly reflected in these expanded purchase orders," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "Clients are seeing real business impact from our work, and that success is fueling both the size and number of projects they entrust to us. It's incredibly rewarding to see the results we're delivering translate into accelerated growth for both NTG and our partners."
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/250234
FAQ
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