NTG Clarity Announces Work Valued at $14.1M and New Frame Agreement

Rhea-AI Summary

NTG Clarity (OTC Pink: NYWKF) announced new purchase orders and renewals totalling approximately $14.1M CAD and a signed two-and-a-half-year frame agreement expected to generate in excess of $10M over the engagement.

The company said $9.2M of the POs bill against a previously disclosed $53M three-year framework; expected gross margins are in the 35%–40% range. Approximately $1.6M of NTGapps orders are with Iraqi customers, and additional frame agreements are in advanced negotiations.

Positive

• $14.1M CAD in new purchase orders and contract renewals
• $9.2M of POs tied to the existing $53M three-year framework
• Signed a two-and-a-half-year frame agreement expected to exceed $10M
• Target gross margins of 35%–40% on new engagements

Negative

• No contractually guaranteed minimum on the new frame agreement
• Revenue concentration in Gulf and Iraq markets may raise geographic exposure

Toronto, Ontario--(Newsfile Corp. - February 17, 2026) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF) NTG Clarity ("NTG") is pleased to announce that it has secured new purchase orders ("POs") and contract renewals totaling approximately $14.1M CAD. The Company has also entered into a new multi-year frame agreement and expects additional frame agreements to follow in the near term.

• $14.1M in contract renewals, expansions, upselling, and related purchase orders with existing customers including:

  • $2.9M in renewed POs and contracts for offshore and onsite software development services.

    • Several of these renewals include an increase in the number of contracted resources.

  • $9.2M in 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.

  • $2M in purchase orders for NTGapps with existing Financial and Telecom clients.

    • Several of these renewals represent additional scope to existing implementations, showing NTGapps' potential to expand customer engagements

The Company expects all new contracts to fall within its standard gross margin range.

Notably, approximately $1.6M of the NTGapps purchase orders are with Iraqi customers. NTG has been providing software products to Iraqi customers for over four years as Iraq continues to prioritize digitization similar to Saudi Arabia. NTG is building a reputation and professional network which is leading to growth in the Iraqi market keeping pace with growth from Saudi Arabia.

"Leading enterprises in Saudi Arabia and elsewhere in the Gulf continue to invest aggressively in digital transformation, and the demand for experienced teams who can deliver complex implementations with security and reliability as core differentiators continues to grow," said Adam Zaghloul, Vice President of Strategy & Planning. "Our clients are actively referring us to their affiliates, which speaks directly to the caliber of work NTG delivers. Having invested deliberately in our team throughout 2025 to meet this growing demand, we are well positioned to deliver for our clients."

New Frame Agreements

NTG's track record of successful delivery in Saudi Arabia continues to generate new business through client referrals. Several of NTG's key customers, portfolio companies of one of the region's largest investment entities, have referred NTG to their sister portfolio companies based on their satisfaction with the Company's work and through review of companies providing these services in the region.

As a direct result, NTG has signed a two-and-a-half-year frame agreement with one of these referred enterprises and expects to begin receiving purchase orders against it in the coming months. While there is no contractually guaranteed minimum spend, NTG expects the contract to generate in excess of $10M over the course of the engagement based on the anticipated scope of work with gross margins in our typical range of approximately 35% to 40%. Additional frame agreements with other portfolio companies of the same investment entity are currently in advanced negotiations.

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/284032

FAQ

What did NTG Clarity (NYWKF) announce on February 17, 2026 regarding new contracts?

NTG Clarity announced approximately $14.1M CAD in new purchase orders and renewals. According to NTG Clarity, the company also signed a two-and-a-half-year frame agreement expected to generate in excess of $10M over the engagement.

How much of the $14.1M in NTG Clarity (NYWKF) orders are linked to the $53M framework?

$9.2M of the purchase orders represent billings against the existing $53M three-year framework. According to NTG Clarity, those POs are for specific scopes as delivery ramps up under the framework.

What gross margins does NTG Clarity (NYWKF) expect on the new contracts?

NTG Clarity expects new contracts to fall within its standard gross margin range of 35%–40%. According to NTG Clarity, margin expectations apply across the reported purchase orders and the new frame agreement.

Does the new NTG Clarity (NYWKF) frame agreement include a guaranteed minimum spend?

The signed two-and-a-half-year frame agreement does not include a contractually guaranteed minimum spend. According to NTG Clarity, the company nevertheless expects the engagement to generate in excess of $10M based on anticipated scope.

How significant are Iraqi orders in NTG Clarity's (NYWKF) recent NTGapps bookings?

About $1.6M of the NTGapps purchase orders are with Iraqi customers. According to NTG Clarity, the company has supplied software to Iraq for over four years and sees expanding demand there.