Science & Technology
Science and Technology
Science and Technology
Mon, April 11, 2011
TORONTO, ONTARIO--(Marketwire - April 11, 2011) - NTG Clarity Networks Inc. (TSX VENTURE:NCI) is pleased to announce that it has received a Letter of Award (LOA) totaling US$5.65 million from a leading telecommunications company based in the Middle East. The contract is comprised of the initial installation of software, hardware, and licenses as well as a 3 year agreement for support and managed services. NTG Clarity expects to receive the formal purchase order in the next 4 weeks.
This is by far the largest LOA/Contract received by NTG Clarity to-date and represents the increasing awareness and credibility the Company is gaining in the telecommunications industry, particularly in international markets where the sector is being deregulated.
"NTG is very pleased with this Letter of Award given its dollar value and the fact that the order was received from a new customer. As we provide our products and services to this client, we expect that the benefits of the NTS OSS/BSS solution will lead to continuing service opportunities and new revenue streams", stated Ashraf Zaghloul, NTG Clarity's Chairman and CEO.
About NTG Clarity Networks
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity is a leader in Canada in delivering networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 200 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
