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Toronto, ON / TheNewswire / March 13, 2024 / NTG Clarity Networks Inc. (TSX.V:NCI, OTC: NYWKF); NTG Clarity Networks Inc. is excited to announce its signing of four projects for the licensing and implementation of its NTGapps platform.
In recent years, NTG Clarity has been developing NTGapps. NTGapps is a powerful low-code development tool that offers rapid application development by users who need no knowledge of software development languages. Plug-and-play templates allow users to create their own business operation tools like HR, CRM, asset management, and many more. The projects are as follows:
Two separate projects to implement end-to-end Enterprise Resource Planning (ERP) systems
One project to implement a payroll platform for enterprise human resources use
One project to implement a mobile app to support billing, collections, and meter reading for a utilities operator
This is the same utilities operator with whom we implemented a previously announced water utility billing solution. This is an expansion to their solution.
It’s important to note that all of these projects are with customers based in Iraq. NTG has not historically operated in Iraq; however, in recent years, Iraq has been a rapidly growing emerging market in need of technology and software to help them meet their growth goals. NTG Clarity has a partnership with an Iraqi company that brings our products and services to the growing Iraqi market. This partnership is the driver behind our growing presence in Iraq.
Alongside the technical and business functions of NTGapps, global companies value the high level of localization with built-in multi-language support for English and Arabic, as well as many other languages. In addition to license fees, these projects will give NTG recurring revenue for maintenance and support. Financial information for these projects will be discussed in separate release(s).
“It’s great to see growing traction for our NTGapps platform in such broad enterprise use cases,” said Ashraf Zaghloul, CEO of NTG Clarity. “With our software offerings gaining ground in new markets, and our outsourcing offering showing record growth, we’re on our way to being a worldwide go-to provider of software and outsourcing services.”
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 600 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information:
Adam Zaghloul, Vice President, Strategy & Planning
NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
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