NTG Clarity Networks Inc. announced that on April 19, 2023 it signed a three year Professional Services Supply Agreement with a leading IT services company in the Gulf Region that provides services to both the public and private sectors. NTG will provide software development and IT resources both onsite and offshore in Egypt Offshoring Centre. The work starts April 19, 2023 and NTG has started onboarding of the resources.

The customer will issue purchase orders for each group of resources that are selected. This is one of the largest offshoring agreements for NTG to-date. This agreement in its whole three years duration has a maximum value ceiling amount of approximately CAD 10.7 million and estimated expenses of CAD 8 million.

As this is a Frame Agreement, it will be utilized by the issuing of Purchase Orders (POs). The actual amount of the Agreement will depend on the value of the POs the customer issues to NTG.