QIS Update #14 2015 - September 24th 2015
Included in this update:
- NTG Clarity Networks expands customer base and sales region
NTG Clarity Networks’ CEO, Ashraf Zaghloul, recently conducted a radio interview with The Stock Radio. This 5 minute interview is well worth a listen to get an update on the company’s current operations.
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NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.295 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Networks Inc. has announced that the Company has started work on projects with three new clients and will start marketing its services in Silicon Valley, California. The three projects are valued at over $1 million. It is worth noting that two of the projects are for operators that belong to a large regional group in the Middle East and the other project is with one of the top three global telecom equipment manufacturers. This is the second consecutive quarter that NTG Clarity has announced a project with a large global telecom company that it is doing significant business with for the first time.
In addition, NTG Clarity has been selected to participate in the Canadian Technology Accelerator Program in Silicon Valley. As part of this program, NTG will be provided space in the Plug and Play Tech Center in Sunnyvale, California. NTG will use the space as an office to launch Stage EM in California. NTG Clarity will also participate in the official CTA Fall Program launch on September 24, 2015.
“These are significant new clients for NTG and each creates the possibility for high potential follow-on projects,” stated Ashraf Zaghloul, NTG Clarity's Chairman and Chief Executive Officer. “Also, utilizing the office in California will help NTG to launch Stage EM and our other products and services in the United States. These initiatives will help NTG to continue to diversify its customer base, add new geographic sales regions, and expand its product sales.”
QIS Capital: Several investors we have spoken to over the years have expressed a concern that NTG Clarity was too focused in the Middle East. Today’s press release is an important step in further diversifying the company’s revenue base, with a focus on the lucrative North American market. Another project with a major Telco also adds credibility to NTG Clarity’s products and services. The company is gearing up for a very busy Q4 with the rollout of StageEM and continues to forecast growth into the foreseeable future.
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