NTG Clarity Announces Three-Year Framework Agreement with Major Saudi Real Estate Development Company

Executive Summary

• NTG Clarity Networks Inc. signed a three‑year Framework Agreement with a vertically integrated real‑estate development company in Saudi Arabia, establishing an initial spending ceiling of approximately C$18.2 million and projected gross margins of ~36%.
• The agreement provides offshore and onsite digital‑transformation services focused on IoT and Smart City solutions; revenue will be recognized as purchase orders are issued, with the first POs expected in the coming months.
• The deal represents one of NTG’s largest engagements targeted for 2025‑2026 and underscores continued demand for digital transformation despite heightened regional geopolitical tensions.

Key Details

• Agreement Scope: Three‑year term; no minimum spend commitment; initial ceiling C$18.2 M in customer spending.
• Service Offering: Offshore/on‑site software development, IoT, Smart City solutions; delivery model leverages NTG’s offshore centers (e.g., Egypt).
• Financial Terms: Expected gross margin of ~36% on the contract; revenue recognized per individual purchase order as work is completed.
• Purchase Orders: Individual POs will be disclosed as received; initial orders anticipated in the next few months.
• Strategic Significance: One of NTG’s largest targeted engagements for 2025‑2026, reflecting successful referral‑driven customer acquisition and positioning NTG as a long‑term strategic partner for a major Saudi investment portfolio company.
• Regional Context: Ongoing military escalation in the Middle East has not materially disrupted NTG’s operations or employee safety; primary delivery centers remain unaffected.
• Management Quote: “Winning the trust of another portfolio company within one of the region's most significant investment groups is a direct reflection of the caliber of work we deliver… This agreement gives us a multi‑year platform to grow with a customer whose digital transformation needs are expected to scale meaningfully.” – Adam Zaghloul, Vice President of Strategy & Planning.

Notable Quotes

• “This agreement gives us a multi-year platform to grow with a customer whose digital transformation needs are expected to scale meaningfully as their projects advance… we believe this positions us well to become a long‑term strategic partner.” – Adam Zaghloul, Vice President of Strategy & Planning, NTG Clarity.