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Newgen Software Inc., a material subsidiary of Newgen Software Technologies Limited, has secured a Statement of Work (SoW) with a U.S.-based client valued at approximately USD 1.93 million for an initial duration of three years. This international agreement signifies a strategic development in Newgen's business operations, reinforcing its foothold in the U.S. market. The absence of any related party transactions indicates a straightforward nature of the agreement, which could bode well for investor confidence. This contract is expected to contribute positively to the company’s revenue stream over the contract period. Stakeholders may watch closely for further operational updates stemming from this engagement.