The Next Generation Deep Extragalactic Exploratory Public (NGDEEP) survey program was designed specifically to include Near Infrared Slitless Spectroscopic observations (NGDEEP-NISS) to detect multiple emission lines in as many galaxies as possible and across a wide redshift range using the Near Infrared Imager and Slitless Spectrograph (NIRISS). We present early results obtained from the the first set of observations (Epoch 1, 50$\%$ of the allocated orbits) of this program (NGDEEP-NISS1). Using a set of independently developed calibration files designed to deal with a complex combination of overlapping spectra, multiple position angles, and multiple cross filters and grisms, in conjunction with a robust and proven algorithm for quantifying contamination from overlapping dispersed spectra, NGDEEP-NISS1 has achieved a 3$\sigma$ sensitivity limit of 2 $\times$ 10$^{-18}$ erg/s/cm$^2$. We demonstrate the power of deep wide field slitless spectroscopy (WFSS) to characterize the star-formation rates, and metallicity ([OIII]/H$\beta$), and dust content, of galaxies at $1Comment: 33 pages, 28 Figures, Accepted (ApJ)