SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
- 1. Date of Report (Date of earliest event reported)
- Nov 15, 2023
- 2. SEC Identification Number
- A199600179
- 3. BIR Tax Identification No.
- 004-6688-224
- 4. Exact name of issuer as specified in its charter
- NOW CORPORATION
- 5. Province, country or other jurisdiction of incorporation
- METRO MANILA, PHILIPPINES
- 6. Industry Classification Code(SEC Use Only)
- 7. Address of principal office
- Unit 5-I, 5th Floor OPL Building, 100 C. Palanca Street, Legaspi Village, Makati City Postal Code 1229
- 8. Issuer's telephone number, including area code
- +632 88102548
- 9. Former name or former address, if changed since last report
- -
- 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
-
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common 1,806,726,314 - 11. Indicate the item numbers reported herein
- -
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Now CorporationNOW
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules
| Subject of the Disclosure |
|---|
Signing of Memorandum of Understanding |
| Background/Description of the Disclosure |
NOW Corporation is partnering by way of MOU with Rivada Space Networks, a German satellite communication service company, to provide a unique next generation connectivity network for the Philippines. NOW will harness the OuterNETT, Rivada’s global low-latency point-to-point connectivity network of 600 low earth orbit (LEO) satellites, with seamless connectivity that will ramp up performance, improve security, and increase customer efficiency. Rivada’s industry-leading solutions will provide resiliency for high quality voice, video and data solutions to enterprises that require secure infrastructure, such as banking and financial services, mining and transportation. This approach to “orbital networking,” in which data stays in space from origin to destination, creates an ultra-secure satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over similar long distances. By routing traffic on a physically separated network, it provides a layer of defense for any organization that needs to securely share data between widely distributed sites. The OuterNET allows satellites to go beyond their traditional role of ‘gap-filler.’ It is a fully inter-connected space network, which is rapidly becoming the infrastructure of choice for secure data communications. |
| Other Relevant Information |
The foregoing disclosure contains forward-looking statements and soft information that are based on the terms of the Company's partnership with Rivada Space Networks and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements. |
| Name | Angeline Macasaet |
|---|---|
| Designation | Corporate Secretary |