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)
- Aug 17, 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 among NOW Corporation, CELONA, Inc, and NOW Telecom Company, Inc. |
| Background/Description of the Disclosure |
On 17 August 2023, NOW Corporation, together with CELONA, Inc., a Silicon Valley-based leading innovator of enterprise private wireless systems and NOW Telecom Company, Inc., signed a Memorandum of Understanding to deliver next generation private wireless 5G LAN solutions to enterprises throughout the Philippines. Under the MOU, the parties agree to pursue, collaborate, and focus on the expansion of NOW’s current broadband telecom network by rolling out turnkey stand-alone (SA) private wireless networks specifically engineered for the enterprise market. NOW will leverage on CELONA’s products and technology to help businesses expedite bringing private wireless network applications to market, streamlining costs, mitigating operational challenges, simplifying the customer experience, and enabling the ability to easily scale their connectivity as demands change. NOW will utilize CELONA’s complete end-to-end portfolio of new NR products as part of its private wireless managed service offering. The CELONA-NOW partnership will target key vertical markets such as manufacturing, oil and natural gas, logistics and transportation ports looking to automate business processes, improve productivity and streamline operations. |
| Other Relevant Information |
The foregoing disclosure contains soft information and/or forward looking statements that are based on the terms of the partnership among CELONA, Inc., NOW Corporation and NOW Telecom Company, Inc 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 |