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)
- Oct 27, 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
- 9. Other Events
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 |
On 27 October 2023, NOW Corporation has inked an alliance by way of a Memorandum of Understanding with Mangata Networks, Inc., a US-based company offering satellite-enabled connectivity and intelligent edge computing solutions. This collaboration comes as a direct response to the increasing demand from enterprises in the Philippines for robust, high-capacity, low-latency connectivity. By leveraging Mangata Networks' multi-orbit satellite constellation, NOW can offer enhanced services and ensure network resiliency to its customers. Mangata’s initial 32-satellite constellation will consist of 8 HEO (highly elliptical orbit) and 24 MEO (medium Earth orbit) satellites. Mangata’s secure, low-cost solution complements NOW’s commitment to providing affordable and secure connectivity in the Philippines focused on addressing the sophisticated demands of the market. Through this partnership, NOW customers will have access to Mangata Networks' MangataEdge™, which extends the reach of 5G and IoT connectivity into hard-to-reach areas, bringing cloud applications closer to users. Moreover, this partnership is in alignment with the USTDA grant initiative to develop digital infrastructure and expand access to reliable connectivity across the country. Mangata’s spectrum and orbits have been approved by the International Telecommunications Union (ITU), the international governing body that regulates the use of radio frequency spectrum. |
| Other Relevant Information |
The foregoing disclosure contains soft information and/or forward looking statements that are based on the the terms of the signed agreement 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 |