C01380-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,806,726,314 |
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Subject of the Disclosure |
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Execution of Memorandum of Understanding between NOW Corporation and UltraPass Identity Asia, Inc. |
Background/Description of the Disclosure |
On 12 March 2024, NOW Corporation and UltraPass Identity Asia, Inc. have teamed up and executed a Memorandum of Understanding to offer decentralized identity solutions, aimed to safeguard critical infrastructure and enhance access to ICT systems and projects in the Philippines and the IndoPacific region. This partnership, bolstered by the NOW Group’s recent grant from USTDA for deployment of a trusted 5G network and nationwide broadband network, seeks to accelerate the adoption of biometric authentication and privacy-preserving data sharing, fostering social and economic growth while ensuring secure connectivity in the Philippines. |
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 UltraPass Identity Asia, 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 |
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Designation | Corporate Secretary |