23 February 2024

New York, USA / Manila, Philippines

Veea Inc. (“VEEA”), a leader in integrated smart edge connectivity, computing and security technologies and publicly listed firm Manila-based NOW Corporation (“NOW Corp”) have forged a strategic alliance through a Memorandum of Understanding (MOU) targeting the Philippine enterprise market. The focus is to deliver private wireless LAN solutions.

The MoU outlines a collaborative effort to enhance NOW’s existing connectivity framework, focusing on the deployment of bespoke, stand-alone (SA) private wireless LAN solutions tailored for the enterprise market.

The Veea-NOW partnership will target key enterprise markets, offering value-added services delivered by Veea’s Edge Platform and taking advantage of NOW Corp’s telecommunications and technology capabilities. Veea and NOW Corp are also collaborating on strategic areas of growth to extend Digital Equality and Digital Inclusion into target markets, providing effective solutions such as affordable connectivity, Climate Smart Agriculture, edge-medical clinics, edge-u-cation programs and other solutions that promote community development.

Veea is thrilled to partner with NOW to improve and expand edge connectivity in the Philippines utilizing our combined technologies. Advancing edge connectivity capabilities provides tremendous value to enterprises and greater economic and social benefits to individuals and communities,” says Allen Salmasi, Chairman and CEO of Veea. “Veea’s hyper-converged edge platform is uniquely positioned to complement NOW’s technology to deliver first-in-class private wireless LANsolutions to the Philippines.“

“We look forward to working with Veea as we bring their technology to the enterprise market in the Philippines. This initiative supports NOW’s connectivity and ICT portfolio as we approach enterprises for their digital transformation roadmap,” says Henry Andrews Abes, President and CEO of NOW Corp.

About Veea

Veea is redefining and simplifying secure edge computing in a way that improves application responsiveness, reduces bandwidth costs, and eliminates central cloud dependency. VeeaHub® Smart Computing Hubs™ integrate a full range of connectivity options, application processing power, and a full security stack to form an elastic edge computing platform with a dynamic connectivity and application mesh that can easily be deployed and centrally managed from the cloud. Veea Edge Services run across this application mesh to deliver secure remote access, IoT/IIoT/AIoT, and a wide range of smart applications. These elements along with a range of groundbreaking vertical-specific applications comprise the Veea Edge Platform, serving the needs of organizations across Smart Buildings, Smart Energy, Smart Cities, Smart Construction, Smart Farming, Smart Retail, and other industry verticals. Veea was formed in 2014 and is headquartered in New York City, with its engineering activities located in Bath, UK, and Iselin, New Jersey, USA, along with sales and support throughout the US, France, South Korea, and Brazil. Veea was named by Gartner as a 2021 Cool Vendor in Edge Computing. For more information, visit https://www.veea.com/. Follow us on LinkedIn

About NOW Corporation

The NOW Group is Philippine-based conglomerate with investments in telecom, media, and technology (TMT). Among its portfolio of companies is NOW Corporation, a publicly traded company in the Philippine Stock Exchange (PSE: NOW). NOW specializes in offering Unified Connectivity, ICT Applications for Business Enhancement, Managed ICT Services, IT Manpower Services, and Cybersecurity solutions.

In a significant development in November 2022, the U.S. Government recognized NOW Telecom, an affiliate of NOW Corp, as its partner in deploying 5G technologies and establishing a secure nationwide broadband network across the Philippines. For a preliminary insight into the partnership between NOW Telecom and the U.S. Government, kindly visit https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/20/fact-sheet-vice-president-harris-launches-new-initiatives-to-strengthen-u-s-philippines-alliance/