Pentanet's Amendment to GeForce NOW Alliance Partner Agreement

Pentanet Limited (ASX: $5GG) has announced the extension of its alliance agreement with NVIDIA, amending the GeForce NOW Alliance Partner Agreement to include New Zealand as a serviceable territory. The agreement also solidifies Pentanet's position as the exclusive distributor of GeForce NOW in Australia. Since the launch, Pentanet has garnered over 530,000 GeForce NOW Powered by CloudGG members, with a strong base of paid memberships covering the early stage costs. The cloud gaming market in Australia is expected to witness substantial growth in the upcoming years.

Executive Commentary on Amendment and Market Position

Pentanet Managing Director, Mr Stephen Cornish, expressed the company's successful collaboration with NVIDIA and the transition to a Capex deployment model aligned with their needs. He also highlighted Pentanet's first right of refusal to continue as the sole distributor for GFN in Australia, emphasizing the growing demand for cloud gaming in their territory. Phil Eisler, Vice President of GeForce NOW at NVIDIA, commended Pentanet for fostering an engaged cloud gaming community in Australia and delivering high-performance gaming experiences to gamers nationwide.

Summary of Pentanet's Amendment and Market Outlook

Pentanet's amendment to the GeForce NOW Alliance Partner Agreement with NVIDIA signifies the company's expansion into New Zealand and solidifies its exclusive distribution rights in Australia. With a substantial membership base and positive EBITDA in the gaming segment, Pentanet is well-positioned to capitalize on the projected growth of the cloud gaming market in Australia. The company's commitment to pushing the boundaries of gaming and internet connectivity, as acknowledged by NVIDIA, reflects its ambitions in the gaming sector. Pentanet's outlook remains optimistic as it continues to demonstrate a strong foothold in the evolving cloud gaming landscape.