Pentanet Limited confirmed discussions are nearing completion to further the GeForce NOW Alliance Agreement and exclusivity in Australia under new commercial terms. These will allow the introduction of next-gen RTX3080 hardware and higher tier plans. New Zealand will also be formally recognised as a Pentanet serviceable territory with a pathway to include new additional neighboring territories in the future. The Company will continue investing in the next-generation cloud gaming infrastructure by purchasing the RTX 3080 SuperPODs funded by the 5-year term Westpac Banking Corporation loan facilities.

Since the platform launched in Australia in October 2021, the service has signed on over 270,000 members who have streamed more than 180 million minutes of gameplay from the cloud. Set to launch in 2023, the RTX 3080 membership gives users access to a dedicated 3080 GPU in the cloud, which provides a significant performance boost over the existing GeForce NOW subscription tier and further access to more of the cloud gaming market, with the GeForce NOW RTX 3080 enabling games to run up to 4K 60FPS or 1440p at 120FPS on PC and Mac, 4K HDR at 60FPS on NVIDIA SHIELD® TV, and up to 120 FPS on select Android devices.