WATERFORD, N.Y.--(BUSINESS WIRE)--Mar. 22, 2019-- MPM Holdings Inc. (Momentive or the Company) (OTCQB: MPMQ) today announced it has taken steps to reinstate its network and resume normal operations as quickly as possible in response to a recent network security incident that prevented access to certain information technology systems and data within the Companys network.
The company took immediate litigate to take the incident and has implemented its concern continuity plan. The companion is working closely with external cybersecurity experts to restore its affected info technology systems. Since the time of the incident, the Companys manufacturing processes, which rely on break networks, have continued to run safely, largely without interruption, and in compliance with all environmental regulations. The impact from the security incident has primarily impacted the Companys corporate functions. Momentive has also taken additional precautionary measures to ensure the continued safe operations of its sites.