KORE Empowers National Retailer's Digital Transformation with 5G Connectivity

ATLANTA (August 29, 2023) –  KORE, a global leader in IoT solutions and a pioneering IoT hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced its collaboration with a major national retailer to catalyze its digital transformation. By delivering advanced 5G connectivity, KORE is powering a nationwide shift towards digital-first retail, from security systems to customer experiences.

In a world where digital prowess is paramount, reliable connectivity is the cornerstone of innovation. KORE's 5G solutions and services, including failover options, provide the link for these retailers to reimagine inventory management, business operations, and customer service.

"Long gone are the days of interrupted sales or laborious stock checks," said Romil Bahl, KORE's President and CEO. "KORE's 5G connectivity will ensure business continuity for this retail chain, even when primary connections fail, while also putting agile inventory and operations management in action.”

KORE’s commitment to its customers goes beyond connectivity. The company's hardware sourcing and managed services streamline installations and configurations, ensuring a frictionless digital transition.
This digital transformation isn't just about mitigating risks; it's about affordability and efficiency. Bahl emphasizes, "KORE's 5G service guarantees reliability and eliminates hefty building costs, a stark contrast to the burdensome expense of wired services."

KORE's alliance with the national retailer signals a turning point for retail, where 5G connectivity pioneers a new era. Retailers nationwide are embracing this transformation, driven by the agility, efficiency, and robustness of KORE's advanced solutions.

About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. For more information, visit korewireless.com. 

KORE Media Contact

Carla Deisenroth
Vice President, Strategy & Marketing
cdeisenroth@korewireless.com
+1-248-982-2759

Forward-Looking Statements

The Company’s expectation regarding the timing of the filing of the 10-K and the expectation of the effect of misstatements in prior financial periods are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  The actual timing of the filing and the effect of the misstatements may differ significantly from the Company’s expectation due to a number of risks and uncertainties, including the Company and its independent auditors’ inability to complete the work required to file the Annual Report in the anticipated time frame.

Cautionary Note on Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” may,” “will,” “estimate,” “continue,” "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding KORE’s future product or service offerings, projections of market opportunity and conditions, and related expectations. These statements are based on various assumptions and on the current expectations of KORE’s management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; risks relating to the integration of KORE’s acquired companies, changes in the assumptions underlying KORE's expectations regarding its future business; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. KORE anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.