KORE’s MODGo addresses organizations’ needs for ease of implementation, visibility and control of IoT devices, as well as related logistics and managed services
ATLANTA (Feb. 22, 2023) – KORE, a global leader in Internet of Things (“IoT”) Solutions and worldwide IoT Connectivity-as-a-Service (“IoT CaaS”), will launch and demonstrate its new technology software MODGo, which provides a unified, digital approach to IoT asset management, at Mobile World Congress Barcelona. This cutting-edge solution provides a streamlined approach to managed services, designed to help organizations overcome the challenges of IoT implementation and management.
“KORE MODGo represents true customer-led innovation. It is a SaaS solution that addresses the key difficulties organizations experience with their IoT deployments and streamlines the entire process of implementing and managing connected devices,” KORE President and CEO Romil Bahl said. “We know that in order for companies to embrace IoT and reap its tremendous benefits for themselves and their end customers, we must reduce the complexities not just at startup but also throughout the entire lifecycle of the solution.”
MODGo, a SaaS-based platform, makes it easy to Manage, Order, and Deploy IoT on the Go, providing organizations with a single solution to simplify the entire process. With MODGo, organizations achieve greater control over their IoT ecosystem, including device deployment, network connectivity, hardware configuration, inventory and order management, device monitoring, lifecycle management and reverse logistics.
For example, an organization selling devices for usage-based vehicle insurance must first manage the logistics – getting the devices to the right customers – before even addressing the complexities associated with IoT, for example, configuring the devices with the requested network connectivity and data plan. Once a customer receives the devices, the customer then needs to assess whether the devices are working properly, transmitting data, and accurately reporting. If the customer needs additional or replacement devices or to send back old devices for repurposing or disposal, the organization is responsible for that, as well.
KORE customer IMS, a leading vehicle driving data and connected insurance solution provider, collaborated with KORE on the development of MODGo and described the impact on its operations.
“IMS is driven by a sensor-agnostic and engagement-centric approach to mass-market connected insurance solutions. If that data collection sensor is a piece of hardware, then success relies upon a series of interrelated complex processes extending across order to device monitoring. We have helped KORE design MODGo in a way that enables us to simplify, visualize and control each of these complex steps, enrollment, shipping, tracking, asset managements; along with SIM activations and smart monitoring," said Steve Slater, Vice President Operations and Supply Chain - Americas, IMS.
“E-tailers like Amazon have raised the bar for direct-to-customer logistics and have created very high expectations on the part of consumers. This new approach with KORE will allow us to make sure we can meet these expectations and provide best-in-class fulfillment service for our customers,” added David Lukens, Senior Vice President Sales - North America, IMS. “This innovation enables us to continue to deliver the highest levels of program success to our insurance customers, by ensuring their consumers are engaged and supported with the highest qualify supply chain services and experiences.”
MODGo Launching at MWC Barcelona
KORE will be demonstrating MODGo during MWC Barcelona February 27 through March 2, 2023. Attendees are encouraged to schedule a meeting with KORE on-site for a free demonstration and more information about how MODGo and the entire KORE portfolio is designed to simplify IoT.
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.
About IMS
IMS (Insurance & Mobility Solutions) is a vehicle and driving data business, delivering enterprise solutions to global insurers, mobility operators and governments. The IMS DriveSync platform provides the capability for customers to improve their approach to pricing, customer engagement, risk management and claims handling by leveraging telematics data from any source – smartphone apps, aftermarket hardware and OEM embedded units. The company, with offices across the UK, Europe and North America, has analyzed over 15 billion driving miles and its algorithms are fed by trillions of data points each day. For more info visit ims.tech.
KORE Investors Contact:
Charley Brady
Vice President, Investor Relations
investors@korewireless.com
+1-678-392-2335
KORE Media Contact:
Carla Deisenroth
Vice President, Strategy & Marketing
cdeisenroth@korewireless.com
+1-248-982-2759
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.
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