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KORE Pledges to Help Veterans Build Careers in IoT

11 minute read

Support for Armed Forces helps build careers in IoT

ATLANTA (June 23, 2023)KORE, a global leader in Internet of Things (“IoT”) Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today their “Veterans in IoT’’ program, which aims to make it easier for veterans and reservists to build careers in IoT.

Earlier this month, KORE signed the Armed Forces Covenant, a pledge to help veterans find success after service - a daunting task for many service personnel who struggle to reacclimate to civilian life, or “civvy street” as it’s often referred.

Over 70 percent of Armed Forces veterans struggle to adjust to civilian working life, according to research from Openreach, the UK’s largest private sector Armed Forces employer. On average, it takes seven months for a veteran to find employment.

The issue also extends across the pond, with over 50 percent of U.S. service members unable to find employment after leaving active duty, according to a U.S. Chamber of Commerce Foundation study. Given today’s changing job landscape, many veterans have difficulty finding career paths as civilians; however, KORE is looking to change that.

With help from its HR programs in mentoring, career pathing, and volunteering, KORE is creating an easier path for veterans to lend their talents to the IoT sphere.

“Veterans bring a wealth of skills and knowledge to the workplace. Here at KORE, we have many veterans on our global IoT team,” KORE President and CEO Romil Bahl said. “KORE is honored to give back by creating an opportunity for them to bring their skills to the IoT family.”

More than 15,000 veterans enter civilian life each year, bringing with them a diverse range of backgrounds, training and education – all of which gives them applicable skills to thrive in the tech world, and at IoT companies like KORE.

Part of KORE’s “IoT for Good” initiative, “Veterans in IoT” also highlights the experience of veterans currently working for the company.

James Benson, former base civil engineer for the U.S. Air Force, and current member of KORE’s legal department, is excited to be a part of the mentorship program the company is launching for veterans joining its IoT workforce.

“When I joined the Air Force, I was assigned a unit sponsor, or a mentor, who helped me acclimate to life on base. It really made all the difference in the world,” Benson said. “At KORE, I’m excited to do the same for veterans joining our IoT family.”

As Richard Tuke, former service member and current Vice President of Sales with KORE EAP, said, “navigating civilian life after service can be tough. But initiatives like this make it easier for veterans to find career paths in growing fields like IoT and tech.”

KORE’s goal is to increase the number of veterans in their workforce by 50 percent over the next five years.

To learn more about KORE’s own Veterans in IoT, watch this video and visit www.armedforcescovenant.gov to pledge your support. 

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 Investors Contact
Charley Brady
Vice President, Investor Relations

KORE Media Contact
Carla Deisenroth
Vice President, Strategy & Marketing


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.

Topic(s): Featured , General

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