Atlanta (Oct. 11, 2021) — KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) (“KORE”), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today that its President and CEO Romil Bahl will participate in one of finance’s longest-held traditions by opening the trading of equities on the New York Stock Exchange with the ringing of the Opening Bell®. Tune in on Tuesday, Oct. 12 at 9:26 a.m./Eastern to watch the festivities on your favorite business news channel.
KORE is one of the first global, pure-play IoT businesses to become a listed company. It is further distinguished in the marketplace by its unique one-stop-shop offering that enables customers to deploy, manage, and scale their IoT efforts efficiently and effectively.
“Participating in this tradition reflects our customers’ belief in the value we bring to simplifying their IoT deployments, and our employees’ collective achievements to execute on our transformational strategy – to both groups, thank you,” said Bahl. “The ‘decade of IoT’ is underway. Ringing the bell at the NYSE helps raise the awareness of the role that IoT and KORE are playing as the planet becomes more and more connected.”
“We are excited to welcome KORE to the NYSE community, joining an extraordinary network of NYSE-listed companies that are at the forefront of disruption and innovation,” said Amanda Hindlian, Global Head of Capital Markets for the NYSE.
The NYSE also will live stream the bell-ringing celebration from its website, which can be accessed here. The bell ringing is scheduled for 9:26 - 9:30 a.m. Eastern Time on Tuesday, Oct. 12. A video of the ceremony will be archived on the NYSE website page following the livestream. Photos from the ceremonial event will be available on LinkedIn and Twitter.
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 www.korewireless.com.
Jean Creech Avent
Vice President, Investor Relations and Public Relations
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 estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations. These statements are based on various assumptions and on the current expectations of CTAC or 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 CTAC and/or 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; 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 and CTAC anticipate that subsequent events and developments will cause these assessments to change. However, while KORE and/or CTAC may elect to update these forward-looking statements at some point in the future, each of KORE and CTAC 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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