Launch simplifies procurement and deployment of
solution for real-time asset tracking and condition monitoring of
in-transit goods globally
KORE, a global leader in Internet of Things ("IoT") solutions
and worldwide Connectivity-as-a-Service (CaaS), last week announced
the availability of Critical Asset Monitoring in AWS Marketplace.
Critical Asset Monitoring (CAM), powered by Visilion, is a
comprehensive solution that enables businesses to visualize and
mitigate the risks associated with global, multi-modal supply chain
operations.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210415005637/en/
Simplify procurement and deployment of
solution for real-time asset tracking and condition monitoring of
in-transit goods (Photo: Business Wire)
AWS Marketplace is a digital catalog with thousands of software
listings from ISVs that makes it easy to find, test, buy, and
deploy software and services that run on Amazon Web Services (AWS).
The ability to procure CAM through AWS Marketplace makes it easier
than ever for manufacturers, freight forwarders, and logistics
organizations to mitigate risks, ensure quality, and certify chain
of custody.
“The complexity of deploying IoT solutions has held businesses
back for far too long, and this includes monitoring
mission-critical assets across supply chains and cold chains the
world over,” said Romil Bahl, President and CEO of KORE. “We are
committed to driving innovation for our customers and launching the
CAM solution in the AWS Marketplace is another way we simplify the
process of IoT adoption and deployment.”
The CAM solution includes advanced tracking devices with sensors
and cellular communications, cloud analytics, and reporting tools
as a service. Users have visibility into the conditions of the
asset in transit and are immediately notified of events that can
jeopardize the quality, integrity, and security of the product,
such as route anomalies, temperature deviation, shock, and
tilt.
KORE offers a three-month starter pack for new customers
interested in trying Critical Asset Monitoring. To learn more,
please visit: https://aws.amazon.com/marketplace
KORE recently announced that it has entered into a definitive
merger agreement with Cerberus Telecom Acquisition Corp. (NYSE:
CTAC.U, CTAC, CTAC WS), a special purpose acquisition company
affiliated with Cerberus Capital Management, L.P. Upon completion
of the transaction, which is expected in mid-2021, the combined
company expects to be listed on the New York Stock Exchange under
the ticker symbol KORE.
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
www.korewireless.com.
Important Information and Where to Find It
This press release references proposed merger transaction
announced previously involving Cerberus Telecom Acquisition Corp.
and KORE. CTAC and Pubco filed a registration statement on Form S-4
with the SEC, which includes a proxy statement of CTAC and a
prospectus of Pubco, and CTAC will file other documents regarding
the proposed transaction with the SEC. A definitive proxy
statement/prospectus will also be sent to the stockholders of CTAC,
seeking required stockholder approval. Before making any voting or
investment decision, investors and security holders of CTAC are
urged to carefully read the entire registration statement and proxy
statement/prospectus, when they become available, and any other
relevant documents filed with the SEC, as well as any amendments or
supplements to these documents, because they will contain important
information about the proposed transaction. The documents filed by
CTAC with the SEC may be obtained free of charge at the SEC’s
website at www.sec.gov. In addition, the documents filed by CTAC
with the SEC may be obtained free of charge from CTAC’s website at
www.cerberusacquisition.com or upon
written request to Cerberus Telecom Acquisition Corp., 875 Third
Avenue, New York, NY 10022.
This press release, similar to the previous announcement, does
not constitute an offer to sell or the solicitation of an offer to
buy any securities or a solicitation of any vote or approval, nor
shall there be any sale of any securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of such other jurisdiction.
CTAC, KORE and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of CTAC, in favor of
the approval of the merger. Information regarding CTAC’s and KORE’s
directors and executive officers and other persons who may be
deemed participants in the transaction may be obtained by reading
the registration statement and the proxy statement/prospectus and
other relevant documents filed with the SEC when they become
available. Free copies of these documents may be obtained as
described above.
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 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 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 the KORE’s business and the timing
of expected business milestones; changes in the assumptions
underlying the KORE’s expectations regarding its future business;
the effects of competition on the KORE’s future business; and the
outcome of judicial proceedings to which the 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 the KORE presently does not know or that the 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 the
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 the 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210415005637/en/
Media: Jean Creech Avent Vice President, Investor and
Public Relations KORE jcreechavent@korewireless.com
+1-843-986-8229
Investors: Matt Glover and Cody Slach Gateway Group, Inc.
KORE@gatewayir.com +1-949-574-3860
Cerberus Telecom Acquisi... (NYSE:CTAC.U)
Historical Stock Chart
From Sep 2024 to Oct 2024
Cerberus Telecom Acquisi... (NYSE:CTAC.U)
Historical Stock Chart
From Oct 2023 to Oct 2024