KORE and Koch Strategic Platforms to Explore New IoT Innovations
June 09 2021 - 10:00AM
Business Wire
The partnership targets the explosive
opportunity for new use cases for cellular connectivity and
Internet of Things solutions
KORE, a global leader in Internet of Things (“IoT”) solutions
and worldwide IoT Connectivity-as-a-Service (“CaaS”), and Koch
Strategic Platforms, LLC, a subsidiary of Koch Industries, Inc.,
announced today that they have entered into a relationship to
explore new use cases for Internet of Things (IoT) technology.
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Innovation central to KORE and Koch
partnership (Photo: Business Wire)
“Koch Strategic Platforms is the natural innovation partner for
us because it already has a fundamental interest in making 5G,
computing and connectivity come to life to advance the world around
us, especially as we enter the decade of IoT,” said KORE President
and CEO Romil Bahl. “We bring complementary skills to the table,
which will help revolutionize IoT use cases and accelerate
real-world adoption.”
The two organizations are exploring IoT solutions to solve
pressing issues facing society. Potential applications include
technology to address the health and safety of people in public
spaces, enable manufacturers and plants to increase sustainability,
and improve supply chains to make global commerce more
efficient.
“Koch Strategic Platforms is excited to explore new
opportunities in the connectivity space with KORE. As Koch
companies continue to transform, we will be able to test solutions
in real time across a variety of applications around the world,”
said Adam DeWolf, managing director for Koch Strategic
Platforms.
###
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 Koch Strategic Platforms
With offices in Atlanta and Wichita, KSP desires to be the
preferred investment partner of growth focused, strategic companies
who are innovating in industries with disruptive potential. Created
in 2020, the KSP team pursues public and private investments with
companies where long-term mutual benefit can be realized.
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 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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version on businesswire.com: https://www.businesswire.com/news/home/20210609005301/en/
KORE
Media: Jean Creech Avent Vice President, Investor Relations and
Public Relations jcreechavent@korewireless.com +1-843-986-8229
Investors investors@korewireless.com
Or
Investors: Matt Glover and Cody Slach Gateway Group, Inc.
KORE@gatewayir.com +1-949-574-3860
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