The new alliance will enable enterprises to:
- Leverage KORE's unparalleled coverage in the U.S. in
combination with Ericsson's IoT Accelerator's global deployment
capabilities
- Simplify global deployments with control and visibility of
devices, secure and dedicated IoT core network and seamless
technology experience
- Benefit from new revenue streams, reach new market segments
and create sustainable global businesses
ATLANTA and STOCKHOLM, Sept. 14,
2022 /PRNewswire/ -- KORE, a global leader in
Internet of Things ("IoT") Solutions and worldwide IoT
Connectivity-as-a-Service (CaaS), announced today that it has
entered into an agreement with Ericsson (NASDAQ: ERIC) to join the
Ericsson IoT Accelerator ecosystem. With this relationship,
enterprises will be able to take advantage of KORE's IoT
connectivity solutions and other managed services while utilizing
Ericsson's award-winning global IoT connectivity management
platform, IoT Accelerator. This enables global enterprises to
seamlessly expand their IoT business in the U.S. market and
beyond.
When 2 industry-leading companies work
together, innovation is the natural result, said Romil Bahl, KORE President & CEO
"When two industry-leading companies work together, innovation
is the natural result. This alliance ensures that enterprises not
only have connectivity in every corner of the world, but also a
variety and choice," said KORE President and CEO Romil Bahl. "Our joint customers will enjoy a
seamless experience built on a foundation of reliable customer and
technology support that bolsters their ability to solve IoT
deployment complexity."
KORE and Ericsson are aligned with a common mission to simplify
global IoT deployments and enable enterprises to realize new
revenue streams, reach new market segments and create a sustainable
global businesses. This will reduce IoT deployment
complexities by:
- Enabling visibility and control to easily monitor and manage
globally deployed assets.
- Delivering a high level of reliability and security through a
dedicated IoT core network with coverage throughout the U.S. and
other key markets.
- Offering a seamless technology experience with real-time
analytics, plus a common interface and set of APIs.
Enterprises deploying IoT globally will be able to benefit from
KORE's unrivaled IoT connectivity solution in the U.S. while being
able to easily manage their IoT assets anywhere on the Ericsson IoT
Accelerator platform. Likewise, enterprises currently using the IoT
Accelerator platform in other parts of the world can now deploy IoT
assets in the U.S. while maintaining a single view to manage and
monitor all assets deployed globally.
"We are delighted to welcome KORE as the latest service provider
partner in our growing IoT ecosystem, extending the reach of our
IoT Accelerator platform into the United
States," said Kyle Okamoto,
Ericsson IoT General Manager. "Enterprises will continue to have
access to unparalleled IoT connectivity coverage and the
capabilities of Ericsson's IoT Accelerator, which is already
trusted by more than 8,500 enterprises around the world to manage
over 90 million connected devices."
KORE and Ericsson also have the broader ambition to:
- Continue to grow and expand the mutual service ecosystems
between Ericsson's IoT Accelerator and the KORE One™ IoT enablement
platform.
- Further simplify and grow eSIM use and reseller business models
enabling true IoT service globalization.
- Leverage the joint ecosystem scale with cloud providers and
chipset manufacturers, making it easier for enterprises to adopt
and scale IoT business globally.
For more information on the benefits of this collaboration,
please visit here.
Come visit KORE and Ericsson at Exhibition stand 641 during
Mobile World Congress Americas in Las
Vegas and learn more at the Wednesday, September 28th Open Stage
Talk featuring KORE President and CEO, Romil Bahl and Ericsson General Manager IoT,
Kyle Okamoto.
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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.
About ERICSSON:
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business. It is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's innovation investments have
delivered the benefits of mobility and mobile broadband to billions
of people around the world. Ericsson stock is listed on Nasdaq
Stockholm and on Nasdaq New York. www.ericsson.com
Cautionary Note Regarding
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 statements about KORE's commercial relationship with
Ericsson 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. The foregoing
list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties
described in the "Risk Factors" section of the Annual Report on
Form 10-K that KORE has most recently filed with the U.S.
Securities and Exchange Commission, or the SEC, and other documents
filed by us or that will be filed by us from time to time with the
SEC. If the risks materialize or assumptions prove incorrect,
actual results could differ materially from the results implied by
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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
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the date of this press release. KORE anticipates that subsequent
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However, while KORE may elect to update these forward-looking
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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.
KORE Media Contact:
Alisa Moloney
KORE
Email: amoloney@korewireless.com
KORE Investor Contact:
Charley
Brady
KORE
Email: Investors@korewireless.com
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