The partnership targets the explosive opportunity for new use cases for cellular connectivity and Internet of Things solutions
ATLANTA – June 9, 2021) – 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.
“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 www.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.
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Media Contact:
Jean Creech Avent
Vice President, Investor and Public Relations
jcreechavent@korewireless.com
+1-843-986-8229
Investors:
investors@korewireless.com
Or
Matt Glover and Cody Slach
Gateway Group, Inc.
KORE@gatewayir.com
+1-949-574-3860
Forward-Looking Statements
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