KORE Announces Launch of Next Generation eSIM Solutions Designed to Simplify IoT Connectivity

KORE OmniSIM™ provides zero-touch provisioning and global resilient connectivity

ATLANTA (Nov. 22, 2021) – KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today the launch of KORE OmniSIM™, a true global eSIM solution that makes IoT connectivity more accessible and seamless across the globe.

“Innovation and a pioneering spirit are embedded deeply into our DNA at KORE, and the launch of OmniSIM further positions us as the leading eSIM provider for the Internet of Things,” said KORE President and CEO Romil Bahl. “We’re entering what I like to call the ‘Decade of IoT’, and in order to deliver on the growth that we expect, eSIM technologies will be a key enabling factor to the explosion of IoT solutions globally.”

OmniSIM allows customers to leverage zero-touch provisioning and true global connectivity for out-of-the-box coverage that ensures IoT solutions are always on the right network for a customer’s service needs. There are two offerings within the product suite: OmniSIM Reach™ and OmniSIM Rush™. These are the first of many scheduled offerings with more planned for early next year.

OmniSIM Reach provides global connectivity on KORE eSIM technology and enables roaming access to nearly 520 networks in 202 countries. It is differentiated in the market through its delivery of resilient coverage across multiple available networks per country. Built on a centralized multi-IMSI design, OmniSIM Reach combines KORE roaming sponsors so that customers get the best price while maintaining the widest coverage.

OmniSIM Rush is an extremely powerful eSIM offering that is designed to deliver high-bandwidth performance, while maintaining flexible and automated carrier options. It removes the headaches often associated with global IoT deployments and is an optimal solution for high-usage plans from 100MB/month and up. OmniSIM Rush is available in the U.S. and Europe through 74 networks in 39 countries.

Recently awarded with “High Flyer” status for eSIM connectivity by Kaleido Intelligence, KORE has been recognized with the most advanced portfolio of true eSIM and multi-IMSI capabilities.

“KORE combines a rich portfolio of carrier eSIM profiles and its own KORE profiles with multi-IMSI switching capability, in addition to a highly configurable orchestration engine to support a very broad range of customer requirements for global IoT operations,” stated Jon King, Chief Commercial Officer of Kaleido Intelligence. “The solution allows customers to reduce time-to-market while optimizing quality of service and compliance requirements based on customer needs and the regulatory environment.”

RCR Wireless and KORE will be hosting an informational webinar entitled “Unmasking the Pretenders: Understanding True eSIM Design and Next-Generation Connectivity” on December 15, 2021.

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.

Cautionary Note on 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 regarding future product and service offerings. 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; 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 anticipate 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 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 Investor and Media Contact:
Alisa Moloney
KORE
Email: amoloney@korewireless.com
 
Investors:
investors@korewireless.com