KORE Cutting Ribbon on New Operational Headquarters for IoT Managed Services

KORE moves to Pittsford location to expand managed services to IoT customers

Pittsford, N.Y. (May 24, 2022) – KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), celebrated the ribbon cutting of its new location in Pittsford, N.Y. This strategic move is due to KORE’s need for additional space for its managed service business.

The event included presentations from KORE executives: Romil Bahl, CEO and President and Bryan Lubel, Executive Vice President of Connected Health, as well as Town of Pittsford Supervisor William Smith, Jr. and was attended by state and local dignitaries as well as more than 75 employees. The ribbon cutting was followed by a tour of the new facility and a hands-on demonstration of KORE’s Connected Health solution.

“KORE is extremely proud to celebrate the culmination of a lot of hard work to move to a much larger facility here in the Rochester area,” KORE President and CEO Romil Bahl said. “It’s also a proud moment to recognize that this is a move where we outgrew our previous facility, so it is a testament to the growth in our company. We look forward to this new location in Pittsford and becoming part of the community, as well as being able to better serve our customers.”

The Pittsford location is vital to the growth of KORE’s IoT managed services, especially in the Connected Health industry. Connected Health is a growing IoT industry that connects patients to providers through handheld devices and hardware in remote patient monitoring solutions such as diabetes and chronic disease management or mobile Personal Emergency Response Systems (mPERS) that support holistic safety and wellness care for loved ones.

As an IoT services and solutions provider, KORE makes it simple for organizations leveraging IoT to deploy, manage, and scale solutions. KORE kits and configures hardware used in IoT solutions and ships them to its customers, as well as manages end of lifecycle care for this hardware.

“We are particularly proud of our ability to provide regulatory compliant managed services to serve Connected Health industries. It’s a highly unique selling point, because IoT in healthcare requires rigorous quality, security and regulatory compliance to serve our customers and their patients,” said KORE EVP of Connected Health Bryan Lubel.

KORE previously located its managed services operations in Rochester, N.Y.

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 growth and anticipated demand of KORE’s products and services, projections of market opportunity and conditions 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, including Business Mobility Partners Inc and Simon IoT LLC, 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
Phone: 678.367.0658
Email: amoloney@korewireless.com

Investors:
investors@korewireless.com