KORE Omnicore Named “M2M Platform of the Year” in 8th Annual IoT Breakthrough Awards Program

Prestigious Annual IoT Breakthrough Awards Program Recognize Standout Internet-of-Things Companies and Products

ATLANTA (Jan. 11, 2024) – KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) (“KORE” or the “Company”), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, today announced that its Omnicore solution has been selected as winner of the “M2M Platform of the Year” award in the 8th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today.

KORE OmniCore is a managed cloud service to connect IoT devices easily and securely to the Google Cloud Platform (GCP) and route messages directly to GCP cloud services. OmniCore enables businesses to seamlessly collect, process, and act on massive amounts of data generated by connected devices. The platform also provides powerful management tools, with the ability to easily control and configure IoT devices.

OmniCore comes with familiar APIs and a console user experience, as well as device and field gateway options, to connect and setup devices and routing. Key features include the ability to onboard devices using console, API or Zero Touch Provisioning. Users can connect their devices securely with per-device public/private key authentication using JSON Web Tokens. KORE also offers IoT SAFE SIM integration for device-level security.

Additionally, the platform offers the ability to send Telemetry and State information to the cloud using MQTT v5.0 and MQTT over WSS or HTTP protocols. Devices are managed using configuration and direct commands with over-the-air device update capability. In-console device testing also results in faster and cheaper diagnostic testing.

“KORE is an expert IoT partner, and Omnicore’s unique features have not previously been available through other solutions. Companies need an IoT core service that helps them easily and securely connect their devices, route messages to cloud services, and receive telemetry data,“ said Steve Johansson, managing director at IoT Breakthrough. “KORE doesn’t require additional hardware, and positions businesses to have better IoT control and scalability. We’re pleased to name Omnicore ‘M2M Platform of the Year.’ This logical, powerful platform for IoT Core legacy customers helps avoid disruptions and enjoy enhanced IoT functionality.”

The mission of the IoT Breakthrough Awards program is to conduct the industry’s most comprehensive analysis of the global Internet-of-Things industry and then recognize the ‘breakthrough’ innovators, leaders and visionaries in a broad range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, IoT Security, Connected Home and Home Automation, Connected Car, and many more. This year’s program attracted thousands of nominations from companies all over the world.

“We’re honored to receive this recognition from IoT Breakthrough. It represents our dedication to fortifying trust in a connected world. Google choosing us as a strategic partner to avoid disruption of operations for customers, provided a great challenge for our team of innovators,” said Romil Bahl, President and CEO of KORE. “Through hard work and collaboration, we deliver IoT to businesses with ease and simplicity. We’ll continue helping our customers adopt IoT by reducing complexities, and leveling the playing field for IoT Connectivity and management.”

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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 IoT Breakthrough
Part of the Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the IoT Breakthrough Awards program is devoted to honoring excellence in Internet-of-Things technologies, services, companies and products. The IoT Breakthrough Awards program provides a forum for public recognition around the achievements of IoT companies and products in categories including Connected Home and Home Automation, Connected Car, Industrial IoT (IIoT) and Smart City, Consumer IoT and more. For more information visit IoTBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

KORE Media Contact:
Carla Deisenroth
cdeisenroth@korewireless.com

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.