KORE Secures Coveted ISO/IEC 27001:2013 Certification Demonstrating Commitment to Data Security

ISO/IEC 27001:2013 Certification Ensures Ongoing Information Security Management System (ISMS) Compliance

ATLANTA (July 11, 2023) –  KORE Group Holdings, Inc. (NYSE:KORE, KORE WS), the global pure-play Internet of Things (“IoT”) hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that the company has achieved certification to ISO/IEC 27001:2013. This internationally recognized standard for Information Security Management Systems (ISMS) solidifies KORE's unwavering commitment to safeguarding data in today's interconnected world. ANSI National Accreditation Board-accredited BARR Certifications performed the independent assessment.

In an era where data security stands paramount, KORE has reached a significant milestone. The ISO/IEC 27001:2013 certification showcases KORE's proactive and structured approach to data management, ensuring that KORE’s valued customers have this high level of protection. With this certification, KORE aims to inspire confidence and assure its customers and partners that data security remains a top priority.
"We are thrilled to have achieved this gold standard in certification. It exemplifies our unyielding dedication to securing and safeguarding the data of our esteemed customers,” KORE President and CEO Romil Bahl said.

“At KORE, we believe that data security is not a mere obligation; it is our passion and commitment to continue raising the bar for data security and fortifying trust in a connected world," added Marco Goudswaard, Senior Global Security Director at KORE.

ISO/IEC 27001:2013 encompasses a comprehensive set of controls, ensuring the establishment, operation, monitoring, maintenance, and continual improvement of an information security management system. This certification validates that KORE operates with ingrained methodologies for business, people, and IT processes while providing an established framework to identify, manage, and mitigate risks associated with information security.

To obtain a copy of KORE's ISO/IEC 27001:2013 certification report, please contact Marco Goudswaard at MGoudswaard@korewireless.com.

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 korewireless.com.

About BARR
BARR is a cybersecurity compliance solutions provider specializing in companies with high-value information in cloud environments like AWS, Microsoft Azure, and Google Cloud. A trusted advisor to some of the fastest growing cloud-based organizations around the globe, BARR simplifies compliance across multiple regulatory and customer requirements in highly regulated industries including technology, financial services, healthcare, and government. For more information, visit barrcertifications.com.

KORE Investors Contact
Charley Brady
Vice President, Investor Relations
investors@korewireless.com

KORE Media Contact
Carla Deisenroth
Vice President, Strategy & Marketing
cdeisenroth@korewireless.com

Forward-Looking Statements

The Company’s expectation regarding the timing of the filing of the 10-K and the expectation of the effect of misstatements in prior financial periods are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  The actual timing of the filing and the effect of the misstatements may differ significantly from the Company’s expectation due to a number of risks and uncertainties, including the Company and its independent auditors’ inability to complete the work required to file the Annual Report in the anticipated time frame.

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 KORE’s future product or service offerings, 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, 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 anticipates 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.