KORE Secure eSIM Wins Product of the Year

KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (“CaaS”), today announced its secure eSIM solution, OmniSIM™ SAFE, has been selected as a winner of the “M2M Product of the Year” by IoT Breakthrough.

The OmniSIM SAFE solution pairs the global zero-touch provisioning capabilities of eSIM with industry-standard security design that allows for device-level security – an innovative new approach that meets the challenges of international, carrier-agnostic, secure connectivity for IoT use cases.

With OmniSIM SAFE, which is a part of a full eSIM suite from KORE, the GSMA IoT SAFE standard provides chip-to-cloud security, streamlining the ability to place security at the forefront of solutions.

“With eSIM adoption on the rise, KORE is excited to meet what is expected to be huge customer demand with an award-winning product. We first launched our IoT SAFE SIM working with Energy Web, a nonprofit organization that builds operating systems for energy grids. Energy Web leveraged OmniSIM SAFE as a hardware wallet anchored to an open-source, publicly accessible blockchain powered by Energy Web. We are proud to say that this is the world’s first eSIM-enabled secure data exchange for smart grid players. This has the potential to become a high-growth use case as more smart energy grid utilities, operators, and smart city players find a simple and common blueprint to meet the needs of future grid and energy demand.”

Romil Bahl, President and CEO of KORE Wireless

This is the seventh annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, and products in today's global IoT market. The IoT Breakthrough Awards program aims to recognize innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, Connected Home and Home Automation, Connected Car, and many more. This year’s program attracted more than 4,000 nominations from companies all over the world.

“While the benefits of eSIM for IoT are plentiful, two key challenges include delivering secure global connectivity and ensuring future performance. The technology behind eSIM will be a key driver in making IoT a more attainable goal for organizations and enterprises by mitigating some of these challenges in IoT connectivity. With global, future-proofed IoT connectivity that is technology agnostic and provides network access worldwide, the KORE OmniSIM meets the challenges of IoT connectivity - both globally and ensuring connectivity for the lifetime of a device. Congratulations to the entire KORE team on winning the ‘M2M Product of the Year’ award.”

James Johnson, managing director at IoT Breakthrough

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.

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.