KORE Expands Connected Health Offering

KORE, a global leader in Internet of Things (“IoT”) Solutions and worldwide IoT Connectivity-as-a-Service (“IoT CaaS”), announced the launch of a new connected health device peripheral to help streamline data transmission in IoT-driven healthcare solutions, expanding KORE’s Connected Health offering.

“KORE is always striving to simplify the complexities of IoT, and our Connected Health focus is driving economics and scalability, as well as accelerating time-to-market for IoT healthcare innovations. “This is another tool that our customers can easily and affordably integrate into their Connected Health deployments to help achieve those goals.”

Bryan Lubel, KORE Executive Vice President of Connected Health

The Connected Hub is a data telemetry device that functions as a streamlined gateway to integrate the telemetry of connected medical devices and sensors into Connected Health solutions. This is an extension of the KORE Connected Health Telemetry Solution that enables secure, reliable data transmissions.

“What KORE is offering is a way for healthcare delivery, Life Sciences and Med-Tech organizations, as well as Contract Research Organizations, to securely access the sensor data transmitted between the patient and cloud. Navigating the challenges in securely tying together endpoints is a lengthy and costly process, to which organizations need to commit time, energy, and financial resources. By leveraging the Connected Health Telemetry Solution and the Connected Hub, this becomes streamlined and cost-effective.”

Bryan Lubel, KORE Executive Vice President of Connected Health

Cautionary Note Regarding 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 statements about KORE’s commercial relationship with Ericsson 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. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Annual Report on Form 10-K that KORE has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. 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.