|[January 30, 2013]
Avnet Embedded and KORE Enter Service Provider Agreement in the Americas
PHOENIX & ALPHARETTA, Ga. --(Business Wire)--
the world's largest wireless services provider specializing in
machine-to-machine (M2M) communications, today announced that it has
signed an agreement with Avnet
Embedded, a division of Avnet
Electronics Marketing Americas, a business region of Avnet,
Inc. (NYSE: AVT).
This agreement covers the global KORE network, which is comprised of
cellular and satellite services and powers M2M applications across a
number of industries, including healthcare, utilities, enterprise IT,
transaction processing and fleet management.
Under the service provider agreement, Avnet Embedded will now offer its
customers based in the Americas region, including those in emerging M2M
markets in Latin America, access to the KORE network, featuring the most
ubiquitous and reliable connectivity in the industry. Avnet Embedded
customers on the KORE network will benefit from the Company's global
cellular and satellite network, Global
Connect, and KORE's intelligent pricing program, IntelliRate, which
is based on patterns in data usage rates. KORE provides unified control
and management for its cellular network with service delivery in more
than 180 countries worldwide and maritime and remote location coverage
with satellite network services to deliver truly global M2M connectivity
for connected devices.
"This agreement allows Avnet Embedded to offer our customers access to
the leading M2M network for cellular and satellite connectivity," said
Chuck Kostalnick, senior vice president, Avnet Embedded. "KORE's
unmatched industry expertise and proven service and support model
provides our customers with the most innovative and effective method for
harnessing the power of M2M connectivity to deliver applications that
drive business efficiencies and deliver new revenue streams."
"Global connectivity via cellular and satellite networks is driving M2M
growth in emerging vertical markets, such as telehealth, fleet tracking,
digital signage and payment processing, and our partnership with Avnet
Embedded will help expand the use of the KORE network across an
increasing number of global enterprises," said Robert Metzler, executive
vice president of sales and marketing, KORE Telematics. "With its strong
market presence -- particularly in Latin America -- Avnet Embedded will
help M2M solution providers realize the power of KORE to reliably and
cost-effectively deliver their M2M applications to the marketplace."
KORE is the world's largest wireless network provider specializing
exclusively on the rapidly expanding global machine-to-machine (M2M)
communications market. Providing unified control and management for
cellular network service delivery in more than 180 countries worldwide,
KORE empowers its application, hardware and wireless operator partners
to efficiently deliver M2M solutions for connected devices across the
globe. M2M applications in industries as diverse as healthcare,
utilities, enterprise IT, transaction processing and fleet management
rely on the KORE network to deliver operational efficiencies and cost
savings. KORE offers a range of technologies - including GSM, HSPA, CDMA
and EV-DO - that ensures the greatest possible reliability and coverage.
For more information, please visit www.koretelematics.com.
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based
Avnet, Inc. that serves electronic original equipment manufacturers
(EOEMs) and electronic manufacturing services (EMS) providers in more
than 70 countries, distributing electronic components from leading
manufacturers and providing associated design-chain and supply-chain
services. The group's website is located at www.em.avnet.com.
Avnet, Inc. (NYSE:AVT), a Fortune 500 Company, is one of the largest
distributors of electronic components, computer products and embedded
technology serving customers globally. Avnet accelerates its partners'
success by connecting the world's leading technology suppliers with a
broad base of customers by providing cost-effective, value-added
services and solutions. For the fiscal year ended June 30, 2012, Avnet
generated revenue of $25.7 billion. For more information, visit www.avnet.com.
Visit Avnet's Investor Relations Website at www.ir.avnet.com
or contact us at firstname.lastname@example.org.
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