KORE Celebrates 2021 Business Momentum Highlighted by Innovative Product Launches, Industry Awards and NYSE Listing
ATLANTA, Dec. 29, 2021 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (CaaS), is marking the end of a successful year with new solutions and accolades along with KORE's listing on the New York Stock Exchange.
"It has been impressive how the KORE team has stayed focused on our transformation despite the pandemic and our 'go public' effort," said Romil Bahl, President and CEO of KORE. "In 2021, we launched our first two industry practices, Connected Health and Fleet Management, and continued our leadership in IoT Connectivity with our modern technology platform, KORE One, and best-in-class IP in the areas of eSIM and core networks."
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The Industry Takes Note of KORE's Impact
Throughout 2021, KORE has generated acclaim from several third-party organizations.
KORE was awarded an IoT Global Award in the Connected Health category honoring KORE's enablement of Australia-based drone logistics company Swoop Aero to deliver critical medical supplies – notably COVID-19 testing supplies – to remote areas across the globe. KORE demonstrated this solution in the summer to the King of Spain in a private presentation at Mobile World Congress, Barcelona.
KORE was also honored with the Beyond Connectivity Award from the World Communication Awards for its Remote Patient Monitoring solutions.
Other recognitions KORE has received this year include:
NYSE Listing Has Reinforced Interest in Company and Category
KORE debuted on the New York Stock Exchange on October 1, 2021. Founded nearly two decades ago, KORE has long been recognized as a pioneer and growth catalyst for the IoT industry. The Company enjoys a leadership position in the global IoT marketplace, which is expected to grow from 12 billion IoT devices at the end of 2020 to 75 billion devices by 2030.
"Simply put, this has been an incredible year for KORE," added Bahl. "We are excited to see how the additional exposure from being a publicly traded company will help us as we position ourselves to compete effectively in this decade of IoT. Being recognized for our collaborative work with customers and partners is an honor, and we are very fortunate to work with so many innovative companies."
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Cautionary Note on Forward-Looking Statements
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