ATLANTA, Aug. 30, 2021 /PRNewswire/ -- KORE, a global
leader in Internet of Things (IoT) solutions and worldwide IoT
Connectivity-as-a-Service (IoT CaaS), today announced that it is
expanding its international partnership with Everynet, the world's
largest network operator for national LoRaWAN®
networks, into the U.S. at a time when the need to capture and
transport small packets of data is growing and use cases for
Massive IoT are accelerating.
LoRaWAN is a well-suited connectivity technology for water
metering, which is a Massive IoT use case.
According to Transforma Insights, by 2025, 358 million Massive
IoT devices will exist in the U.S. and over 2 billion devices
globally. This trend is one of several that is fueling the
expanded relationship between the two companies.
"Our relationship with Everynet is battle-tested in Brazil where we started our partnership some
three years ago, and we are bringing those learnings into the U.S.
as LoRa begins to mature in this country," said KORE President and
CEO Romil Bahl. "While most people
think of KORE as the global, independent leader in cellular IoT
CaaS, the reality is we also integrate satellite bearers and
provide services related to unlicensed cellular technologies like
LoRa."
Leveraging the KORE and Everynet partnership, for example, water
utilities can operate, maintain, and monetize a water distribution
system efficiently. Water metering is a Massive IoT use case that
requires a variety of connectivity needs on the network, not just
big bandwidth provided by cellular connectivity, which makes
LoRaWAN a well-suited connectivity technology.
KORE customers will have the opportunity to take advantage of
the new LoRaWAN network Everynet is currently building in the U.S.
This coincides well with the impending 2G and 3G sunsets, as IoT
customers create migration plans that leverage lower-complexity
connectivity for simpler IoT use cases. LoRaWAN provides customers
with IoT connectivity options that ensure the transition from 2G
and 3G is seamless. LoRaWAN is also gaining ground because of its
network longevity, broad coverage characteristics, and the ability
to lower the overall total cost of ownership of networks.
Everynet expects its LoRaWAN network to be operational in 36
cities and 100 logistics points by the end of November 2021. Already, the company systems have been fully
integrated into the KORE platforms for the U.S. market to enable
customers to simplify their Massive IoT deployments.
KORE and Everynet have a proven track record of success working
together to reduce the complexity most organizations face when
rolling out IoT initiatives. Since 2018, the two companies have
been partnering in Brazil to
deploy multiple solutions, leveraging the LoRaWAN network and the
KORE platform for message brokerage and device management developed
at its innovation hub, KORE Labs. The companies have implemented
gas metering, water metering, and asset monitoring solutions
throughout Brazil for industrial
companies, municipalities, and manufacturers.
"We're delighted to bring this compelling offering to the U.S.
market with KORE, by building on our successes and learnings
abroad," said Lawrence Latham, Chief
Executive Officer of Everynet. "Important advantages organizations
will experience with a national LoRaWAN network are secure
ultra-low cost connections, long-battery life, and a simple means
to connect billions of devices to the cloud. We are looking forward
to working with KORE Wireless to help businesses gain operational
efficiencies, enable innovation, and create new business
models."
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 www.korewireless.com.
About Everynet
Everynet is a global
LoRaWAN® network operator and provides carrier grade
networks in Asia, EMEA, and the
Americas. Everynet's Neutral Host network model enables Mobile
Network Operators, MVNO's, and Global MSP's to offer ultra-low cost
IoT immediately and profitably with ZERO upfront CAPEX. Everynet
makes IoT accessible across any industry to enable enterprise-grade
solutions and is deployed using LoRaWAN® technology,
the globally-adopted open standard for IoT connectivity. For more
information, visit www.everynet.com.
LoRa is a registered trademark or service mark of Semtech
Corporation or its affiliates.
KORE Investor and Media Contact:
Jean Creech Avent
KORE
Vice President, Investor Relations and Public Relations
Phone: +1 843-986-8229
Email: jcreechavent@korewireless.com
Investors:
investors@korewireless.com
Everynet Media Contact
Allison DeLeo
Racepoint Global for Everynet
(415) 694-6700
everynet@racepointglobal.com
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 estimates and forecasts of revenue and other
financial and performance metrics and projections of market
opportunity and expectations. These statements are based on various
assumptions and on the current expectations of CTAC or 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 CTAC
and/or 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; 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
and CTAC anticipate that subsequent events and developments will
cause these assessments to change. However, while KORE and/or CTAC
may elect to update these forward-looking statements at some point
in the future, each of KORE and CTAC 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/kore-and-everynet-expand-partnership-into-the-us-301364886.html
SOURCE KORE Wireless