eUICC-based offering to futureproof customer
deployments and enable device localization
KORE, a global leader in Internet of Things (“IoT”) solutions
and worldwide Connectivity-as-a-Service (“CaaS”), today announced
the availability of over-the-air provisioning on eUICC-compliant
SIMs to bring seamless global connectivity for KORE customers.
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the full release here:
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Now available over-the-air provisioning
on eUICC-compliant SIMs to bring seamless global connectivity for
KORE customers (Photo: Business Wire)
In partnering with a variety of mobile network operators (MNOs),
KORE offers unprecedented access to wireless connectivity
regardless of where in the world a customer’s device is activated.
Future-proofed, global, multi-networked connectivity and advanced
auto-provisioning capabilities ensure a device is always on the
right network for the customer’s service needs.
“Our strong partner ecosystem enables us to bring to market the
most advanced, reliable connectivity under a single contract, with
a single SIM, no matter where our customers’ devices are deployed,”
said Romil Bahl, President and CEO of KORE. “The connectivity
options that we bring to market through eUICC standards offer the
feature set and security, backed by carrier profiles from leading
MNOs, that solution providers and enterprises have been seeking for
quite some time.”
Historically, several key barriers have complicated global IoT
solution deployments, such as data sovereignty levied by local
regulations, permanent roaming, and unpredictable costs.
“These can all be significant deterrents to customers who are
trying to scale their IoT deployments,” said KORE CTO Tushar
Sachdev. “Our eUICC option and cloud native core network make those
challenges a thing of the past. At KORE, we can offer
auto-provisioning profiles and local break-out to our customers to
continue our unbiased, best-of-class services anywhere in the
world.”
Not only does the eUICC single-SIM solution simplify deployment
and inventory management challenges, it enables connectivity over
the entire lifecycle of the device without needing costly truck
rolls to execute SIM swaps or permanent roaming changes.
KORE offers global connectivity with more than 24 major carriers
in 190 countries with a complimentary eUICC Starter Kit to eligible
parties who want to explore how eSIM can help their business
recognize accelerated revenue and faster time to market.
For more information on the KORE eUICC SIM or to try the eSIM
starter kit visit korewireless.com.
KORE recently announced that it has entered into a definitive
merger agreement with Cerberus Telecom Acquisition Corp. (NYSE:
CTAC.U, CTAC, CTAC WS), a special purpose acquisition company
affiliated with Cerberus Capital Management, L.P. Upon completion
of the transaction, which is expected in mid-2021, the combined
company expects to be listed on the New York Stock Exchange under
the ticker symbol KORE.
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.
Important Information and Where to Find It
This press release references the proposed merger transaction
announced previously involving CTAC and KORE. CTAC and King Pubco,
Inc. (“Pubco”) filed a registration statement on Form S-4 with the
SEC, which includes a proxy statement of CTAC and a prospectus of
Pubco, and CTAC will file other documents regarding the proposed
transaction with the SEC. A definitive proxy statement/prospectus
will also be sent to the stockholders of CTAC, seeking required
stockholder approval. Before making any voting or investment
decision, investors and security holders of CTAC are urged to
carefully read the entire registration statement and proxy
statement/prospectus, when they become available, and any other
relevant documents filed with the SEC, as well as any amendments or
supplements to these documents, because they will contain important
information about the proposed transaction. The documents filed by
CTAC with the SEC may be obtained free of charge at the SEC's
website at www.sec.gov. In addition, the documents filed by CTAC
with the SEC may be obtained free of charge from CTAC’s website at
www.cerberusacquisition.com or upon written request to Cerberus
Telecom Acquisition Corp., 875 Third Avenue, New York, NY
10022.
This press release, similar to the previous announcement, does
not constitute an offer to sell or the solicitation of an offer to
buy any securities or a solicitation of any vote or approval, nor
shall there be any sale of any securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of such other jurisdiction.
CTAC, KORE and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of CTAC, in favor of
the approval of the merger. Information regarding CTAC’s and KORE’s
directors and executive officers and other persons who may be
deemed participants in the transaction may be obtained by reading
the registration statement and the proxy statement/prospectus and
other relevant documents filed with the SEC when they become
available. Free copies of these documents may be obtained as
described above.
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 source
version on businesswire.com: https://www.businesswire.com/news/home/20210504005502/en/
KORE Media Jean Creech Avent Vice President,
Investor and Public Relations jcreechavent@korewireless.com
+1-843-986-8229 Investors investors@korewireless.com Or
Investors: Matt Glover and Cody Slach Gateway Group, Inc.
KORE@gatewayir.com +1-949-574-3860
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