KORE and Everynet Expand Partnership into the U.S.

KORE Customers Will Have First Access to New National LoRaWAN Network

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Aug 30, 2021, 08:00 ET

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.

KORE expands relationship into the U.S. with world’s largest network operator for national LoRaWAN® networks

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: [email protected]

Investors:
[email protected]

Everynet Media Contact
Allison DeLeo
Racepoint Global for Everynet
(415) 694-6700
[email protected]

Forward-Looking Statements
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SOURCE KORE Wireless