KORE Collaborates with Kigen and Energy Web to Deliver an Embedded, eSIM-Based Trusted Identity System for Smart Grid Applications | 2022-02-22 | Press Releases

ATLANTE, February 22, 2022 /PRNewswire/ — KOREA (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and IoT connectivity as a service (CaaS) worldwide, backed by Kigen, the global pioneers of OPEN IoT SAFE technology, and Energy Web, the non-profit focused on building operating systems for energy networks, today announced a collaboration that provides a secure and global connectivity solution for smart grid applications, designed with eSIM technology and OPEN IoT SAFE.

KORE’s award-winning OmniSIM solution, powered by eSIM and multi-IMSI technology, provides customers like Energy Web with resilient and scalable connectivity. As the IoT accelerates, security risks are of increasing concern, as each new device connected to the Internet represents a security risk or a point of vulnerability.

IoTSAFE offers a robust, scalable and standardized technology to protect IoT data communications on the actual SIM card, thus enabling IoT connectivity. The standard represents a start to facilitate this journey, with additional capabilities required for those leveraging IoT data insights. Kigen’s advanced feature set that makes it more accessible to all stakeholders is called “OPEN IoT SAFE”.

“KORE has a long history of supporting security by designing and securing IoT solutions from the ground up,” commented the KORE President and CEO. Romil Bahl. “We are delighted to be able to support this innovative initiative which puts IoT security at the forefront and does not pass the full weight of security downstream. High-value collaborations like those with Kigen and Energy Web enable our IoT security initiatives.

This collaboration between KORE and Kigen leverages the functionality of eSIM and OPEN IoT SAFE to act as a hardware wallet anchored to a publicly available open-source blockchain powered by Energy Web. Using Energy Web’s technology, organizations can build their own applications through the world’s first open-source technology stack that focuses directly on the transition to renewable energy. As part of the collaboration between KORE and Kigen to deploy OPEN IoT SAFE, a specially designed SDK by Energy Web was used as part of the development process.

The ability to provide trusted information to third-party IoT providers via eSIM, which incorporates device-level security and can authenticate data for a user’s cloud service, securely communicating data at the packet level, is a monumental leap forward in end-to-end creation. -end security within the IoT ecosystem. This collaboration enables one of the largest ecosystems in the world to ensure that IoT data is reliable and secure.

“Secure storage of credentials such as device identities is critical to delivering connected services, and the resulting data must be trusted,” said Vincent Korstanje, CEO of Kigen. “We are thrilled that this collaboration enables this by combining KORE’s strength in eSIM connectivity and Energy Web’s decentralized technology to move the world towards a zero-carbon economy.”

The Energy Market launched by Energy Web is an inspiring example of the digital transformation taking place in many industries, where Massive IoT data can make a difference.

This innovation will be presented at the Mobile World Congress – Barcelona to March 2n/a. KORE and Kigen will collectively explore how eSIM will contribute to mass IoT adoption, with specific discussion on eSIM accessibility, security features, and emerging trends.

About KORE

KORE is a pioneer, leader and trusted advisor providing mission-critical IoT solutions and services. We empower organizations of all sizes to improve operational and business outcomes by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, tailored solutions and deployment agility accelerate and significantly impact our clients’ business results. For more information, visit www.korewireless.com.

About Kigen

At Kigen, we’re simplifying the future of securing connectivity. As simple as possible. Together with our partners and customers, we are at the forefront of ushering in a new era of secure IoT as an embedded SIM (iSIM) and eSIM is becoming the mainstream choice for connected devices. Our industry-leading SIM OS products enable over 2 billion SIM cards. Our remote SIM provisioning and GSMA certified eSIM services put us further into the top 5 SIM card providers in the world. As a company founded by Arm, we bring an ecosystem approach to drive innovation and collaboration. For more information, visit kigen.com or talk to us at @Kigen_Ltd on Twitter and LinkedIn about #futureofSIM.

About Energy Web

Energy Web is a global, member-driven, non-profit organization accelerating the low-carbon, customer-centric energy transition by unlocking the potential of open-source digital technologies. We allow any energy asset, owned by any customer, to participate in any energy market. The Energy Web Chain, the world’s first enterprise-grade public blockchain suitable for the energy industry, is the anchor of our technology stack. For more information, visit https://www.energyweb.org/.

KORE Investor and Media Contact:

Alisa Moloney

Phone: 678.367.0658

Email: [email protected]

Investors:

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KORE now trades on the NYSE under the ticker symbol KORE (PRNewsfoto/KORE Wireless)

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