Largest Wireless Carrier in the U.S. Singles Out KORE For Its Contribution To Revenue/Subscriber Growth in Cingular's Business Alliance Channel
Herndon, VA — November 03, 2006— KORE Telematics, the leading provider of wireless GSM services for the M2M market, today announced it has been named Master Dealer of the Year for 2006 by Cingular Wireless, the largest wireless carrier in the United States. The prestigious honor recognizes the contribution KORE Telematics has made as a value-added reseller (VAR) in building Cingular's business alliance channel through the addition of machine-to-machine (M2M) revenue and subscribers. KORE is designated the "Master" VAR of the year for having technology expertise in data services, complex B2B solutions and national distribution with unbundled airtime.
KORE Telematics is the leading North American-wide GSM network services provider entirely focused on M2M. The company pioneered the Mobile Virtual Network Operator (MVNO) business model that has been adopted by application service providers and their partners to establish the M2M telematics industry.
In the next five years, M2M is expected to significantly impact the nature of information gathering and operations for industrial and commercial enterprises. M2M transmits telemetry and other digital information between devices wirelessly and over large distances, enabling new technologies from vehicle tracking and asset management to home and personal security, environmental monitoring and energy/utility services. Alexander Resources and iDate, two independent market research companies, have each estimated the worldwide market for M2M services will exceed $270 billion by 2010. Strategy Analytics, another researcher, sets the current M2M market at $40 billion, indicating explosive near-term growth in M2M.
KORE's MVNO business approach emphasizes pay-for-use unbundled airtime charges, self-management of network services and simple management of interconnect needs. For its downstream partners, KORE integrates third-generation GSM wireless connectivity directly into partners' M2M applications, ensuring commercial-grade wireless networks that span the entire North American continent.
"Cingular Wireless has been an exceptional business partner for us, providing coast to coast coverage and forward-directed network technologies," said Alex Brisbourne, president and chief operating officer of KORE Telematics. "At KORE, we are committed to fostering the M2M telematics industry through technology innovation, quality service and support expertise, and we are pleased to be working with like minded partners such as Cingular." KORE's award was recently presented at the Cingular Partner Forum held at the Intercontinental Hotel & Conference Center in Atlanta.