KORE Group Holdings, an Internet of Things (IoT) solutions and pioneering IoT hyperscaler, announced on Monday that Bruce Gordon has joined as executive vice president and chief operating officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles.
Most recently, Gordon served as chief executive officer and executive chairman of GeoDigital, a provider of 3D services and geospatial intelligence software. Previously, at ABB Ventyx (formerly Mincom), Gordon served as senior vice president for business solutions. Prior to this, Gordon held roles of chief technology officer at Infor, an enterprise software company, overseeing technology strategy through a significant period of growth which included the acquisition and integration of 27 companies, and chief operating officer at Descartes where he was responsible for a significant business transformation.
“I am thrilled to join KORE and lead our operational strategies during this exciting period of expected growth,” Gordon said in a media statement. “With a focus on innovation and customer-centred solutions, I look forward to working with the talented team at KORE to drive operational excellence and deliver unparalleled value to our customers.”
In his new role as executive vice president and COO of KORE, Gordon will focus on enhancing operational efficiencies, fostering innovation and driving sustainable growth. His leadership will help optimise KORE’s internal processes, leverage human talent and maximise market opportunities to solidify the company’s position as a leader in IoT.
“We are delighted to welcome Bruce to the KORE executive team,” said Ron Totton, interim president and CEO of KORE. “Bruce’s extensive experience and proven track record in transforming organisations and driving growth will be invaluable as we continue to innovate and expand our offerings to meet the evolving needs of our customers.”
In connection with his employment, the company made a grant to Gordon of an aggregate of 100,000 restricted stock units (RSUs), where each RSU represents the right to receive one share of the company’s common stock upon the terms and conditions of the related RSU award agreements. The grant of RSUs was offered as a material inducement to Gordon’s hiring.
The RSUs were granted by the Compensation Committee of KORE’s Board of Directors, in reliance on the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards.
The RSUs were granted outside the KORE Group Holdings, Inc. 2021 Long-Term Stock Incentive Plan, but will be governed by the terms of the Plan as if they were issued under the Plan.
Subject to the terms and conditions of the award agreements, 10,000 RSUs shall vest on the first anniversary of the grant date, 27,500 RSUs shall vest on the second anniversary of the grant date, 27,500 RSUs shall vest on the third anniversary of the grant date, and 35,000 RSUs shall vest on the fourth anniversary of the grant date, subject to Gordon’s continuous employment or service to the company through the applicable vesting date.
July 9, 2024
Posted by: Anna Ribeiro
The Business Show is one of the world’s leading events for entrepreneurs, business owners and start-ups. Running for 25 years, The Business Show takes place in locations across the globe including London, Los Angeles, Miami and Singapore, and the team behind the event have plans to continually expand to reach more countries and markets. The Business Show aims to support entrepreneurs and start-ups by offering them the services and products they might need to run a successful business. (more…)
July 3, 2024
Posted by: Magda Dabrowska
The Bluetooth Special Interest Group (SIG), the organisation that oversees Bluetooth technology, has announced the appointment of Neville Meijers as chief executive officer (CEO) effective 29 May 2024. Neville brings to the Bluetooth SIG a long, proven track record of transformative leadership and innovation that has helped elevate telecommunication and wireless businesses to new heights. (more…)
May 24, 2024
Posted by: Magda Dabrowska
The LoRa Alliance, the global consortium supporting the open LoRaWAN standard for Internet of Things (IoT) low-power wide-area networks (LPWANs), announced on Tuesday that Stefan Lindvall, CEO of MultiTech, has joined its board of directors. His extensive experience and leadership in the IoT industry make him a valuable addition to the LoRa Alliance board.
Under his guidance, MultiTech has consistently demonstrated a commitment to advancing IoT technologies and promoting interoperability, aligning with the goals of the LoRa Alliance.
“IIoT is a huge, growing market actively leveraging robust, open and standards-based networking options suitable for large-scale deployments, like LoRaWAN,” says Donna Moore, CEO and chairwoman of the LoRa Alliance. “For many industrial use cases, LoRaWAN offers the best solution for reliable, secure, scalable and cost-effective communication. It can also be deployed as privately operated networks, a benefit for many customers.
Moore adds that LoRaWAN has become the global standard for low-bandwidth communication in industrial applications by continuing to support innovation, interoperability, security, and scalability. “I am pleased to welcome Stefan to the board to leverage his significant experience and expertise to support our ongoing leadership in this market.”
MultiTech’s addition to the board of directors comes as LoRaWAN’s use in IIoT is rapidly growing and the Alliance looks to strengthen awareness of the technology and its benefits to support industrial applications.
LoRaWAN is a key enabling technology driving the transformation into Industry 5.0 and its embrace of sustainability and humankind. LoRaWAN offers critical benefits like improving efficiency, safety, productivity, and workforce utilisation and satisfaction that will make Industry 5.0 a reality.
“MultiTech has been at the forefront of IoT LoRaWAN innovation, collaborating in the development of open ecosystems without customer lock-ins,” said Lindvall. “This board appointment is an affirmation of our belief in the future of LoRaWAN.”
Lindvall adds, “I am committed to actively contributing to the continued growth, education, awareness and thought leadership to drive the continued growth, standardisation and success of LoRaWAN.”
May 1, 2024
Posted by: Anna Ribeiro
Trident IoT, a silicon provider and RF technology company focused on decreasing time-to-market for connected device manufacturers, has announced completion of a USD $10 million fundraising round. (more…)
April 15, 2024
Posted by: Magda Dabrowska
HKW has announced that it has hired Laurence Lederer and Devraj Roy as Partners. Based out of HKW’s New York City office, Lederer and Roy will seek to help drive forward HKW’s strategy of prioritising investments in basic industrial manufacturing, distribution and business services companies including IoT/telematic and tech-enabled businesses where innovation is driving growth in the middle market.
April 2, 2024
Posted by: Magda Dabrowska
Energous Corporation has announced that Cesar Johnston is no longer serving in his role as the president and CEO of Energous, effective immediately. The Board of Directors has initiated a search to identify a permanent successor. He will remain on the Company’s Board of Directors. (more…)
March 27, 2024
Posted by: Magda Dabrowska
u-blox has taken an important step forward on its sustainability programme and published its 2023 Sustainability Report in accordance with the Global Reporting Initiative (GRI) Standards.
Sustainability is an integral part of u-blox strategy. Reporting in accordance with GRI Standards is an important step for u-blox as it helps to efficiently inform about u-blox’s sustainability activities and approach to environmental, social and governance (ESG) activities.
Based on a materiality assessment, u-blox has identified a roadmap to reach its targets based on five focus areas:
• Business ethics, privacy and data security
• People and communities
• Environmental responsibility
• Responsible supply chain
• u-blox innovations
u-blox has set specific environmental, social and governance short, medium and long-term targets based on measurable performance indicators for each pillar.
u-blox estimates that its technologies positively impact 13 out of 17 UN SDGs. The company added a new pillar and target to its sustainability strategy in 2023 to shape the social and environmental impact of its innovations. Consequently, u-blox has set a target to assess their product portfolio of modules and chips for their contribution to the SDGs by the end of 2025.
Stephan Zizala, the chief executive officer of u-blox, said, “Sustainability is an integral part of our strategy, and applications contributing to sustainability are major growth drivers for u-blox. We are fortunate to be able to create solutions that make the world a better place. The u-blox Sustainability Report for 2023 shows our contribution and our measurable targets for a more sustainable future.”
Comment on this article below or via X @IoTGN
March 15, 2024
Posted by: Magda Dabrowska
Tele2 AB (“Tele2”) and the q-trade platform foodora have announced that they will launch food deliveries using IoT and 5G connected drones. The deliveries will be made wherever possible to the customers’ property or garden and lowered with a cable from the drone, with the first deliveries taking place already in the spring on Värmdö, outside Stockholm. (more…)
March 14, 2024
Posted by: Magda Dabrowska
WISeKey International Holding has announced the appointment of Jonathan LLamas as VP Decentralised Strategy, effective March 6, 2024. Mr. LLamas joins the team to lead the Company’s ambitions towards its strategic Web 3.0 transition. (more…)
March 11, 2024
Posted by: Magda Dabrowska