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 mioty Alliance has announced the release of ETSI TS 103 357-2 V2.1.1, a update to the TS-UNB protocol specification for Low Throughput Networks (LTN). This new version, published in June 2024, represents a major step forward in standardising and improving LTN technologies.
July 5, 2024
Posted by: Magda Dabrowska
ioXt has announced a shift in its business focus. While continuing to honour and support products that have received the ioXt Certification, ioXt is now shifting its expertise and resources to provide a comprehensive Secure IoT platform-as-a-service (PaaS). (more…)
July 3, 2024
Posted by: Magda Dabrowska
HaiLa Technologies and e-peas Semiconductor have collaborated to show the path to extreme long-life energy storage for Wi-Fi connected wireless sensors. Solutions based on extreme low-power RF and highly efficient power management ICs fulfill a key requirement across multiple applications to reduce and eliminate reliance on standard batteries, both to mitigate sensor network operating costs and environmental waste. (more…)
June 25, 2024
Posted by: Magda Dabrowska
InnoPhase IoT has announced the availability of its Talaria TWO Matter v1.2 certified Wi-Fi solution. It is based on a single-chip SoC compared with the multiple-chip approach taken by many vendors. The Matter protocol addresses the need for vendor-independent device compatibility, easy setup and operation. This allows the Talaria TWO Matter 1.2 solution to enable device interoperability across a variety of ecosystems, including Apple, Google, Amazon Alexa, Samsung, etc., providing a wider selection of home automation devices for smart home users. (more…)
June 24, 2024
Posted by: Magda Dabrowska
Sequans Communications has announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform.
This agreement grants their license partner the right to manufacture and market the Monarch 2 chip under their brand name. The deal includes an initial payment of $15 million, with the opportunity for additional revenue in subsequent years. (more…)
June 19, 2024
Posted by: Magda Dabrowska
pSemi Corporation has announced that it, alongside its parent company Murata, has expanded its role to “Participant” level with The Connectivity Standards Alliance (CSA), an international community of more than 675 technology companies committed to open standards for the Internet of Things (IoT). In addition, Peter Bacon, director of systems engineering at pSemi, was recently appointed to the Zigbee Working Group, a subcommittee of CSA that is dedicated to defining standards for the wireless technology designed for low-power devices that need to communicate with each other over short distances.
CSA’s mission is to create standards, tools and platforms that make all connected devices work together to enhance end users’ day-to-day experiences. Its members, which include LG, Samsung, NXP, and others, work collaboratively to develop IoT technology standards, offer certification programmes, and promote the benefits of open, global standards for a wide range of connected technology solutions, including Matter, Aliro, Zigbee and others.
pSemi’s increased role with CSA aligns with the company’s expanded IoT product offerings as it recently announced the PE562212—its smallest PA-LNA-SW IoT front-end module (FEM). PE562212 is an ultra-compact multi-protocol 2.4 GHz FEM that enables a variety of connectivity options for IoT devices and is designed in adherence to the IEEE 802.15.4 Zigbee requirements to support the CSA-led Matter protocols, an industry framework that focuses on simplifying connected experiences.
“Murata has been a proud member of CSA for more than a decade, and at pSemi, we are thrilled to expand our involvement to ‘Participant’ level this year, particularly as we expand our IoT offerings,” said Bacon. “Our increased participation underscores our commitment to the connectivity market and willingness to collaborate with the entire ecosystem to advance the industry. I look forward to working closely with my peers and colleagues to address some of the most pressing issues the connectivity industry is facing and to play a part in defining standards that will accelerate the adoption of IoT products.”
pSemi will also participate in the upcoming CSA Alliance Member Meeting in Washington, DC on June 25, 2024. For more information about pSemi and its connectivity solutions please visit www.psemi.com. For more information about CSA, its mission, and current initiatives, please visit www.csa-iot.org.
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June 14, 2024
Posted by: Magda Dabrowska
Sisvel has launched a new informational campaign that will help IoT device makers navigate the legal issues involved in implementing the NB-IoT and LTE-M standards and understand the simple, efficient solutions created by industry to ensure the continued growth of these technologies. (more…)
June 5, 2024
Posted by: Magda Dabrowska
Haier Europe, part of Haier Smart Home, has chosen Orange Business connectivity and IoT services to help innovate its sustainable solutions, while optimising resource consumption and extending the life of products. (more…)
June 4, 2024
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Afero announced that it has signed the Secure by Design pledge from the U.S. Cybersecurity and Infrastructure Security Agency (CISA), making it the first secure IoT platform company to do so. The move highlights the company’s dedication to delivering enterprise-grade security for IoT endpoints, including devices that may lack sufficient memory and processing power to support traditional operating systems.
The IoT Platform as a Service by Afero focuses on security, data privacy, simplicity, and user-friendliness throughout the end-to-end experience. These core principles are seamlessly integrated into the solution, empowering manufacturers and brands to safeguard their supply chain.
Afero’s technology is utilised in millions of devices spanning 150 product categories from over 50 manufacturers, including brands like Defiant, Hampton Bay, and EcoSmart.
“Our mission at Afero has always been to enable connected devices to be smart and secure,” said Joe Britt, CEO and co-founder of Afero. “By signing the CISA Secure by Design pledge, we are reinforcing our commitment to leading the IoT industry with robust security measures that extend all the way to the endpoint, even the most constrained devices. This pledge aligns perfectly with our core values and ongoing efforts to safeguard the IoT supply chain.”
The CISA Secure by Design pledge is a voluntary commitment to improve the security of enterprise software products and services, including on-premises software, cloud services, and software as a service (SaaS). While the pledge does not currently include physical products such as IoT devices and consumer products, Afero has been committed since its founding to extending this same secure-by-design philosophy down to physical products such as high-volume consumer devices.
“The surging demand for connected devices will make IoT security more critical than ever,” said Bret Jordan, the company’s chief security strategist. “Afero is at the forefront of securing this hyperconnected edge, ensuring every device, no matter how small, remains secure. As the first IoT platform player to sign the CISA pledge, we’re demonstrating Afero’s unwavering dedication to this cause.”
May 30, 2024
Posted by: Anna Ribeiro