Well, the easiest way to describe Kore is that they are North America's largest independent provider of digital wireless services. They buy airtime from guys like AT&T and Verizon and then we retail that airtime to the customer. What is really great about this system is that we (HISS) become the virtual provider and we generate a monthly reoccurring revenue off each device. This is a great step forward for us because in most applications we only make a margin off the hardware and a limited "commission" on software and airtime.
Kore is not in any way, shape or form meant to be a replacement for our relationship with AT&T and Sprint/Nextel. We have worked too hard to jeopardize those relationships. There are times when using AT&T and Nextel are the best route for the customer and we will continue to sell through those channels.
Kore has certified our device on their network and has issued a Joint Press Release. The full Kore Telematics press release can be found by clicking HERE.
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