Panasonic Veteran Randy Cowder to Lead the KOREPlex Lithium-Ion Battery Cell Manufacturing

Former Panasonic Gigafactory Manufacturing GM Joins KORE Power to Head Up Operations as VP of Manufacturing at Buckeye, AZ Facility

PHOENIX--(BUSINESS WIRE)--KORE Power, Inc. (KORE) has tapped energy storage and battery manufacturing veteran Randy S. Cowder to lead operations at their KOREPlex facility in Buckeye.

Cowder, who joins KORE as Vice President of Manufacturing, comes to the company from Panasonic’s gigafactory in Nevada, where he was general manager of manufacturing.

With more than 25 years of experience in manufacturing, Cowder is committed to KORE’s mission of delivering an American-built supply chain of energy storage solutions for the transition to a clean energy economy. He brings expertise in results-driven processes and site management and holds Six Sigma Black Belt certification.

“The KOREPlex team will be comprised of top-tier talent, solving energy and e-mobility sector supply chain challenges,” said Lindsay Gorrill, KORE’s CEO. “Randy brings energy storage manufacturing experience that will allow him to be a leader and mentor.”

KORE currently deploys its battery cells to its global customer base by leveraging the experience of its contract manufacturing partner. The new KOREPlex facility will add to its current 2 GWh annual production capacity, expanding it to 18 GWh total annual capacity by the end of 2023. KORE's U.S. facility will create new advanced manufacturing jobs in Arizona and strengthen U.S. energy security by creating a new domestic battery cell supply.

The KOREPlex will also offer modern, clean manufacturing, including fully automated cell assembly lines, automated material movement and handling, automated packaging lines and a pandemic-ready design to allow safe workspaces.

About KORE Power, Inc.

KORE Power, Inc., is a leading U.S.-based developer of battery cell technology for the clean energy industry, serving energy storage, e-mobility, utility, industrial and mission-critical markets across the globe. KORE Power designs and manufactures its proprietary NMC and LFP cells, VDA modules and packs, optimized by its battery management system. Also, through its global partnerships, KORE designs and manufactures top-tier energy storage solutions (ESS).

KORE Power’s differentiated approach provides customers with direct access, unparalleled service, superior technology and Tier 1 product availability. We care about building sustainable communities, clean energy jobs and green economic expansion. KORE Power is proud to offer functional solutions to real-world problems that fulfill growing market demand and contribute to a zero-carbon future. For more information, visit www.korepower.com.

Cautionary Statement

Certain statements contained herein constitute forward-looking statements, including but not limited to statements about the plans, objectives and expectations. All statements included herein, other than statements of ‎historical fact, are forward-looking information and such information involves various risks and ‎uncertainties. KORE Power, Inc. believes the expectations reflected in these forward-looking statements are ‎reasonable, but no assurance can be given that these expectations will prove to be correct and ‎such forward-looking statements in this news release should not be unduly relied upon. Forward-‎looking statements included in this news release are made as of the date of this news release and ‎ KORE Power disclaims any intention or obligation to update or revise any forward-looking statements, ‎whether as a result of new information, future events or otherwise, except as expressly required by ‎applicable securities legislation.‎