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Ericcson and Intel Tie Up Over 5G, Launch 5GI2 Platform
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Telefonaktiebolaget LM Ericsson (publ) (ERIC - Free Report) recently collaborated with technology behemoth Intel Corporation (INTC - Free Report) to advance 5G research. The companies launched an open industry platform – 5G Innovators Initiative (5GI2) – to create transformative experiences for clients. Going forward, 5GI2 will facilitate the introduction of IoT solutions for a gamut of industries, ranging from aircraft and industrial plants to manufacturers and retailers.
Initially 5GI2, which has Honeywell International Inc. (HON - Free Report) , General Electric Company (GE - Free Report) and the University of California as its first participants, will explore, test and improve 5G network distributed edge technologies. Going forward, other equipment manufacturers and technology biggies are also expected to join the 5GI2 bandwagon in order to accelerate the adoption of 5G wireless and infrastructure innovation in the U.S.
Fostering the development, Industrial Internet of Things (IIOT) will be on the top of the list of 5GI2. This will comprise development of pilot programs for application of technologies, including augmented and virtual reality for surveillance of hazardous environments through first responder drones. Eventually, as more participants join 5GI2 other 5G pilot programs are likely to be developed for other industries. This development will enable autonomous driving, create smart and connected cities as well as give boost to healthcare.
5GI2 brings together technological strengths and intellectual capital from each of the participants that will eventually help multiple industries to reap the benefits of 5G connectivity, IoT along with cloud services. Undoubtedly, it is a major milestone in Ericsson’s 5G research, and is in line with its previous 5G programs including 5G for Sweden and 5G for Europe, aimed to digitize other industries.
After a bearish run for most part of last year, Ericsson’s shares gained some momentum in the last three months returning 20.1%, in stark contrast to the Zacks categorized Wireless Equipment industry’s negative return of 4.1%. Promotion of 5G development is part of Ericsson’s three-pronged “core business growth”, the other two being targeted growth and cost & efficiency program. Furthermore, the company believes that standardization of 5G is the cornerstone for digitalization of industries as well as broadband and is well on track to fortify its 5G foothold.
Industry players expect 5G standards to be finalized at the earliest in 2019, with commercial deployments to be carried out starting 2020. In order to take advantage of this, Ericsson continues to aggressively drive progress in 5G technology and currently has 5G network trials scheduled with 24 operators. Additionally, this Zacks Rank #3 (Hold) company is working on 5G projects and future use cases, along with 12 industry partners and about 20 research institutes and universities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Ericcson and Intel Tie Up Over 5G, Launch 5GI2 Platform
Telefonaktiebolaget LM Ericsson (publ) (ERIC - Free Report) recently collaborated with technology behemoth Intel Corporation (INTC - Free Report) to advance 5G research. The companies launched an open industry platform – 5G Innovators Initiative (5GI2) – to create transformative experiences for clients. Going forward, 5GI2 will facilitate the introduction of IoT solutions for a gamut of industries, ranging from aircraft and industrial plants to manufacturers and retailers.
Initially 5GI2, which has Honeywell International Inc. (HON - Free Report) , General Electric Company (GE - Free Report) and the University of California as its first participants, will explore, test and improve 5G network distributed edge technologies. Going forward, other equipment manufacturers and technology biggies are also expected to join the 5GI2 bandwagon in order to accelerate the adoption of 5G wireless and infrastructure innovation in the U.S.
Fostering the development, Industrial Internet of Things (IIOT) will be on the top of the list of 5GI2. This will comprise development of pilot programs for application of technologies, including augmented and virtual reality for surveillance of hazardous environments through first responder drones. Eventually, as more participants join 5GI2 other 5G pilot programs are likely to be developed for other industries. This development will enable autonomous driving, create smart and connected cities as well as give boost to healthcare.
5GI2 brings together technological strengths and intellectual capital from each of the participants that will eventually help multiple industries to reap the benefits of 5G connectivity, IoT along with cloud services. Undoubtedly, it is a major milestone in Ericsson’s 5G research, and is in line with its previous 5G programs including 5G for Sweden and 5G for Europe, aimed to digitize other industries.
After a bearish run for most part of last year, Ericsson’s shares gained some momentum in the last three months returning 20.1%, in stark contrast to the Zacks categorized Wireless Equipment industry’s negative return of 4.1%. Promotion of 5G development is part of Ericsson’s three-pronged “core business growth”, the other two being targeted growth and cost & efficiency program. Furthermore, the company believes that standardization of 5G is the cornerstone for digitalization of industries as well as broadband and is well on track to fortify its 5G foothold.
Industry players expect 5G standards to be finalized at the earliest in 2019, with commercial deployments to be carried out starting 2020. In order to take advantage of this, Ericsson continues to aggressively drive progress in 5G technology and currently has 5G network trials scheduled with 24 operators. Additionally, this Zacks Rank #3 (Hold) company is working on 5G projects and future use cases, along with 12 industry partners and about 20 research institutes and universities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>