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Verizon (VZ) Launches Hyper Precise Location Service for Customers

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Verizon Communications Inc. (VZ - Free Report) has launched its Hyper Precise Location (HPL) service in more than 100 major U.S. markets.

Available on Verizon ThingSpace, HPL is a Software-as-a-Service offering that provides real-time global navigation satellite system data to the device. It enables location with centimeter-level accuracy for the device user on 5G and 4G networks.

Together with Verizon’s 5G Edge capabilities, the solution provides precise positioning data that Cellular Vehicle-to-Everything technology depends on for safety applications.  Furthermore, HPL can enable low-cost location capabilities for industries such as HD mapping, robotics and construction.

Verizon’s 5G Edge is a mobile edge computing platform that has been designed to enable developers to build applications for mobile end users and wireless edge devices with ultra-low latency and massive throughput. 5G Edge moves the data and processing done by the applications and services closer to the end user at the edge of the network.

HPL is likely to boost cutting-edge technologies across industries, spanning intelligent driving, drone delivery and automated operations. For privacy protection, the data does not get stored or shared. HPL can also support emerging technologies that depend on advanced IoT applications such as asset tracking and high-value shipping.

Recently, Verizon collaborated with automakers to demonstrate HPL applications in vehicle-pedestrian safety situations. Its focus on upgrading the network will enhance the performance for better customer experiences.

Verizon’s shares have inched up 0.1% in the past year compared with 11.5% growth of the industry.



The stock currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader industry are Ubiquiti (UI - Free Report) , Cambium Networks (CMBM - Free Report) and Micron Technology (MU - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Ubiquiti delivered a trailing four-quarter earnings surprise of 37.1%, on average.

Cambium delivered a trailing four-quarter earnings surprise of 128%, on average.

Micron delivered a trailing four-quarter earnings surprise of 6.5%, on average.

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