Ericsson launches Global Utilities Innovation Center

Rhea-AI Summary

Ericsson (NASDAQ: ERIC) has inaugurated its Global Utilities Innovation Center in Plano, Texas, aimed at enhancing 4G and 5G solutions for utility companies. This state-of-the-art facility features operating labs designed for utilities to collaborate on connectivity challenges and explore various use cases.

With an end-to-end operational lab mimicking a smart grid environment, the center promotes secure and reliable mission-critical networks. Ericsson aims to partner with utilities globally to advance their digital transformation and grid modernization initiatives.

Positive

• Inauguration of Global Utilities Innovation Center enhances utility innovation.
• State-of-the-art facility supports 4G and 5G technology advancements.
• Promotes collaboration between Ericsson, utilities, and OEM partners.
• Provides a safe environment for real-world testing of IoT devices.

Negative

• None.

New platform to accelerate 4G and 5G solutions for utilities

PLANO, Texas, May 4, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced the opening of its Global Utilities Innovation Center at its facility in Plano, Texas. The new fully functional facility consists of a purpose-built operating lab and demo environment locations that will allow utilities to engage with Ericsson and its partners to solve real-world connectivity challenges.

"Private cellular networks are principal catalysts for utilities in their digital transformation journey to address multiple use cases, and utilities can now leverage our Global Utilities Innovation Center to experiment with different 4G and 5G use cases and co-create with our ecosystem partners," said Koustuv Ghoshal, Vice President and Head of Utilities, Energy & Industrials at Ericsson North America. "We look forward to partnering with utilities around the world on their grid modernization journey."

The Global Utilities Innovation Center is integrated with Ericsson's state-of-the-art device testing lab a short distance from the Plano site, where energy utilities and Original Equipment Manufacturers (OEM) partners can test the interoperability of their utilities field and IoT devices over mission-critical networks in a safe and secure environment. As a fully functional end-to-end operational lab, the center contains a physical representation of an energy utility smart grid, enabling real-world demonstrations of end-to-end private network operations across the power grid from generation and transmission to distribution to end-users.

"Utilities require mission-critical networks that have to be secure, reliable, and increasingly sustainable," said Per Wahlen, Head of Business Development at Ericsson North America. "This center is a state-of-the-art facility where we can work closely with utility companies, exploring new 4G and 5G use cases and delivering end-to-end solutions. At each point, you can see the benefits of the latest generations of cellular wireless networks in enhancing security, resilience, and efficiency of the power infrastructure."

Ericsson's Global Utilities Innovation Center creates an interactive, engaging experience to showcase Ericsson and partner solutions for utilities. The Innovation Center environment is a learning platform for exchanging information and ideas between the utilities, Ericsson, and the entire industry.

The environment also allows for co-creation with Ericsson partners while utilities replicate their end-to-end use cases. The Global Utilities Innovation Center includes the Ericsson Experience Center in Plano, Texas, and Ericsson Labs in Richardson, Texas.

NOTES TO EDITORS:
Getting the energy utilities industry connected

Mission critical communication

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ABOUT ERICSSON:
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Digital Services, Managed Services and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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SOURCE Ericsson

FAQ

What is the purpose of Ericsson's Global Utilities Innovation Center?

The center aims to enhance 4G and 5G solutions for utilities, enabling collaboration on connectivity challenges and digital transformation.

Where is the Global Utilities Innovation Center located?

The Global Utilities Innovation Center is located in Plano, Texas.

When was the Global Utilities Innovation Center opened?

The center was inaugurated on May 4, 2022.

What technologies will the Global Utilities Innovation Center focus on?

The center will focus on 4G and 5G technologies for utility companies.

What can utilities test at the Global Utilities Innovation Center?

Utilities can test the interoperability of their field and IoT devices in a secure environment.