STOCK TITAN

GE adds Verizon 5G to Testbed to explore Energy, Health Care and Aviation use cases

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Verizon has installed its 5G Ultra Wideband network at GE’s Research Lab in Niskayuna, NY. This collaboration signals advancements in various applications, including remote patient monitoring, real-time control of wind farms, and aircraft engine maintenance. The 5G technology delivers speeds at least 10 times faster than 4G with ultra-low latency, enhancing asset management capabilities. GE's CTO highlighted this as a transformative step for industrial connectivity. The project aims to create next-gen solutions harnessing AI, machine learning, and other digital technologies.

Positive
  • Installation of 5G Ultra Wideband network enhances technological capabilities at GE's lab.
  • Collaboration with GE allows Verizon to showcase practical applications of 5G technology.
  • 5G technology enables real-time management of industrial operations and enhances prediction capabilities.
Negative
  • None.

What you Need to Know:

  • Verizon installs 5G Ultra Wideband network at GE’s Lab on its Niskayuna, NY campus
  • GE researchers eyeing a broad array of applications, including remote patient monitoring, wireless, real-time control of wind farms and predictive maintenance of connected aircraft engines 
  • 5G Ultra Wideband offers reliability, peak throughputs at least 10x faster than 4G, and ultra-low latency for providing near instantaneous response time   

NISKAYUNA, N.Y. and BASKING RIDGE, N.J., April 29, 2021 (GLOBE NEWSWIRE) -- Signaling the dawn of a new era for smart industrial machines and systems, GE Research, the technology development arm of the General Electric Company (GE), is collaborating with Verizon Business to create a cross industry testbed powered by Verizon 5G Ultra Wideband.

Vic Abate, GE’s Chief Technology Officer, said “Together with Verizon, we are leading the way in innovating on 5G. It marks a pivotal moment for the industrial world, as we finally have a wireless network platform that delivers the speed, scale, reliability and flexibility to connect industrial devices in a truly transformative way.”

“Verizon’s 5G platform capabilities provide the perfect testbed for GE’s research team to build the next-generation, real-time solutions that will transform every industry,” said Tami Erwin, CEO of Verizon Business. “There’s never been a more critical time to build the 21st century infrastructure built on mobility, broadband and cloud and our 5G sits right at the epicenter.”

5G is the next generation network that finally boasts the high speed and low latency that is required to dynamically manage industrial machines, systems and operations.  The speed of 5G Ultra Wideband is at least 10 times faster than 4G and up to 4 Gbps under ideal conditions in some locations.  

GE Research’s 5G Mission Leader, Dr. SM Hasan, likened the speed and scale of a 5G network to being able to have thousands of people in a room at one time running internet apps on their mobile devices without any delays. “If you’ve ever been in a public area like an airport and experienced a slow Wi-Fi connection, it’s because the network is experiencing heavy traffic that slows everything down.”

Verizon’s 5G will eventually be capable of connecting one million devices per square mile, which is 10x greater than 4G. Hasan added, “For us, it’s about enabling thousands of assets to be managed in real-time at one-time. 5G’s speed, scale, and near-instantaneous response time are opening new levels of capabilities in the management of assets and operations that engineers previously could only dream of using.”    

“The superior network speed and capacity of 5G networks will allow us to take full advantage of a multitude of digital technologies to transform industrial assets and operations,” Hasan added. “From AI and machine learning to digital twins and autonomous technologies, 5G can accelerate the path to everything from self-driving cars and digital health to more resilient, reliable energy grids powered by more carbon-free energy assets like intelligent wind farms.”

Verizon already has begun the process of installing its 5G Ultra Wideband network on GE’s Research campus. Eric Tucker, Sr Director of Technical Products at GE said: “We are excited to work with the GE businesses and key partners like Verizon and the U.S. Department of Defense to translate Research to Reality and showcase the power of digitally connected and 5G enabled solutions for our customers, and the world”.

Learn more information about Verizon’s 5G technology

About GE Research

GE Research is GE’s innovation powerhouse where research meets reality. We are a world-class team of scientific, engineering and marketing minds working at the intersection of physics and markets, physical and digital technologies, and across a broad set of industries to deliver world-changing innovations and capabilities for our customers. To learn more, visit our website at https://www.ge.com/research/.

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. 

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at https://www.verizon.com/about/media-center. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact: 

Chris Ashraf
christina.moon.ashraf@verizon.com
(201) 320-4259
@ChrisMoonPR


FAQ

What is the significance of Verizon's 5G installation at GE's Lab?

The installation marks a pivotal advancement in industrial connectivity, enhancing the capability for real-time monitoring and management of various systems.

How fast is Verizon's 5G compared to 4G?

Verizon's 5G Ultra Wideband offers speeds that are at least 10 times faster than 4G.

What applications are being explored with Verizon's 5G technology?

Applications include remote patient monitoring, wireless control of wind farms, and predictive maintenance of connected aircraft engines.

When was Verizon's 5G network installed at GE's Research Lab?

Verizon began installing its 5G Ultra Wideband network at GE's Research Lab in April 2021.

What are the benefits of using 5G technology in industrial settings?

5G technology provides high speed, low latency, and the ability to connect one million devices per square mile, facilitating dynamic management of industrial operations.

Verizon Communications

NYSE:VZ

VZ Rankings

VZ Latest News

VZ Stock Data

180.99B
4.21B
0.04%
65.53%
1.2%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
NEW YORK