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VZ Verizon Communications Inc

39.69
-0.09 (-0.23%)
15 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Verizon Communications Inc NYSE:VZ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.09 -0.23% 39.69 39.8381 39.45 39.45 10,477,024 00:58:56

Verizon Launches 5G Innovation Hub with the University of South Carolina

16/09/2022 4:00pm

GlobeNewswire Inc.


Verizon Communications (NYSE:VZ)
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Verizon and the University of South Carolina are exploring how 5G Ultra Wideband can transform industries including manufacturing, healthcare and civil infrastructure, among others. To do this, Verizon and the university launched the Innovation Experience Hub, powered by Verizon 5G housed in the McNair Center in Columbia, SC where students, faculty, entrepreneurs, and corporate partners can collaborate to test and create new solutions powered by Verizon 5G Ultra Wideband, which is available in select areas. 

Innovators at the hub will leverage 5G connectivity and solutions to help improve manufacturing processes with quality sensing and defect detection. In healthcare, they’ll test how 5G can enhance emergency response by enabling remote health monitoring and real-time analysis of patient vitals, as well as hospital connected asset management, to streamline asset retrieval and dispatch operations. When it comes to civil infrastructure, researchers will examine how 5G communications can enhance monitoring of roads and bridges with condition analytics and reporting, as well as drone-based visual inspection of roads, bridges and buildings, using AI-driven computer vision.

“Working with the University of South Carolina, we have a great opportunity to collaborate with dozens of partners to ideate and develop new 5G-powered solutions leveraging the latest technologies, including large-scale IoT, artificial intelligence, computer vision and augmented reality,” said Jennifer Artley, Verizon Business Senior Vice President of 5G Acceleration. “Verizon is the network America relies on. Giving researchers access to Verizon 5G Ultra Wideband, with its high bandwidth and low latency, can accelerate the innovation process, leading to new solutions that will transform how enterprises operate and grow.”

“Our relationship with Verizon exemplifies the benefits of partnerships between the University of South Carolina and the business community,” university president Michael Amiridis said. “This aligns with our focus on expanding research opportunities that solve problems and accelerate discoveries.”

This engagement is part of Verizon’s broader strategy to partner with enterprises, startups, universities, national labs and government/military organizations, to explore how 5G can disrupt and transform nearly every industry. Verizon operates several 5G Labs in the U.S. that specialize in developing use cases in industries ranging from healthcare to public safety to entertainment. In addition, Verizon is collaborating with various customers to establish 5G Innovation Hubs on-premises as part of an ongoing initiative to co-innovate and create new 5G applications.

Learn more about Verizon 5G technology here. 

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 and communications 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.

About the University of South Carolina

From the Upstate to the Lowcountry, and from the foothills of the Blue Ridge Mountains to the shores of the Atlantic, the University of South Carolina system is transforming the lives of South Carolinians through the impact of our eight institutions across the state. The university’s flagship campus in Columbia has 60 ranked programs according to U.S News & World Report and serves as a research hub for the entire state. Four-year campuses in Aiken, Upstate and Beaufort deliver world-class educational opportunities and increased access to brighter futures outside the state’s capital city. And Palmetto College expands the university’s reach even further with two-year regional campuses in Lancaster, Salkehatchie, Sumter and Union plus a variety of online degree options available to anyone in the state and beyond, ensuring that South Carolinians have multiple avenues to reach their higher education goals no matter where they live.

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

Media contacts: Chris Ashrafchristina.moon.ashraf@verizon.com(201) 320-4259@ChrisMoonPR

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