BROOKLYN, N.Y., Nov. 18, 2020
BROOKLYN, N.Y., Nov. 18, 2020 /PRNewswire/ -- Verizon and Newlab today announced results from the first cohort of companies testing new applications of 5G technology through the organizations' 5G Studio. Earlier this year, Verizon and Newlab launched the 5G Studio to support the development of next-generation industry applications built on Verizon's 5G Ultra Wideband network.
To facilitate the 5G Studio, Verizon deployed 5G Ultra Wideband and mobile edge compute (MEC) at Newlab's headquarters in the Brooklyn Navy Yard. Leveraging access to 5G capabilities and Newlab's advanced prototyping resources and product realization support, companies from Newlab's vast member community and beyond have been able to showcase their technologies to address challenges across industries.
"Verizon seeks to empower innovation using the transformational power of Verizon's 5G Ultra Wideband and MEC technologies," said Elise Neel, VP of New Business Incubation at Verizon. "We are proud to collaborate with Newlab through the 5G Studio to enable leaders at the frontier of the fourth industrial revolution to leverage the extraordinary capabilities of 5G and edge computing to help create the products and ecosystems of the future."
"5G technology and edge computing are ushering in an unprecedented era of innovation, with profound implications for how we will live and work," said Shaun Stewart, CEO of Newlab. "Earlier this year, we proudly established the 5G Studio with Verizon, a collaboration intended to harness the immense potential of 5G advancements by providing critical support to companies applying technology to transform industry and society. The results produced by this year's incredible cohort of 5G Studio companies is a testament to the enormous breadth of these solutions, to the cohort companies' visions, and to the efficacy of Newlab's Innovation Studio model in empowering entrepreneurial innovation."
The following are the 5G Studio's first cohort of startups, along with a description of each company's 5G application and test results:
Newlab is a community of experts and innovators applying transformative technology to solve the world's biggest challenges. Newlab membership and studios bring together entrepreneurs, engineers, inventors and industry leaders to create sustainable solutions and enterprises. Newlab employs technologies including robotics, AI and material science to transform what matters most—health, environment, media, cities, and infrastructure.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as 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 $131.9 billion in 2019. 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.
CONTACT: Lynn Fischer, PR@Newlab.com
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