Verizon and Centech Unveil Results of 5G Development Hub
BASKING RIDGE, N.J., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Verizon and Centech today announced the results from the first cohort of startups and scaleups in the 5G Development Hub. Centech is a world-class business incubator and non-profit organization based in Montreal, which welcomes innovative technology projects that meet the needs of the industry, market and society.
Launched in May 2022, the 5G Development Hub works to unlock innovation in multiple industries including manufacturing, supply chain, transportation, smart cities, energy and utilities.
Seven startups were selected to participate, and worked alongside network experts from Verizon to create new 5G use cases, and incorporate 5G and MEC-enabled technologies into their services. Selected companies tested their innovative solutions on Bell’s 5G network and mobile edge computing platform and benefited from Centech’s mentoring on business development and growth strategy.
“Verizon has a vested interest in the 5G future, and we see an extraordinary opportunity to encourage entrepreneurs to leverage the advanced capabilities that 5G offers,” said Jeff Frantz, Executive Director of Ecosystem Development at Verizon. “These programs enable startups to test, explore and create the products and ecosystems of tomorrow.”
“The 5G Development Hub brings together Canada’s booming startup ecosystem and the expertise of leading 5G and MEC providers,” said Richard Chénier, General Director at Centech. “5G is important for the future of innovation and this first cohort has proven to be successful. We look forward to continuing to create a space where we maximize the potential of startups through the use of 5G while equipping them to transform key sectors such as manufacturing, energy and smart cities.”
The 5G cohort companies and the results achieved through the 5G Development Hub include:
Kognitiv Spark creates Mixed Reality (MR) solutions with their robust MR platform, RemoteSpark. Kognitiv Spark has helped promote the adoption of MR in sectors where the technology can have a significant impact, including nuclear and power utilities, aerospace and defense and increasingly in the public sector.
I-5O has built a deep learning powered computer vision platform which helps manufacturers track, measure and improve their manual production operations in near-real time.
SmartCone is an IoT Connected Ecosystem company servicing a wide array of use cases including intelligent transportation systems, asset tracking and mining. SmartCone has created an open architecture system integration platform which includes the hardware and software components. SmartCone has multiple patents and its own full stack embedded programming language.
Edgecom Energy provides custom hardware and software solutions to reduce energy costs and emissions for large energy users, helping decision makers understand, improve and control how they consume energy, water and natural gas.
FuseForward offers an edge-secure data and analytics platform designed for organizations with multiple applications, data sources and diverse user groups. The company's integrated, scalable and secure platform provides actionable insights and analysis capabilities supporting both near-real time and historic reporting.
Peytec is an Industrial IoT and AI company that builds and sells hyper-accurate location tracking and sensing solutions. Peytec specializes in inventory tracking, asset management and real-time quality control. Peytec mainly serves industrial sectors including mining, manufacturing and agriculture.
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 $133.6 billion in 2021. 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 Bell Canada
Leveraging the power of our world-class wireless and fiber networks, BCE delivers a wide range of service innovations to consumers, businesses and government customers across Canada including LTE Advanced, Fiber Internet and TV, Wireless Home Internet, cloud and data hosting, IP voice and collaboration, Connected Cars, Smart Cities and Internet of Things.
Bell Media operates the country’s top media brands, such as CTV, V, TSN, RDS, Crave, Noovo and iHeartRadio, and is a leading investor in Canadian content creation, including local television and radio news, sports and entertainment programming, and other original TV and film productions.
Centech is an ecosystem that propels technological innovation and entrepreneurship projects from science and engineering. Open to all, Centech was founded in 1996 by the École de technologie supérieure. Thanks to its Acceleration and Propulsion programs, Centech acts as a real instrument of growth, thus creating one of the largest concentrations of technology entrepreneurs in the start-up phase in Quebec and Canada. Since 2018, Centech has its own open innovation hub, the Collision Lab, where large companies are supported in their open innovation initiatives in collaboration with technology startups.
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