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Article Excerpt
- JV to Leverage Qualcomm's Network Technology and Device Management Service, and Verizon Wireless' Network Expertise and Simplified Device Certification Process -
SAN DIEGO and BASKING RIDGE, N.J., July 28 /PRNewswire-FirstCall/ -- Qualcomm Incorporated and Verizon Wireless today announced an agreement to form a joint venture to provide machine-to-machine (M2M) wireless communications and smart services offerings across a wide variety of market segments, including healthcare, manufacturing, utilities, distribution and consumer products. Capitalizing on the growth of M2M and smart services, the joint venture (name still to be determined), which will be equally owned by Qualcomm and Verizon Wireless, will be well positioned to provide a single source for end-to-end M2M solutions.
Smart services are the new services and business models enabled by M2M capabilities. For example, smart grid technology enables utilities to wirelessly connect to their grid assets, such as circuit breakers, transformers and...
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