Ericsson and Panasonic Join Forces to Deliver Smart, Sustainable Energy Solutions for Mobile Operators, Tower Companies, Others
February 24 2017 - 6:00AM
- Ericsson and Panasonic will join forces to bring
Panasonic lithium ion batteries to Ericsson's energy-as-a-service
solution, reducing total cost of ownership by 20%
- Innovative and unique energy-as-a-service
solution uses the Internet of Things (IoT) and big data analytics
to make networks smarter
- Alliance to address mobile operators and tower
companies, as well as utilities, transport and public safety
Ericsson (NASDAQ: ERIC) and Panasonic Corporation
of North America are collaborating to bring a new
energy-as-a-service (EaaS) solution to market. This is the first
time that the two companies will work together on smart sustainable
energy solutions. The offering will provide an efficient way to
intelligently measure, monitor and maintain energy infrastructure
for mobile operators and tower companies by using big data-based
analytics, energy management software, and lithium ion battery
energy storage.
The two companies' solution minimizes the energy
costs and other resources required to manage sites. For mobile
operators, enterprises and governments, this solution will deliver
a reduced total cost of ownership for energy equipment by up to 20
percent, primarily driven by longer battery life and fewer
maintenance site visits resulting in the highest level of network
availability.
With this as-a-service model up-front investment
is not needed and this is an example of how the circular economy
opens up for reduced environmental impact through longer product
life, replacement of lead in batteries and reduced need for
transport.
"Effective energy is a major focus area for all of
our customers and we are always looking for opportunities to reduce
carbon emissions. Energy-as-a-service is a new business model that
is designed to make energy operations more efficient, smarter and
more sustainable. We believe our strategic relationship with
Panasonic will deliver significant benefits to our customers in
terms of OPEX savings and contribute to an overall improved
experience for their customers, resulting from a higher level of
network reliability," says Bradley Mead, Head of Managed Services
and Network Design Optimization at Ericsson.
With its deep expertise in network management and
connectivity, Ericsson will be responsible for products and
services driven via its Integrated Operations Center, focusing
initially on its managed services customers. Panasonic with its
deep expertise in energy assets and management will be responsible
for the energy architecture and solution orchestration backing up
the service.
"We are excited to closely collaborate with
Ericsson on smart, sustainable energy-as-a-service solutions,
leveraging the companies' respective strengths in
telecommunications and energy solutions," says Jim Doyle, president
of Panasonic Enterprise Solutions Company, a division of Panasonic
Corporation of North America. "This solution reduces total cost of
ownership and energy consumption while improving system resilience
and connectivity uptime, benefitting mobile operators and tower
companies as well as their customers. In addition,
telecommunications forms the backbone that supports not just IoT
generally but also responsive infrastructure for smart cities
specifically, including the smart city solutions being deployed by
Panasonic CityNOW."
The companies will collaborate to further
customize and develop the solution so it can better meet the needs
of customers in the utility, transport and public safety sectors,
and support the migration toward smarter and more sustainable
cities.
Ericsson at Mobile World Congress
2017
Anything can happen on the
digital frontier, a promising but undiscovered future. From
February 27 to March 2 in Barcelona, Spain, Ericsson is
demonstrating a collaborative approach and innovative solutions to
succeed in this arena.
With our customers and partners,
we work across industries, physical boundaries and perceived
limitations. Join us in Hall 2 or online during MWC 2017 and engage
in conversations and demonstrations about our favorite things: 5G;
platforms and services for IT, Cloud, Networks and TV & Media;
connected solutions for industries; the Internet of Things; and
partnering for success.
See you there!
About Panasonic Corporation of
North America
Newark, NJ-based Panasonic Corporation of North
America is a leading technology partner and integrator to
businesses, government agencies and consumers across the region.
The company is the principal North American subsidiary of Osaka,
Japan-based Panasonic Corporation and the hub of Panasonic's U.S.
branding, marketing, sales, service and R&D operations.
Panasonic was featured in Fortune Magazine's 2016 ranking of 50
companies that are changing the world and doing well by doing good.
Specifically cited were its smart and sustainable technologies,
including its contributions to smart cities and the electric
vehicle revolution. Learn more about Panasonic at
us.panasonic.com/news.
Panasonic media contact:
Jim Reilly
jim.reilly@us.panasonic.com
(+1 201 392-6067)
NOTES TO
EDITORS
For media kits, backgrounders and high-resolution photos, please
visit www.ericsson.com/press
FOLLOW US:
www.twitter.com/ericsson
www.facebook.com/ericsson
www.linkedin.com/company/ericsson
www.youtube.com/ericsson
|
MORE
INFORMATION AT:
News Center
media.relations@ericsson.com
(+46 10 719 6996)
investor.relations@ericsson.com
(+46 10 719 00 00)
|
Ericsson is a world leader in
communications technology and services with headquarters in
Stockholm, Sweden. Our organization consists of more than 111,000
experts who provide customers in 180 countries with innovative
solutions and services. Together we are building a more connected
future where anyone and any industry is empowered to reach their
full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5
billion). The Ericsson stock is listed on Nasdaq Stockholm and on
NASDAQ in New York. Read more
on www.ericsson.com.
Ericsson and Panasonic Join
Forces
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ericsson via Globenewswire
Ericsson (NASDAQ:ERIC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ericsson (NASDAQ:ERIC)
Historical Stock Chart
From Apr 2023 to Apr 2024