Verizon Communications (NYSE:VZ)
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3 Months : From Jan 2020 to Apr 2020
Verizon (NYSE: VZ) has teamed up with Honeywell (NYSE: HON) to help utilities speed up and simplify the deployment of new communication-enabled, intelligent sensors and controls for the smart electric grid. By integrating Verizon’s Managed Connectivity LTE solutions into Honeywell’s next-generation smart meters and other electric, gas, and water solutions, the two companies will drive energy savings by more quickly deploying smart electric grid technologies. These technologies allow consumers to use energy at the optimum time and help utilities manage and plan for peak demand.
Combining Managed Connectivity, which will be offered as a service on Verizon’s LTE network, with Honeywell Smart Energy software, hardware and services, the collaboration will provide utility companies with a highly scalable, fully managed, open computing and communications platform to help them manage operations efficiently and safely deliver new services to their customers.
The platform will include features important to utilities, including:
- Strong device identity and security,
- Dynamic network authorization and access,
- Device and application discovery,
- Remote device monitoring and management,
- Modem firmware and application upgrades,
- Real-time device diagnostics, and
- Simplified supply-chain and data access.
“Working with Honeywell on these next-generation solutions will enable the reliability and scalability of the communications needed to deliver smart metering, manage distributed energy resources, conserve water, and make the digital world work better for utilities and consumers,” said Jay Olearain, director, Enterprise Products and IoT at Verizon. “Our Connected Utilities solutions bring connectivity and computing capabilities to all kinds of IoT devices, helping companies like Honeywell grow their leadership positions in the utilities space and expand their business models into new market opportunities.”
The open secure edge computing and networking platform enables Honeywell to incorporate sophisticated technologies like artificial intelligence and machine learning into its meters. The two companies are also working to explore how 5G can transform the utility industry through higher bandwidth, faster speeds and low latency, enabling advanced industrial automation and control solutions along with real-time analytics.
“The Honeywell portfolio of utility applications and analytics expands with the new capabilities of wireless IoT,” said Ann Perreault, director, Connected Utilities, Honeywell Smart Energy. “By taking advantage of an already built, cellular infrastructure, our utility customers can more quickly deploy new capabilities based on interoperable communications, allowing them to facilitate innovation. This means that it is easier and more cost effective for utilities to apply analytics to plan for energy demand and to integrate emerging new technologies including micro-renewable generation, electric vehicles, battery storage and semi-autonomous control into the next evolution of the grid.”
The availability of Verizon Managed Connectivity firmware within LTE network interface cards and LTE edge server routers accelerates the development of a new and innovative digital ecosystem of utility connected devices on LTE at scale.
About VerizonVerizon 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 communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $130.9 billion in 2018. The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
About HoneywellHoneywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Verizon Media contact: Kyle Ragonese732.236.3526Kyle.Ragonese@verizon.com
Honeywell Media contact:Stefanie Cuene602.436.0811Stefanie.Cuene@honeywell.com