Verizon “Built on 5G Challenge” Winner, Ario, Gets $1M to develop 5G concept
January 29 2020 - 9:00AM
Verizon has named the winners of its “Built on 5G Challenge”
launched in April 2019. The nationwide search that asked innovators
to offer up their best and brightest 5G ideas received more than
550 submissions. Three winners were chosen.
And the winners are:
- First Place: The $1 million winner is Ario.
The company has developed an augmented reality (AR) productivity
platform to increase workplace safety and efficiency. Ario will use
Verizon 5G Ultra Wideband to improve the platform’s performance
with advanced connectivity and improved image
recognition.
- Second place: The $500,000 prize winner is
GAROU. The company’s virtual reality (VR) content platform
leverages a 3D model of the world as an interface for accessing
content and for in-VR social interaction. The company will use
Verizon 5G to improve VR technology in a multi-user setting and
help users access content in real time.
- Third place: The $250,000 prize winner is
LexSet. The company generates synthetic image data from 3D content
to train high-performance computer vision AI. The company will use
Verizon 5G to enable advances in edge-based mixed reality,
robotics, and inventory management.
“These innovators have come up with some really
ground-breaking solutions that can only be fully realized with the
fast speeds, massive bandwidth and super-low latency that Verizon
5G Ultra Wideband offers,” said Nicki Palmer, chief product
development officer at Verizon. “By bringing these companies into
our 5G Labs, where we collaborate with universities, startups and
enterprises to co-create 5G concepts, we’re giving them access to
all the tools they need to create truly transformational
experiences that will reshape entire industries.”
Challenge winners’ concepts were judged on criteria including
how their ideas could increase business efficiency, improve
immersive experiences and/or solve customers’ most challenging
problems. For an eight-week period, the winners will have access to
Verizon 5G Ultra Wideband at Verizon’s 5G Labs and partner with
Verizon 5G specialists to develop their concepts.
Learn more about Verizon 5G Labs and Verizon 5G technology.
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 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.
VERIZON’S ONLINE MEDIA CENTER: 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/.
Media contact:Chris
Ashraf201.320.4259christina.moon.ashraf@verizon.comTwitter:
@ChrisMoonPR
Verizon Communications (NYSE:VZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Verizon Communications (NYSE:VZ)
Historical Stock Chart
From Apr 2023 to Apr 2024