PLANO, Texas, April 17, 2019 /PRNewswire/ -- Ericsson (NASDAQ:
ERIC) and Future Technologies Venture LLC announced the companies
have signed a strategic cooperation agreement. Under the multi-year
agreement, Ericsson will be able to expand its reach into key
market verticals that Future Technologies Venture primarily
services such as utilities, oil and gas, mining and government. In
addition, the agreement allows Future Technologies the ability to
integrate Ericsson's Private LTE equipment and MINI-LINK microwave
products into their portfolio.
Future Technologies Venture is an end-to-end solution provider
and industry expert in all aspects of customer network evolution
for private and public network infrastructure projects throughout
North America.
Peter Cappiello, Chief Executive
Officer for Future Technologies Venture, says: "Ericsson is a
world-class equipment provider, and we're excited about this
collaboration. This agreement allows us the opportunity to
integrate Ericsson's products into our portfolio to provide our
customers with top-tier offerings."
Rishi Bhaskar, Vice President for
Energy and Public Sector Markets with Ericsson North America, says: "There's no
question Future Technologies has a unique reach into key verticals
that Ericsson would like to expand our presence in. More
importantly, this agreement is strategically beneficial for
customers because together we can help customers solve challenges
head-on."
Ericsson's Private LTE, which is part of its critical
communications broadband portfolio for service providers, enables
service providers to meet the business-critical and
mission-critical needs of industries and public safety agencies as
digitalization and modernization of land mobile radio
communications increases. This portfolio, including MINI-LINK
microwave products, will enable Future Technologies' customers to
effectively secure the critical communication needs of key market
verticals such as utilities, oil and gas, mining and
government.
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ABOUT ERICSSON
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business and is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's investments in innovation have
delivered the benefits of telephony and mobile broadband to
billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
ABOUT FUTURE TECHNOLOGIES VENTURE, LLC
Future Technologies Venture, LLC is an END to END solution
provider specializing in the assessment, planning, design,
implementation, and support of innovative communications solutions.
Future Technologies maintains a strong concentration on emerging
standards such as 5G, 4G, Private LTE, WIFI, SCADA and Automation
technologies. Future Technologies consistently
distinguishes itself as an industry expert in all aspects of
customer network evolution for PRIVATE and PUBLIC network
infrastructure projects throughout the US and International
markets. Future Technologies is headquartered in Atlanta, GA USA. www.futuretechllc.com
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SOURCE Ericsson