UTStarcom and China Mobile Group Jointly Launch the goBox™ 5G-powered Smart Commercial Refrigerator
May 10 2019 - 9:37AM
UTStarcom ( “UT” or “the Company) (NASDAQ: UTSI), a global
telecommunications infrastructure provider, today announced that
the company launched the goBox, its first 5G-powered smart
commercial refrigerator. The launch was done together with
China Mobile Group Zhejiang Company Limited. (Hangzhou).
The goBox smart vending machine creates a new
way of shopping by not only enhancing the buying experience, but
also driving greater consumption per transaction. Consumers
can confirm their identity through facial recognition without
carrying a mobile phone, and then open the door to pick their
favorite products and close the door to complete payment.
This seemingly simple shopping process is enabled by a
powerful system platform supported by 5G, mobile cloud and
artificial intelligence.
Mobile payment is now ubiquitous due to fast 4G
networks, but the power of 5G is poised to eliminate the need for
the phone, replacing it with facial recognition. 5G-enabled
smart vending machines utilize advanced biometric technology, which
differs from earlier generations of facial recognition software.
The new technology collects ultra-high-definition dynamic 3D
data of the human face to perform the analysis; peak data volume
can reach 500Mb. With the support of high bandwidth 5G, the
elapsed time from transmission to recognition can be less than one
second. With the support of the 5G network, the goBox enables
users to enjoy the magic of “no hassle payment.”
The application of AI in new retail can greatly
enhance the shopping experience. When the customer selects a
product, the goBox recognizes the chosen product by collecting
real-time data through various cameras and sensors and then
performing deep image recognition. Processing is accomplished
by the goBox using the ultra-low latency 5G network to send imaging
data into the mobile cloud, where AI software performs the
analysis. Via this advanced infrastructure, product
recognition speeds can reach milliseconds.
With the arrival of commercial 5G technology,
China Mobile Group Zhejiang Company Limited. (Hangzhou) and
UTStarcom are promoting exciting new retail solutions. The
partners are creating goBox applications for high-speed rail
stations, hospitals, shopping malls, hotels and other fields, so
that more people can enjoy the convenience of life in the 5G era.
By directly promoting the rapid development of the digital
economy, 5G-enabled technology will transform smart retail,
improving the efficiency and quality of service of the retail
industry.
About UTStarcom Holdings
Corp.
UTStarcom is committed to helping network
operators offer their customers the most innovative, reliable and
cost-effective communication services. UTStarcom offers high
performance advanced equipment optimized for the most rapidly
growing network functions, such as mobile backhaul, metro
aggregation and broadband access. UTStarcom is further
leveraging its technology expertise to bring smart networked
products to new applications, such as its goBox automated
refrigerated dispenser for retail stores. UTStarcom has operations
and customers around the world, with a special focus on Japan and
India. UTStarcom was founded in 1991 and listed its shares on the
Nasdaq Market in 2000 (symbol: UTSI). For more information about
UTStarcom, please visit http://www.utstar.com.
For investor and media inquiries, please
contact:
UTStarcom Holdings Corp.Tel: +852-3951-9757
Ms. Fei Wang, Director of Investor Relations
Email: fei.wang@utstar.com
Ms. Ning Jiang, Investor RelationsEmail:
njiang@utstar.com
In the United States:The Blueshirt Group Mr.
Ralph FongTel: +1 (415) 489-2195Email: ralph@blueshirtgroup.com
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