[ Back ]   [ More News ]   [ Home ]
Verizon CEO Hans Vestberg Keynotes 2019 Consumer Electronics Show

LAS VEGAS, Jan. 08, 2019 (GLOBE NEWSWIRE) -- In a keynote address at the 2019 Consumer Electronics Show (CES), Verizon Chief Executive Officer Hans Vestberg discussed upcoming breakthroughs in connectivity, shaping the direction of change and how 5G will impact how we live, work and play.

“5G is way more than just a step up from current wireless technology,” said Vestberg, who succeeded Lowell McAdam as Verizon’s CEO in August. “It’s a quantum leap that will bring an era of radically new possibilities across all areas of technology.”

During the keynote, Vestberg introduced the eight “currencies” of 5G that will unleash highly connective technologies and blend physical and digital realms like never before – from AR and VR to IoT, AI, autonomous vehicles, advanced robotics, 3D printing, wearable tech and more.

The eight currencies are:

These performance metrics are based on 3GPP industry specifications and represent the potential of 5G technology.”

Vestberg added that Verizon’s ability to deliver all eight currencies of 5G is dependent on its fiber, spectrum, network density, and real estate – and that companies lacking these assets are underestimating what it will take to provide true 5G service. “Anyone who thinks 5G is just for the mobile handset is thinking too small.”

Long an advocate for technology’s potential in advancing environmental sustainability, Vestberg hailed the potential of 4th Industrial Revolution (4IR) innovations to “improve energy efficiency” and “cut carbon emissions and resource usage across production cycles, from manufacturing to shipment to packaging to reuse.”

He also called for “a conversation that will involve not only Verizon and other leading tech companies, but people from a wide range of sectors and backgrounds” to determine how to “use these unprecedented technologies so that we may harness their power for the greater good to benefit society.”

As part of the keynote presentation, Vestberg introduced an array of partners who discussed how their organizations were using 5G technologies including:

In addition, Vestberg introduced the audience to Clayton Harris, the first person in the world to have 5G Home installed in his Houston home, and Los Angeles Laker Kyle Kuzma, who along with Yahoo Sports’ Jared Quay showcased a Verizon 5G virtual reality experience created as part of Verizon’s innovation collaboration with the NBA.

To close the keynote, Vestberg officially launched Verizon’s “ Built on 5G Challenge,” calling on innovators to create new solutions that leverage 5G connectivity to transform the way people live, work and play. For more information, go to www.verizon.com/Builton5GChallenge.

Up to $1 million in total will be awarded to the winning innovators to develop their concepts on live 5G networks located at Verizon’s 5G New York Lab, 5G Waltham Lab, 5G Cambridge Lab, and  new locations being built in Los Angeles, Palo Alto, and Washington D.C. In addition, Verizon 5G Lab technical advisors will provide training and support to winning innovators.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) is headquartered in New York City. The company operates America’s most reliable wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. With brands like Yahoo, Techcrunch and HuffPost, the company's media group helps consumers stay informed and entertained, communicate and transact, while creating new ways for advertisers and partners to connect. Verizon's corporate responsibility prioritizes the environmental, social and governance issues most relevant to its business and impact to society.

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:
Mariana Agathoklis
Mariana.Agathoklis@verizon.com
917-969-7977

Lauren Tilstra
lauren.tilstra@verizon.com
908-635-9099

verizon_logo_1300x400.jpg