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Wednesday, September 7, 2016

Verizon Is Teaming With Qualcomm to Push Smart Devices

Several of NWP's current submeters that measure electricity, water and gas. Image courtesy of NWP. Water meters and vending machines could have easier connectivity. #Verizon Communications got a boost for its software platform for connected smart devices, announcing a new partnership with chipmaker #Qualcomm. The carrier has been rolling out a new wireless service, known as CAT-M1, for connecting smart devices such as water meters, vending machine,s and health monitors along with a software platform to help programmers write apps for the devices. On Tuesday, Verizon said Qualcomm QCOMM 0.00% would integrate the software platform, called ThingSpace, into low-power modems designed to connect to the CAT-M1 service. The target market is devices with relatively light connectivity needs, only occasionally needing to send data over the wireless network or only in small amounts. The goal is to capture a growing share of the market from the Internet of things movement. Verizon faces competition not just from other major carriers like #AT&T T 0.10% , but also startups like SigFox that are aiming to provide wireless connectivity for smart devices at a lower cost. Verizon hopes its top-to-bottom offerings integrating software tools, apps, and connectivity will be more compelling than solutions requiring multiple suppliers. But it still needs to work with leading hardware vendors, like Qualcomm.

http://fortune.com/2016/09/06/verizon-qualcomm-smart-device-push/

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