Ericsson and Future Technologies Venture ink strategic cooperation agreement
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
