The realization of Cat M1 technology has been in the making for more than 2 years. Verizon is enabling a rich and open-sourced environment for Cat M1 in collaboration with industry-leading partners representing infrastructure, chipsets, modules and devices that include Altair, Sequans, U-Blox, Telit, Sierra Wireless, Gemalto, Nokia, Ericsson and others. Verizon maintains a strong leadership position in IoT with a history of firsts including; first deployment of LTE, LTE Cat 1 and soon LTE Cat M1. Today's announcement also follows Verizon's creation of a new core IoT network within its LTE architecture earlier this year optimized for more advanced IoT applications.
"Up until now, the cost to connect devices to a wide-area network has been a barrier to widespread IoT," said Rosemary McNally, vice president Mobile Devices & OS Technology at Verizon. "By evolving our device ecosystem to include Cat M1, we're aligning Verizon's 4G LTE network to the needs of future IoT deployments. We are also taking direct aim at emerging low power wireless access (LPWA) solutions, which have entered the U.S. market, but do not offer the same level of scale, coverage and security as LTE."
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of nearly 162,700 and generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 113.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premiere all-fiber network, and delivers integrated business solutions to customers worldwide.
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