Verizon Wireless 2011 Annual Report Download - page 10

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A TRUER CONNECTION
THROUGH INNOVATIVE TECHNOLOGY
More than 60 partners
from the 4G LTE ecosystem
demonstrated products and
solutions for businesses and
consumers at our booth.
Verizon’s booth at the
2012 International
Consumer Electronics
Show showcased
innovation and
opportunities made
possible by harnessing
the power of 4G LTE
technology.
Booth demos featured
4G LTE products for
entertainment,
energy management,
retail, health care,
automotive and more.
Innovation is at the heart of Verizon’s strategy. Over the last ten years,
we transformed our company around new growth markets — wireless,
strategic services, video and broadband — that now make up three-
quarters of our revenues. Today Verizon is transforming itself again
around another innovation explosion being driven by the convergence
of mobility, broadband and cloud technologies.
As these new capabilities erase the boundaries of geography, technol-
ogy and time, customers want access to their digital information no
matter where they are or what screen they have at hand. And as every-
thing becomes digitally connected — homes, cars, buildings, streets
and cities — smarter networks, devices and solutions are addressing
some of society’s most pressing issues.
At the hub of this wheel of innovation are Verizon’s next-generation
network technologies: ber to the home, 4G LTE wireless, super-high-
speed global backbones and high-capacity digital data centers. Our
ber-optic FiOS service is the fastest in the marketplace today, and
its virtually unlimited capacities are ushering in the era of “big broad-
band” for homes and businesses. 4G LTE wireless turns smartphones
into full-blown mobile computing platforms and opens the door to
new mobile applications like streaming video, real-time health care
monitoring and transactional services. Super-fast backbone networks
and cloud services are helping spread innovation around the globe.
These networks are a platform for innovation across the whole tech-
nology sector. The challenge now is to put all these capabilities to
work to solve customers’ problems and improve society.
Creating an Innovation Industry Ecosystem
Innovation on this scale is a team sport, so Verizon is creating the envi-
ronment for the best players to come together and collaborate around
customer needs. Verizon’s Innovation Program, with centers in San
Francisco, CA, and Waltham, MA, supports more than 140 companies
building nontraditional products and services using the 4G LTE network
platform. These companies range from our largest suppliers to the small-
est entrepreneurs and start-ups, each bringing its unique expertise to the
challenge of creating devices and applications that will change the game
for customers and expand the market for technology industries.
The LTE Innovation Center in Waltham provides state-of-the-art labs, on-
site technical expertise from Verizon engineers and a replica of our 4G LTE
network, oering innovators a space where they can hash out ideas, rene
applications, and run tests on the network before bringing their products
and services to market. This process has already resulted in a variety of
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innOvatiOn