Ericsson recognized for advancement and innovation in global LTE industry Ericsson Connected Vehicle Cloud delivers significant opportunity to reach drivers and passengers in new ways for automotive ecosystem stakeholders Solution represents most complete connected car platform in global automotive industry

Ericsson (NASDAQ:ERIC) today announced that Ericsson Connected Vehicle Cloud was recognized for a 2015 LTE Award at the LTE World Summit in Amsterdam. Winning in the category of Most Innovative LTE Application, Connected Vehicle Cloud was highlighted for achieving innovation in the global LTE industry.

Mobile broadband changed how consumers interact with the world around them. Powered by the cloud, the connected car promises to extend this interactive dynamic to drivers and passengers on the road. Ericsson Connected Vehicle Cloud delivers significant opportunity for stakeholders in the automotive ecosystem to reach drivers and passengers in new ways.

Konstantin Zervas, Director Business Development, IoT Solutions, Ericsson says: “The rapidly evolving Networked Society encompasses billions of connected people and devices in an increasingly mobile world, with cloud-based access to everything. The connected vehicle is the newest frontier for the networked society that is emerging from this confluence of mobility, broadband and the cloud.”

Ericsson Connected Vehicle Cloud builds on today’s telecom network capabilities and delivers dramatically improved quality of experience, creating new business opportunities for the automotive ecosystem and new M2M revenue streams for operators. It is the most complete Connected Car platform in the global automotive industry. Connected Vehicle Cloud connects vehicles and their occupants with automotive manufacturers, dealers, traffic authorities, network operators, repair shops, support centers, app developers, content providers, media agencies and more.

For more information on Ericsson’s Connected Vehicle Cloud solution, please visit: Connected Vehicle Cloud

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Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world’s mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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