Ericsson and AgriBusiness Connect explore 5G business potential in Australian agriculture sector

• The MoU will focus on digitalization, advocacy and skills development in education and technology for the agri-food sector.
• Collaboration builds on previous activities of Ericsson and AgriBusiness Connect 5G

STOCKHOLM, December 20, 2023 /PRNewswire/ — 5G’s potential applications for businesses across the agricultural value chain – from sourcing to field operations to production and distribution – are the motivation behind a strengthened technology partnership between Ericsson (NASDAQ: ERIC) and the Australian non-profit organization. for-profit organization AgriBusiness Connect.

Under a new Memorandum of Understanding (MOU), the partners aim to create new industrial value using the high-throughput, low-latency, real-time data processing capabilities of Ericsson’s 5G solutions in public and private networks.

The partners seek to accelerate innovative productivity and efficiency solutions for agribusiness and related sectors to ensure Australia position at the forefront of Industry 4.0 adoption.

Founded in 2021 as AgriFood Connect, recently renamed AgriBusiness Connect (ABC) is an incubator that supports Australian agri-food businesses and the wider industry to help them meet the challenges of digitalization, Net Zero and the adoption of renewable energies.

In addition to direct agribusiness stakeholders, the Ericsson 5G partnership will target organizations supporting the sector in processing, packaging, warehousing and transportation.

The partners will target education and training for current agribusiness workers and work to raise awareness among policymakers about the difference 5G can make to the digitalization of agricultural value chains.

Grant StattonCEO of AgriBusiness Connect, says: “Our partnership with Ericsson is another important step in our journey to drive innovation in the agribusiness-related ecosystem and ensure that science and technology meets the needs real in the industry. Through our market position, industry knowledge and relationship ecosystem, we are uniquely positioned to orchestrate the end-to-end agribusiness value chain. This opens the door for Ericsson and AgriBusiness Connect to create tangible pathways to prove the difference 5G can make to businesses, decarbonization. , security and the creation of new high value-added skills within the agri-food sector.

Emilio Romeodirector of Ericsson, Australia And New Zealandsaid: “Australia can rightly be proud of its international reputation as a pioneer in the adoption of technological change. In the case of the deployment of 5G, Australia is one of the world leaders. The outcome of this partnership between Ericsson and AgriBusiness Connect could lead to pioneering use case ideas for 5G enterprise that could transform the agribusiness value chain worldwide. Partnerships like this, alongside the Government’s digitalisation plans, are vital to ensuring business, industry, society and citizens benefit from 5G as quickly as possible. »

Ericsson has an ongoing collaboration with AgriBusiness Connect and the AgTech & Logistics Hub in the AATLIS precinct – an industrial-scale precinct in Toowoomba, Queensland. An Ericsson A private 5G system has been deployed on site in partnership with Telstra in 2022.

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ABOUT ERICSON:

Ericsson enables communications service providers and businesses to realize the full value of connectivity. The Company’s portfolio covers the following business areas: networks, software and cloud services, enterprise wireless solutions, global communications platform, technologies and new businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have brought the benefits of mobility and mobile broadband to billions of people around the world. Ericsson shares are listed on Nasdaq Stockholm and Nasdaq New York. www.ericsson.com

ABOUT AGRIBUSINESS CONNECT

AgriBusiness Connect supports agribusinesses and their interconnected supply chains in facing complex challenges that are beyond the capacity of most organizations, such as Industry 4.0 – 5.0, Net Zero, renewable energy, traceability and education and training. As Australia In a leading agribusiness ecosystem, our team delivers programs that accelerate the development, adoption and adaptation of the technologies that create our industries of tomorrow. www.agribusinessconnect.com.au

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