Companies news of 2017-12-11 (page 1)

 
Verizon Awards 5G Contract to Ericsson

- Companies to deploy commercial 5G network in select US markets in second half of 2018

- Ericsson to provide 5G Core network, 5G Radio Access Network (RAN), transport and associated services

- First pre-standard deployment paves the way for accelerated 5G commercialization of 3GPP-standards based solutions

WASHINGTON, Dec. 11, 2017 /PRNewswire/ -- Verizon has selected Ericsson (NASDAQ: ERIC) to provide networking equipment for their commercial 5G launch. Verizon will deploy the pre-standard 5G commercial radio network and the 5G Core network in select markets in second half of 2018.

The companies are demonstrating continued industry leadership by accelerating the path to 5G. Verizon and Ericsson plan to work together to move the mobile ecosystem towards rapid commercialization of 5G.

Ed Chan, SVP Technology Strategy and Planning for Corporate Networking and Technology, Verizon says: "5G will change the way we work, interact, learn and play. Through our work with Ericsson, we are creating a clear roadmap and building a robust ecosystem that will enable us to maximize the potential of 5G."

Fredrik Jejdling, Executive Vice President and Head of Business Area Networks, Ericsson, says: "Our pioneering work with 5G will make US consumers and businesses among the first in the world to benefit from the transformative services of the new technology. It further illustrates how our global 5G portfolio, designed to support 5G NR as standardized in 3GPP, enables first movers in the early commercialization of 5G networks."

During the past year, Ericsson and Verizon have conducted fixed-wireless 5G trials using mmWave spectrum in multiple cities and residential neighborhoods with different geographies and housing densities. This has been a critical step in Verizon's plan to deploy a first-of-its-kind fixed wireless broadband network.

These trials have also been instrumental in understanding 5G technologies and mmWave propagation used in the Verizon 5GTF and the coming 3GPP 5G NR standard. These new technologies are expected to be critical in meeting the increasing connectivity requirements for emerging, mobile and fixed wireless, consumer broadband experiences, such as streaming high-definition video, immersive virtual/augmented reality, and connected cloud computing.

NOTES TO EDITORS

www.ericsson.com/5g 

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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

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Carl Data Polish Subsidiary Receives EU Grant to Develop Artificial Intelligence

VANCOUVER, British Columbia, December 11, 2017 /PRNewswire/ --

Carl Data Solutions Inc.'s (CSE:CRL, FSE:7C5, OTC:CDTAF) Polish subsidiary is taking the next leap forward in developing artificial intelligence (AI) to monitor aging critical infrastructure. This ~300k USD research and development grant through the European Union will fund exploration into new ways that data collection and predictive modelling can improve water infrastructure safety and efficiency.

The research will focus on machine learning based AI that makes continuous predictions on how forecasted storm events will impact water infrastructure, allowing the time needed for workers to protect cities from flooding and other damage. An intelligent sensor that measures flow using a machine learning model will be developed that extracts more precise flow data than any other device currently available on the market. Another focus of the research will be sensor anomaly detection to improve the quality of data collected. AI will be trained to know if a sensor is giving incomplete or incorrect data, improving operational intelligence for the overall system.

Carl Data Solutions Poland will work closely with the Department of Decision Systems and Robotics at Gda?sk University of Technology, coordinating with a research team of PhDs and engineers who have been studying water infrastructure for decades. Piotr Stepinski, Carl Data CTO and an architect in designing the project, commented, "The outcome of this project has potential to allow Carl Data's Polish subsidiary to resell this innovative technology throughout the EU and North America. We are excited to have government and international support for developing these in-demand products and services."

About Carl Data Solutions Inc. 

Carl Data Solutions Inc. is an Industrial IoT (IIoT) company focused on providing next generation information collection, storage and analytics solutions for data-centric companies. Building on its recent acquisitions, Carl helps its clients analyze and understand all forms of environmental data through a powerful platform of data collection, monitoring, reporting, and predictive analysis tools.

Carl Data continues to develop applications to work with new cloud-based mass storage services and analytics tools (Big-Data-as-a-Service (BDaaS) to provide scalability for municipalities, utilities and other industrial verticals. These data collection and storage methods allow the company to build smart Software-as-a-Service (SaaS)-based applications that can collect data from many diverse sources and provide deep insight for decision-making purposes.  More information can be found at http://www.CarlSolutions.com.

On behalf of the Board of Directors: 

Greg Johnston
President, Chief Executive Officer, Director
Carl Data Solutions Inc.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Forward-Looking Statements 

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking statements in this press release include, but are not limited to, statements regarding the purpose of the research and development grant and the focuses of the research and the statement that the outcome of the project has potential to allow Carl Data's Polish subsidiary resell this innovative technology throughout the EU and North America.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: the research and development of AI by Carl Data's Polish subsidiary will not be successful in finding new ways that data collection and predictive modelling can improve water infrastructure safety and efficiency; the inability of Carl Data's Polish subsidiary to obtain the desired outcome from its research and development; the ability of the Company to establish a market for its services; competitive conditions in the industry; general economic conditions in Canada and globally; the inability to secure additional financing; competition for, among other things, capital and skilled personnel; potential delays or changes in plans with respect to deployment of services or capital expenditures; possibility that government policies or laws may change; technological change; risks related to the Company's competition; the Company's not adequately protecting its intellectual property; interruption or failure of information technology systems; and regulatory risks relating to the Company's business, financings and strategic acquisitions. Any forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Kimberly Bruce, Corporate Communications, Carl Data Solutions Inc., Telephone: +1(778)379-0275, Email: kimberly@carlsolutions.com

Report from the Extraordinary General Meeting of Clavister Holding AB held on December 11, 2017

STOCKHOLM, Dec. 11, 2017 /PRNewswire/ -- Clavister Holding AB held an Extraordinary General Meeting on Monday, December 11, 2017. The main resolutions passed at the meeting were as follows:

More detailed information about the contents of the resolutions may be obtained from the complete notice of the EGM and the complete proposals. The notice and the proposals are available on the Company's website, www.clavister.com.

Election of a new board of director, number of directors and directors' fees

Since the former chair of the board of directors Björn Norrbom and the board director Ilkka Hiidenheimo have resigned from their positions on the board, the EGM resolved to elect Bo Askvik as a new director.

Bo Askvik has a graduate in Business Administration and Economics from Stockholm School of Economics and is currently working as a CFO at Nynas AB. Bo has previously had senior positions on listed companies such as Nordstjernan AB, Östgöta Enskilda Bank, Neste Corporation, Borealis AG, Sapa AB (previously Gränges AB), Intrum Justitia, Sanitec, PA Resources and TeliaSonera AB. With his industrial experience from finance and economy and experience within the capital market Bo will in addition to regular board work be a support for Clavister's business

The EGM resolved that the board shall be composed of seven directors with no alternates.

The EGM furthermore resolved, in accordance with the nomination committee's proposal, that additional director's fees shall be paid to the directors, due to that the board since the AGM 2017 has set up a Remuneration Committee, an Audit Committee and a Compliance Committee. The resolution means that the total remuneration of the board (remuneration for committee work included) increases from SEK 1,470,000 to SEK 1,895,000.

Amendment of the articles of association

The EGM resolved, in accordance with the board's proposal to change the limits of share capital in the articles of association from the previous range of SEK 750,000-3,000,000 to a new range of SEK 1,250,000-5,000,000 and the limits of number of shares from the previous range 7,500,000-30,000,000 to a new range of 12,500,000-50,000,000 shares.

The object of the company's business in the article of association was changed so that development and sale of computer programs and arrangement of education within the computer industry was erased Internet and Intranet was removed as an example of network- and communication solutions.

Minor adjustments, mostly changes of the language used, were furthermore performed in 8 §, 9 §, 10 §, 10.3 §, 10.6 §, 10.7 a) §, 10.10 § and 11 §.

Resolution on authorisation to issue warrants

The EGM resolved, in accordance with the board's proposal, to authorize the board of directors to, at one or more occasions until the next Annual General Meeting, without regard to shareholders' pre-emption rights, issue warrants in three different series.

  • Series 1 ? no more than 3,062,608 warrants No. 1 2017/2020,
  • Series 2 ? no more than  1,250,000 warrants No. 2 2017/2020
  • Series 3 ? no more than  1,800,000 warrants 2017 Series 3

Warrants of Series 1 may be subscribed by Tagehus Holding AB and are issued free of charge. Each warrant of Series 1 entitles its holder to subscribe for one new share in the Company at a strike price of SEK 20 per share during a period from the date of the registration of the warrants at the Swedish Companies Registration office and up to and including September 29, 2020. The Company has agreed to issue the warrants of Series 1 to Tagehus as a part of an agreement with Tagehus under which Tagehus makes available a loan to the Company. The warrants of Series 1 give Tagehus the option to convert the loan into shares in the Company by setting off its claim under the loan as payment when exercising the warrants of Series 1.

Warrants of Series 2 may be subscribed by Tagehus and are issued free of charge. Each warrant of Series 2 entitles its holder to subscribe for one new share in the Company at a strike price corresponding to the shares quota value at the time of exercise, during a period from the date of the registration of the warrants with the Swedish Companies Registration office up to and including September 29, 2020. The Company has agreed to issue the warrants of Series 1 to Tagehus as a part of an agreement with Tagehus under which Tagehus makes available a loan to the Company. The warrants of Series 2 intend to compensate Tagehus for the dilution Tagehus may suffer if the Company makes a rights issue or private placement based on a subscription price lower than SEK 20 per share before September 30, 2020. Hence Tagehus may only exercise warrants of Series 2 to the extent necessary to compensate Tagehus for such dilution.

Warrants of Series 3 may be subscribed by European Investment Bank and are issued free of charge or at a subscription price of SEK 0.1. Each warrant of Series 3 entitles its holder to subscribe for one new share in the Company at a strike price corresponding to the shares quota value at the time of exercise. The intention with the warrants of Series 3 is to issue them to EIB in exchange for a lower interest rate on a loan from EIB to the Company.

Each warrant of Series 1-3 entitles subscription of one new share in the Company, which means that the number of shares in the Company may increase with no more than 6,112,608 and that the Company's share capital may increase with no more than SEK 611,260.8.

CONTACT:

For more information, please contact:

John Vestberg, President and CEO

john.vestberg@clavister.com

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ISG Provider Lens? Quadrant Report Recognizes Mindtree as 'Rising Star' Across Three Categories for its Cloud Services

BANGALORE and WARREN, New Jersey, December 11, 2017 /PRNewswire/ --

Mindtree, a leading digital transformation and technology services company, has been recognized as a Rising Star in the ISG Provider Lens? Cloud Services Quadrant Report, published by Information Services Group (ISG), a leading global technology research and advisory firm.

     (Logo: http://photos.prnewswire.com/prnh/20140416/681203 )

Mindtree is named a 'Rising Star' in three quadrants - Public Cloud Infrastructure Consulting and Implementation Services, Public Cloud Infrastructure Managed Services and Public Cloud SAP Services. ISG evaluated Mindtree and 44 other providers serving the U.S market on their capabilities in six service quadrants. In addition to the quadrants in which Mindtree in named a 'Rising Star', the other quadrants include Public Cloud Brokerage Services, Infrastructure-as-a-Service (IaaS), and Unified-Communications-as-a-Service (UCaaS).

Emphasizing Mindtree's strengths in Public Cloud Consulting & Implementation Services, the report states, "As a cloud native company, Mindtree has a clear vision for the increasing enterprise adoption of public cloud and cloud-native features. It has undertaken initiatives to train its employees around skills such as configuration management."

The report also underscores Mindtree's multi-step approach towards cloud migration, use of proprietary and third party tools, and considerable DevOps enablement experience in automating cloud infrastructure. It also highlights Mindtree's proven expertise in successfully setting up hybrid clouds across AWS, Azure, and VMware environments.

In Public Cloud Infrastructure Managed Services, ISG recognizes Mindtree's automation-centric approach to cloud operations, and its unified approach for managing applications and infrastructure. Additionally, Mindtree's strong focus on SAP innovation, including a cloud native approach to hosting SAP services, and the adoption of migration tools, creates a strong value proposition for customers looking to transition off hosted SAP solutions and outsource their environments to hyper-scale cloud providers, the report states.

"Mindtree continues to demonstrate strong competitive competency in cloud services, propelled by its automation-centred approach, deep domain expertise, and proven service and execution capabilities. As a cloud-native company with a strong focus on innovation, Mindtree is fast emerging as a leading player and a compelling partner for cloud services, in relation to other industry providers," said Jan Erik Aase, Director and Principal Analyst, ISG Research.

"Empowering and enabling enterprises in their cloud journey goes to the core of our cloud services approach," said Manas Chakraborty, Senior Vice President, Mindtree Limited. "Our investments in automating cloud operations, while leveraging proprietary tools & platforms have helped us to drive more traction in our core markets."

The ISG Provider Lens? Quadrant Report provides insightful intelligence on service provider capabilities and market positioning relative to market peers in US and Germany. It combines empirical, data-driven results and market analysis with real-world business insights and observations of ISG's global advisory team.

Access the full ISG report here. For more information on Mindtree's Cloud Services, please visit here

About Information Services Group 

ISG (Information Services Group) (NASDAQ: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries-a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit http://www.isg-one.com.

About Mindtree 

Mindtree (NSE: MINDTREE) delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. 'Born digital', Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visit http://www.mindtree.com to learn more.

For more information, contact:
India
Raman Suprajarama
Mindtree
+91-9860-77100
Raman.Suprajarama@mindtree.com

United States
Erik Arvidson
Matter
+1-978-518-4542
earvidson@matternow.com

Europe
Imogen Nation
Hotwire
+4420-7608-4675
imogen.nation@hotwirepr.com


Sapiens Announces that Ohio Bureau of Workers' Compensation Completes First Year Under StoneRiver's PowerSuite® Enterprise

HOLON, Israel and DENVER, December 11, 2017 /PRNewswire/ --

Sapiens International Corporation, (NASDAQ: SPNS and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that its fully owned subsidiary StoneRiver, Inc.'s client, the Ohio Bureau of Workers' Compensation (OBWC), has just completed its first year using StoneRiver's PowerSuite® Enterprise workers' compensation solution. OBWC provides insurance to approximately two-thirds of Ohio's work force, so the implementation dealt with processing complexity, high volume and multiple integrations.

     (Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg )

The StoneRiver enterprise solution deployed includes the PowerSuite Policy and PowerSuite Claims offerings to provide BWC with improved automation and efficiencies for its workers' compensation policy administration, billing and claims management.

Commenting on the project with StoneRiver, Shadya Yazback, BWC's chief of enterprise services, noted, "PowerSuite is our primary claims and policy management system, helping us handle millions of transactions annually."

During its first year operating under the PowerSuite® system, OBWC created 122,000 claims, and processed 2.8 million medical invoices, 6.4 million policy transactions and made 1.1 million indemnity payments totaling $935 million.

"The Ohio Bureau of Workers' Compensation was a significant implementation for us given the size, number of locations and users, and the multiple integrations involved. We couldn't be more pleased with the results and look forward to continuing to partner with the bureau," said Gary Anderson, head of P&C North America for Sapiens.

About the Ohio Bureau of Workers' Compensation 

Since its founding in 1912, the Ohio Bureau of Workers' Compensation (OBWC or BWC) has provided medical and compensation benefits for work-related injuries, diseases and deaths. BWC is headquartered in Columbus, Ohio, but operates claims offices in 12 locations around the state. BWC provides insurance to about two-thirds of Ohio's work force. The remaining workers receive coverage through a self-insurance program for large, financially stable employers who retain the financial risk for their companies' workers' compensation claims. BWC employs approximately 1,800 people.

About Sapiens and StoneRiver, Inc. 

StoneRiver, Inc., a fully owned subsidiary of Sapiens International Corporation (NASDAQ and TASE: SPNS), delivers a range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. These include front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines.  

Sapiens is a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector. We offer integrated core software solutions and business services, and a full digital suite for the property and casualty/general insurance; life, pension and annuities; and reinsurance markets. Sapiens also services the workers' compensation and financial and compliance markets. Our portfolio includes policy administration, billing and claims; underwriting, illustration and electronic application; reinsurance and decision management software. Sapiens' digital platform features customer and agent portals, and a business intelligence platform. With a 30-year track record of delivering to more than 400 organizations, Sapiens' team of over 2,500 operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com.

Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com

Capio Continues to Invest in Digital Healthcare

GÖTEBORG, Sweden, Dec. 11, 2017 /PRNewswire/ --

Capio is strengthening its involvement in the development of digital healthcare solutions by investing MSEK 49 in the new share issue of MSEK 100 that was announced by the e-health provider Doctrin today. By investing, Capio is participating in the development of new digital applications based on artificial intelligence, increasing efficiency in healthcare provision and improving patient experience. 

Capio and Doctrin are collaborating since late 2016. During fall this year, implementation of the new digital tools "Better Visits" and "Online Consultations" (Läkarbesök Online) started in Capio's primary care operations in Sweden. Both services are based on an extensive medical algorithm, which captures the patient's medical history in a structured way. The patient is provided healthcare where she or he is, when the need occurs. In addition, the tools support medical quality as the algorithm contributes to more precise diagnoses. For doctors and nurses, the tools support the daily work and contribute to make healthcare available to more patients as the time for e.g. a doctor consultation is shortened.

The roll-out to Capio's 200,000 listed patients in the Skåne region is completed, and work to make the services available to patients in Stockholm has now been initiated. From spring 2018, all of the 750,000 patients listed with one of Capio's 83 primary care centers will have access to "Better Visits" and "Online Consultations". In addition, "Online Consultations" will be available to all Swedish inhabitants. 

"The collaboration with Doctrin is one of our most important initiatives to improve healthcare provision to our patients through the unique combination of digital services and the physical healthcare provided by Capio", says Thomas Berglund, President and CEO. 

Capio has previously invested MSEK 13 in Doctrin and following the new share issue today, the Group's total investment is MSEK 62. The minority share is not expected to have any significant financial impact for the Group in 2017 or 2018.

Doctrin AB was founded in 2016 and has 29 employees. The company's registered office is in Stockholm, Sweden. The CEO is Magnus Liungman.

For information, please contact:

Thomas Berglund, President and CEO
Telephone: +46-733-88-86-00

Kristina Ekeblad, IR manager
Telephone: +46-708-31-19-40

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Crédit Agricole Payment Services and Wirecard Enter Into Exclusive Negotiations to Conclude a Partnership to Offer Innovative and High-performance Electronic Payment Services

ASCHHEIM, Germany and PARIS, December 11, 2017 /PRNewswire/ --

Crédit Agricole Payment Services and Wirecard enter into exclusive negotiations to conclude a partnership to offer innovative and high-performance electronic payment services to merchant clients of Crédit Agricole Group banks, in France and Europe. 

Crédit Agricole Payment Services and Wirecard announced today that they have signed a letter of intent to enter into exclusive negotiations to conclude a partnership to offer an innovative and differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring.

The goal will be to launch a range of cross-channel acceptance and pan-European acquiring offerings for French merchants and marketplaces in France and abroad.

By capitalizing on the respective strengths of Crédit Agricole Payment Services and Wirecard, this partnership will enable both companies to grow in a rapidly changing market.

About Wirecard:  

Wirecard AG is a global technology group that supports companies in accepting payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE0007472060, WDI). Further information is available on the Internet at http://www.wirecard.de or follow us on Twitter @wirecard.

About Credit Agricole Payment Services:  

Credit Agricole Payment Services is France's leading provider of payment solutions with nearly 30% market share and more than 10 billion transactions processed in 2016. As a subsidiary of the Credit Agricole SA group, it offers its customers a complete payment expertise, combining ease of use and security.

Credit Agricole Payment Services contact:

Hervé Gachen
+331-57-72-03-77
herve.gachen@ca-ps.com

Marion Poinso
+331-57-72-45-89
marion.poinso@ca-ps.com

Wirecard media contact:

Iris Stöckl
VP Corp. Comm./IR
Tel.: +49(0)89-4424-1424
E-mail: iris.stoeckl@wirecard.com
http://www.wirecard.com
ISIN: DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY


Ericsson: 2018 Hot Consumer Trends: Technology Turns Human

WASHINGTON, Dec. 11, 2017 /PRNewswire/ --

  • Consumers expect technology interactions to be controlled by intonation, facial expression and body language
  • Earphones will become a 24/7 accessory, even when sleeping
  • 51 percent of Augmented Reality/Virtual Reality users believe artificial intelligence (AI) will render ads indistinguishable from the actual products

Exploring the future from an early adopter user Perspective, Ericsson (NASDAQ: ERIC) ConsumerLab presents the seventh edition of its annual trend report, The 10 Hot Consumer Trends for 2018 and beyond.

The report points to a paradigm shift as consumers expect digital technology to increasingly operate on human terms. Body language, facial expression and intonation will augment voice and touch to control consumer interaction with tech devices, easing adaption in an ever-increasing pace of technological change.

These are the 10 trends for 2018 and beyond:

  1. Your Body is the User Interface: More than half of current users of intelligent voice assistants believe that we will use body language, expression, intonation and touch to interact with tech devices as if they were fellow humans. Some 2 in 3 think this will happen within a mere 3 years.
  2. Augmented Hearing: 63 percent of consumers would like earphones that translate languages in real time. 52 percent want to block out a family member's snoring.
  3. Eternal Newbies: 30 percent say new technology makes it hard to keep their skills up to date. But it also makes us instant experts. 46 percent say the internet allows them to learn and forget skills faster than ever.
  4. Social Broadcasting: Social media is being overrun by traditional broadcasters. But half of consumers say AI would be useful to check facts posted on social networks.
  5. Intelligent Ads: Advertisements may become too smart for their own good. More than half of augmented reality (AR)/virtual reality (VR) users think ads will become so realistic they will eventually replace the products themselves.
  6. Uncanny Communication: 50 percent think not being able to tell the difference between human and machine would spook them out. 40 percent would also be spooked by a smartphone that reacts to their mood.
  7. Leisure Society: 32 percent of students and working people do not think they need a job to develop a meaningful life. 40 percent say they would like a robot that works and earns income for them, freeing up leisure time.
  8. Your Photo is a Room: Imagine being able to walk into a photo and relive a memory. 3 out of 4 believe that in only 5 years they will use virtual reality to walk around in smartphone photos.
  9. Streets in the Air: City streets may be choked with traffic but the skies remain free. 39 percent think their city needs a road network for drones and flying vehicles. But almost as many worry that a drone would drop on their head.
  10. The Charged Future: The connected world will require mobile power. More than 80 percent believe that in only 5 years we will have long-lasting batteries that will put an end to charging concerns.

Michael Björn, Head of Research, Ericsson ConsumerLab, says: "We are entering a future where devices neither have buttons and switches nor need to be controlled digitally via your smartphone. In fact, this may be a necessary change, as it would be difficult for people to learn a new user interface for every device that gets connected to the Internet of Things.

"Today, you have to know all the intricacies of the devices you use. But in the future, the devices will know you instead. For this to become a reality, devices must be able to relay complex human interaction data to cloud-based processing, and respond intuitively within milliseconds, increasing requirements on next generation connectivity."

The insights in the 10 Hot Consumer Trends for 2018 report are based on Ericsson ConsumerLab's global research activities over more than 22 years, and draw on data from an online survey of advanced internet users in 10 influential cities across the world, performed in October 2017. Although the study only represents 30 million citizens, their early adopter profile makes them important to understand when exploring future trends.

NOTES TO EDITORS

Listen to a podcast with the report's authors

For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press

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(+46-10-719-00-00)

Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

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2018 hot consumer trends: technology turns human

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10 hot consumer trends infograph


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