Verizon to roll out new LTE IoT solution for Neptune Technology

Verizon (NYSE: VX) (NASDAW: VX) has reported it plans to provide a new Cat M1 IoT (Internet of Things) solution for water metering technology provider Neptune Technology Group, the company said.

The company said the solution is designed to equip Neptune with a scalable and secure connectivity platform to help water utility companies reduce costs and accelerate sustainability efforts. This is part of a range of initiatives Verizon is working on to deliver innovative IoT solutions tailored to meet the needs of other types of utilities.

The solution utilizes Qualcomm Technologies´ MDM9207-1 LTE modem engineered for IoT, providing security and features including edge processing and connectivity up to 10 Mbps speed with power and throughput optimization.

Verizon said it plans to leverage its grid wide utility (as-a-service) solution, which includes integrating smart meters with Verizon 4G LTE Category 1 and M1 Smart Meter Communications Device, Verizon´s 4G LTE network, security and a range of cloud-based applications to support smart metering, meter data management and distribution monitoring and control.

Neptune Technology Group Inc. develops automatic meter reading (AMR) and advanced metering infrastructure (AMI) technologies.

Verizon Communications Inc. generated nearly USD132 billion in 2015 revenues. Verizon provides communications and entertainment services over mobile broadband and an all-fiber network.