Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DEERE & COMPANY

(DE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Deere mpany : Ericsson and John Deere partner to boost 5G innovation in agribusiness

07/19/2021 | 04:45am EDT

Focus on Internet of Things (IoT) related technologies to address agriculture sector issues.

Proof of concept will be developed and implemented at the John Deere Precision and Innovation Agriculture Center (CAPI) in Campinas city, Sao Paulo

Partnership includes the realization of an Industry 4.0 project at a John Deere factory, utilizing 5G technology

Ericsson (NASDAQ: ERIC) Brazil and John Deere have established a partnership agreement to research and develop technological innovation using 5G technology to boost new agribusiness revenue.

The agreement enables the companies to work together to develop solutions focused on 5G and the Internet of Things (IoT) to identify and solve issues in the sector through connectivity.

Ericsson and John Deere R&D and innovation centers will apply IoT Mobile ecosystem technologies such as Narrowband IoT (NB-loT) and Cat-M1 to drive agribusiness solutions based on 3GPP standards.

The proofs of concept will initially be jointly developed at John Deere'sCentral Office for Latin America, in Indaiatuba (Sao Paulo), and John Deere's Center of Agriculture and Precision and Innovation (CAPI) in Campinas, where 5G equipment will be installed. The agreement includes equipping John Deere's factories with fifth-generation equipment to contribute to the journey of digital transformation and immersion in 5.0 agriculture.

5G will bring greater efficiency in the use of spectrum and lower energy consumption in comparison with 3G and 4G LTE. According to the Ericsson 5G Business Potential study, the agriculture sector has the potential to make U$ 9,6 billion by 2030, with U$ 1,9 billion in additional earnings boosted by 5G.

Murilo Barbosa, Business Vice-President for Southern Latin America, Ericsson, says: 'It's essential to understand agribusiness as a complex and plural value chain, from farm to table, to ports and cars, which employs millions of Brazilians, contributing with almost 25 percent of Brazil's GDP. The entire agribusiness ecosystem, from 5G onward, can make the country even more productive than it already is. 5G technology will play a key role in this new cycle of innovation and we are delighted to be able to move forward in this direction in partnership with John Deere.'

Rodrigo Bonato, director of the Intelligent Solutions Group (ISG) at John Deere Latin America, says:

'We are democratizing the use of connectivity in rural areas and providing cost-free solutions for the farmer, who from now on will produce in an increasingly efficient and environmentally sustainable manner. Connectivity unlocks all the potential and innovation available in the field, also benefiting other sectors of society, from Telemedicine to E-learning, for example. Not to mention that technology still attracts more and younger people back to the countryside, promoting job creation and entrepreneurship.'

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

FOLLOW US:

Subscribe to Ericsson press releases here

Subscribe to Ericsson blog posts here

https://www.twitter.com/ericsson

https://www.facebook.com/ericsson

https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:

Ericsson Newsroom

Media Relations in LATAM South | +551122242018

ABOUT ERICSSON: Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.

www.ericsson.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DEERE & COMPANY -0.33% 342.93 Delayed Quote.27.88%
ERICSSON 0.61% 102.66 Delayed Quote.4.51%
All news about DEERE & COMPANY
10/20U.S. Agriculture Secretary Vilsack offers support to striking Deere workers
RE
10/20DEERE MPANY : Judge limits strikers' conduct at Deere plant in Iowa
AQ
10/20DEERE MPANY : John Deere Celebrates 25 Years of ZTrak™ Mowers
PU
10/18DEERE MPANY : Contract talks resume between Deere and its striking workers
AQ
10/18Industrials Flat As Global Trade Data Offsets Factory Tally -- Industrials Roundup
DJ
10/18Tight U.S. job market triggers strikes for more pay
RE
10/18DEERE MPANY : Oppenheimer Adjusts Deere & Company PT to $395 From $419, Maintains Outperfo..
MT
10/18'ENOUGH'S ENOUGH' : tight U.S. job market triggers strikes for more pay
RE
10/18DEERE MPANY : Tharlyn Fox fights alongside Black families in their heirs' property battle
PU
10/17DEERE MPANY : Farmers and John Deere suppliers worry about strike's impact
AQ
More news
Analyst Recommendations on DEERE & COMPANY
More recommendations
Financials (USD)
Sales 2021 40 078 M - -
Net income 2021 5 939 M - -
Net Debt 2021 34 773 M - -
P/E ratio 2021 18,1x
Yield 2021 0,97%
Capitalization 106 B 106 B -
EV / Sales 2021 3,52x
EV / Sales 2022 3,01x
Nbr of Employees 69 634
Free-Float 57,7%
Chart DEERE & COMPANY
Duration : Period :
Deere & Company Technical Analysis Chart | DE | US2441991054 | MarketScreener
Technical analysis trends DEERE & COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 342,93 $
Average target price 400,43 $
Spread / Average Target 16,8%
EPS Revisions
Managers and Directors
John C. May Chairman, President, CEO & COO
Ryan D. Campbell Chief Financial Officer & Senior Vice President
Rajesh Kalathur Chief Information Officer
Jahmy J. Hindman Chief Technology Officer
Marc A. Howze Chief Administrative Officer & Senior VP
Sector and Competitors
1st jan.Capi. (M$)
DEERE & COMPANY27.88%106 677
THE TORO COMPANY5.61%10 485
BUCHER INDUSTRIES AG12.33%5 064
ESCORTS LIMITED14.12%1 888
LINDSAY CORPORATION24.01%1 738
HYDROFARM HOLDINGS GROUP, INC.-31.61%1 580