Ericsson and AgriBusiness Connect pursue 5G Enterprise Potential in Australia's Agriculture Sector

Potential 5G enterprise applications across the agriculture value chain - from supply to in-the-field operations to production and distribution - is the motivation behind a strengthened technology partnership between Ericsson (NASDAQ: ERIC) and Australian not-for-profit organization AgriBusiness Connect.

Under a new Memorandum of Understanding (MOU), the partners aim to create new industry value by utilizing the high speed, low latency and large real-time data handing 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 secure Australia's position at the forefront of Industry 4.0 adoption.

Founded in 2021 as AgriFood Connect, the recently renamed AgriBusiness Connect (ABC) is an incubator supporting Australian agribusinesses and the broader industry to help meet digitalization, Net Zero and renewable energy adoption challenges.

In addition to direct agribusiness players, the Ericsson 5G partnership will address organizations supporting the sector with processing, packaging, warehousing and transport.

The partners will target education and training for existing agribusiness workers and work to increase policy makers' awareness of the difference 5G can make to the digitalization of agriculture value chains.