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Stock impact report

UTStarcom and China Mobile Group Jointly Launch the goBox™ 5G-powered Smart Commercial Refrigerator

UTStarcom Holdings Corp - Ordinary Shares (UTSI) 
Last utstarcom holdings corp - ordinary shares earnings: 11/8 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: utstar.com
Company Research Source: GlobeNewswire
HONG KONG, May 10, 2019 (GLOBE NEWSWIRE) -- UTStarcom ( “UT” or “the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced that the company launched the goBox, its first 5G-powered smart commercial refrigerator.  The launch was done together with China Mobile Group Zhejiang Company Limited. (Hangzhou). The goBox smart vending machine creates a new way of shopping by not only enhancing the buying experience, but also driving greater consumption per transaction.  Consumers can confirm their identity through facial recognition without carrying a mobile phone, and then open the door to pick their favorite products and close the door to complete payment.  This seemingly simple shopping process is enabled by a powerful system platform supported by 5G, mobile cloud and artificial intelligence. Mobile payment is now ubiquitous due to fast 4G networks, but the power of 5G is poised to eliminate the need for the phone, replacing it with facial recogni Show less Read more
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