November 18, 2015, 09:00 (CET)

• Ericsson to deliver end-to-end connected vessel and voyage optimization solutions to U-Ming Marine Transport Corporation
• Ericsson to manage day-to-day operations and maintenance of the solution, along with initial installation and integration
• Agreement represents Ericsson's first bulk carrier deal globally

Ericsson (NASDAQ: ERIC) has been selected by U-Ming Marine Transport Corporation (U-Ming), a marine transportation company headquartered in Taipei, Taiwan, to deliver end-to-end connected vessel and voyage optimization solutions.

Ericsson's Maritime ICT Cloud will enable U-Ming to collect near-real-time data on vessel location and movement, and to monitor vessel speeds against manually set planned speeds, allowing the company to optimize fuel consumption. By facilitating real-time information flows, the solution will improve visibility from ship to shore and support process automation, which will reduce U-Ming's costs and deliver efficiencies both internally and for clients and partners.

In addition, Ericsson will deliver its Connected Vessel offering, which will support high-quality ship-to-shore VoIP and email communications for personnel on board vessels.

Under the terms of the agreement, Ericsson will manage day-to-day operations and maintenance of the solution, along with initial installation and integration.

Jeff Hsu, Senior Vice President, U-Ming Marine Transport Corporation, says:

"The implementation of Ericsson's fleet management system will help U-Ming Marine Transport elevate our communications systems, enhance our crew's wellbeing & safety, and improve fuel efficiency. Our partnership with Ericsson will ensure U-Ming maintains its drive to be the most operationally efficient and eco-friendly shipping company we can be. I am looking forward to the partnership and to applying Ericsson's ICT capabilities to our business."

Chris Houghton, Head of Region North East Asia, Ericsson, says:

"U-Ming choosing Ericsson's Maritime ICT Cloud is another proof that the Networked Society is taking off. The combination of mobility, broadband and cloud can help every industry realize its full potential. This end-to-end solution combines Ericsson's global capabilities with our maritime domain expertise, and we look forward to working together with U-Ming."

Ericsson already supports Maersk Line, the world's largest shipping company, with end-to-end systems integration, deployment and management of mobile and satellite communication for its fleet of 400 vessels. This agreement with U-Ming represents Ericsson's first bulk carrier deal globally.

About U-Ming Marine Transport Corporation

U-Ming Marine Transport Corporation (U-Ming) is the biggest bulk carrier in Taiwan and operates 42 vessels. Formerly named Yue Ming Transportation Company, U-Ming was established in 1984 to provide marine transportation of cement, dry commodities and industrial raw materials. U-Ming is part of the Far Eastern Group and is publicly listed on the Taiwan Stock Exchange.