"Verizon Wireless has a demonstrated commitment to innovation, and we're excited to combine our open product development platform with the nation's best wireless broadband network, " said Peter Semmelhack, founder and chief executive officer of Bug Labs.

ENGADGET: Bug Labs to offer pre-certified modules for Verizon's network

That is UN-speak for a commitment developed nations like the United States undertook in 2002 to commit 0.7% of their gross domestic product to Official Development Assistance (ODA, also known as foreign aid).

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