Semtech Announces Sponsorship of Digital Catapult’s Future Networks Innovation Lab
LONDON--(BUSINESS WIRE)--Jan 31, 2019--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, announced sponsorship of Digital Catapult’s Future Networks Innovation Lab, which opened in London, Jan. 30. The Future Networks Innovation Lab is a center of excellence for driving potential value from networks, such as Low-Power Wide-Area Networks (LPWANs). The grand opening included a demonstration by Semtech of its LoRa® devices and wireless radio frequency technology (LoRa Technology) in a smart building solution.
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Semtech Announces Sponsorship of Digital Catapult’s Future Networks Innovation Lab (Graphic: Business Wire)
“Showcasing the world’s leading Internet of Things (IoT) solutions to developers and early corporate adopters allows the Future Networks Innovation Lab to give innovative companies hands-on access to LoRa Technology and IoT expertise,” said Vivek Mohan, Director of IoT in Semtech’s Wireless and Sensing Products Group. “This cooperative, a vendor-neutral space, will foster innovation, reduce the time to market for LoRa-based solutions and growing the LoRaWAN™-based ecosystem in the UK.”
The demonstration at Future Networks Innovation Lab provides an example of how LoRa Technology can be used to collect data from sensors up to 30 miles from a gateway. With a multi-year battery life, sensors can monitor desk occupancy, light levels, noise, air quality, and energy usage. Real-time analysis of the data is presented on a graphical dashboard to show the facility manager conditions throughout one or more buildings, and provide the return on investment (ROI) for each. First launched by Semtech for private and public networks in 2013, LoRa Technology is utilized to solve some of the biggest connectivity challenges in multiple industries including smart building, smart cities, smart supply chain and logistics, smart utility metering, and smart agriculture. Over 200,000 LoRa-based gateways are expected to be deployed by early 2019 and the networks are expected to connect over 80 million end nodes.
Semtech joins British Telecom, IBM and Siemens in sponsorship of the Future Networks Innovation Lab.
About Semtech’s LoRa® Devices and Wireless RF Technology
Semtech’s LoRa devices and wireless radio frequency technology is a widely adopted long-range, low-power solution for IoT that gives telecom companies, IoT application makers and system integrators the feature set necessary to deploy low-cost, interoperable IoT networks, gateways, sensors, module products, and IoT services worldwide. IoT networks based on the LoRaWAN™ specification have been deployed in 100 countries and Semtech is a founding member of the LoRa Alliance™, the fastest growing IoT Alliance for Low Power Wide Area Network applications. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site and join the LoRa Community ™ to access free training as well as an online industry catalog showcasing the products you need for building your ideal IoT application.
Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for high-end consumer, enterprise computing, communications, and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.
Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of historical fact, including statements that use the words “will,” “can be,” “expected to,” “designed to,” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission ( www.sec.gov ) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
Semtech, the Semtech logo and LoRa are registered trademarks or service marks, and LoRaWAN is a trademark or service mark, of Semtech Corporation or its affiliates.
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CONTACT: Ronda Grech
KEYWORD: UNITED KINGDOM EUROPE
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE TELECOMMUNICATIONS SEMICONDUCTOR MOBILE/WIRELESS COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS
SOURCE: Semtech Corporation
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PUB: 01/31/2019 08:00 AM/DISC: 01/31/2019 08:01 AM