Semtech’s LoRa Technology Drives Proven, Flexible Internet of Things (IoT) Solutions
LOS ANGELES--(BUSINESS WIRE)--Sep 13, 2018--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that LoRa Technology, in the form of LoRa® devices and wireless radio frequency technology, will support 80 million LoRa-enabled end nodes by early 2019, making it the ideal platform for Internet of Things (IoT) solutions with thousands of real-world deployments. With its simple, easy to deploy and flexible capabilities, LoRa Technology drives tomorrow’s distributed network solutions, today.
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Semtech’s LoRa Technology Drives Proven, Flexible Internet of Things (IoT) Solutions (Graphic: Business Wire)
Semtech also anticipates over 200,000 gateways will be deployed globally, which will provide the capacity to support significant network expansion of over one billion end nodes. Additionally, the number of long-range, low-power wide area networks based on the LoRaWAN™ open protocol is expected to exceed 70 countries.
“In the past year, we’ve seen more unique use cases appear as companies leverage Semtech’s LoRa Technology, a proven open source platform,” said Marc Pegulu, General Manager and Vice President of Semtech’s Wireless Sensing Products Group. “LoRa Technology is the device, network and applications (DNA) of IoT targeted to businesses and consumers that need simple, versatile, scalable and easy-to-implement solutions. Large global companies, like Costco, rely on LoRa to drive business growth and reduce operations cost.”
LoRa Technology has thousands of real-world use cases ranging from sustainable water leakage management to efficient soil irrigation to remotely monitoring flood levels during natural disasters. By leveraging Apana’s water leak detection solution, Costco reduced water usage by 20% and saved 22% in their water bill. In a commercial potato farm, farmers utilized Sensoterra’s LoRa-based soil irrigation sensor to reduce water usage by 30%. Green Stream, a start-up focused on flood monitoring, deployed its solution across Virginia state to track flood levels in cities and towns in real-time. LoRa Technology enables fast-to-market IoT solutions, enabling innovation with support from a wide growing ecosystem of companies and developers.
Semtech is exhibiting at Mobile World Congress Americas (MWCA) in the LoRa Alliance™ booth, South Hall, 2524. Read more about Semtech’s real-world use cases here.
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 over 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,” “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 of Semtech Corporation or its affiliates.
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CONTACT: Semtech Corporation
Ronda Grech, 805-250-1263
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE TELECOMMUNICATIONS SEMICONDUCTOR MOBILE/WIRELESS
SOURCE: Semtech Corporation
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PUB: 09/13/2018 08:00 AM/DISC: 09/13/2018 08:01 AM