CAMARILLO, Calif., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq:SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that CareBand, a manufacture of tracking technology that empowers people with dementia and their caregivers, has integrated Semtech’s LoRa® devices and wireless radio frequency technology (LoRa Technology) in its solution to locate elderly with dementia in real-time.
CareBand strives to eliminate loss of life and reduce injuries due to dementia-related wandering, while enhancing quality of life through proactive diagnostic technology. The device provides real-time monitoring, long-lasting battery, advanced analytics and insights into resident behavior, and intentional design that blends into the environment. The CareBand device is currently implementing trials in Chicago and expected to be broadly available by mid-2018.
“With my father’s work in geriatric medicine and the power of smart technology, I started CareBand with the vision of keeping seniors safe and providing peace of mind for families and caregivers,” said Adam Sobol, CEO and founder of CareBand. “Semtech’s LoRa Technology allows CareBand to keep residents safe and secure in the least restrictive manner possible so seniors are able stay independent and walk around–even outside.”
“CareBand provides elderly care facilities with a reliable, flexible tracking solution to keep residents safe while allowing caregivers and families a peace of mind,” said Vivek Mohan, Director, Wireless and Sensing Products Group at Semtech. “By leveraging LoRa Technology, CareBand is able to evolve the world of senior care and provide a platform that is well supported by expert engineers and medical directors with years of clinical knowledge.”
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 45 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.
About CareBand
CareBand, headquartered in Chicago, started its company with the vision of keeping seniors safe and providing peace of mind for families and caregivers. CareBand is well supported by expert engineers, medical directors with years of clinical knowledge, and a team of experienced entrepreneurs. CareBand’s product is designed to empower elderly with dementia and caregivers. For more information, visit www.carebandremebers.com.
About Semtech
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,” “expected 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.
SMTC-P
Ronda Grech
Semtech Corporation
(805) 250-1263
rgrech@semtech.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/53751067-32b7-451f-93c9-2ac22bd2f903