CAMARILLO, Calif., Sept. 07, 2017 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq:SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, is driving the adoption of its LoRa® devices and wireless RF technology (LoRa Technology) to enable flexible, secure and low-cost Internet of Things (IoT) solutions and network infrastructure for smart cities to improve everyday lives of citizens through the enhancement of public services and spurring economic growth.
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At Mobile World Congress (MWC) Americas, Semtech, a founding member and participating company on the board of directors for the LoRa Alliance™, is displaying smart cities applications that implement its LoRa Technology, including smart parking sensors and a smart safety lock in the LoRa Alliance Pavilion, booth number N260.
According to the Smart Cities Council, the global market for smart cities is projected to reach $1.2 trillion by 2020, driven by the growing world population and the need for sustainable methods to accommodate over seven billion people on the planet. With an increased demand for smart cities technology solutions, thousands of LoRa-based sensors are expected to be embedded throughout a city to collect business intelligence to enrich citizens’ lives. By leveraging Semtech’s LoRa-based devices, smart cities are able to improve city-wide efficiencies in an endless number of IoT applications from expanding the payer base of a citywide parking system to detect garbage levels in containers to optimize the waste collection routes for efficiency and cost effectiveness.
“At MWC Americas, Semtech is demonstrating low-power LoRa-enabled sensors that can easily connect to a LoRaWAN™ network and wirelessly transmit data to a mobile app to improve the way we interact in society,” said Vivek Mohan, Director of Wireless Products for Semtech’s Wireless and Sensing Products Group. “With over 65 countries already deploying networks based on the LoRaWAN open specification, Semtech’s LoRa Technology is the platform of choice for building IoT networks worldwide making our world a Smarter Planet with real-world use case applications.”
The LoRa Alliance IoT Pavilion is located at the Moscone Convention Center North Hall, N260. To schedule a meeting with Semtech, visit our website. To learn more about how to leverage LoRa Technology to create an IoT network in smart cities, download Semtech’s smart cities white paper and application briefs.
About Semtech LoRa® Devices and Wireless RF Technology
Semtech’s LoRa wireless RF 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™ open specification have been deployed in over 65 countries. 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 the LoRa Alliance™
The LoRa Alliance™ is an open, non-profit association that has grown to more than 500 members since its inception in March 2015, becoming one of the largest and fastest growing alliances in the technology sector. Its members are closely collaborating and sharing their experience to promote the LoRaWAN™ protocol as the leading open global standard for secure, carrier-grade IoT LPWA connectivity.
With the technical flexibility to address multiple IoT applications, both static and mobile, and a certification program to guarantee interoperability, the LoRaWAN is already being deployed globally by major mobile network operators and is anticipated to widely expand in 2017.
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 “projected to,” “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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