Semtech Joins Smart Cities Council to Collaborate on Smart City IoT Solutions
With the growing demand of U.S. smart cities and investments of $165 million, Semtech’s LoRa Technology is an important component to wireless infrastructure
CAMARILLO, Calif., May 9, 2017 – Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, announced it has joined the Smart Cities Council and is participating in Smart Cities Week Silicon Valley from May 8-10. The event is attended by many global technology leaders including from cable operators to digital consulting.
Smart cities initiatives are increasing as government agencies and municipalities deploy wide area networks to gather data and use advanced applications and Cloud-based or enterprise-based systems to process and analyze the data. In 2016, the U.S. Department of Transportation invested $165 million in smart city solutions to help ease traffic congestion and improve pedestrian safety.
The Smart Cities Council’s main goal is to educate and advise cities about best practices and resources to achieve workability, livability and sustainability.
Semtech’s LoRa® devices and wireless RF technology (LoRa Technology) and low power, wide area networks (LPWAN) based on the LoRaWAN™ protocol provides a smart sensing and control infrastructure. LoRa Technology delivers solutions that are optimized for smart city applications that rely on battery-powered sensors including smart lighting and smart parking. LoRaWAN-based networks deliver secure, bi-directional communication with long data transmission range to cover an urban area using minimal network infrastructure.
“We are so pleased to welcome Semtech to the Council," said Chairman Jesse Berst at Smart Cities Council. “The company's innovative LoRa Technology is an integral component of our increasingly digital world – from smart grids to wireless infrastructure to the Internet of Things. It's exciting to have Semtech's vast expertise available to help guide cities as they integrate these smart technologies."
“Smart city technology is changing the way cities, governments and citizens interact,” said Mike Wong, Vice President of Marketing for Semtech’s Wireless and Sensing Products Group. “LoRa Technology is an important platform since it is an enabler of smart city solutions while improving quality of life and reducing operating expenses.”
About Semtech LoRa® Devices and Wireless RF Technology
Semtech’s LoRa Technology is a widely adopted low-power, long-range 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 50 countries. To learn more about how LoRa enables IoT, visit Semtech's LoRa/IoT site and then join the LoRa Community to access free training as well as an online industry catalog showcasing next-generation products.
About the Smart Cities Council
Launched in 2012, the Smart Cities Council is the author of the internationally recognized Smart Cities Readiness Guide, which provides guiding principles and best practices for an integrated, cross-cutting smart city. The Readiness Guide – which was developed based on input from hundreds of cities and solution vendors and has been applied all over the world – is the framework used to produce Readiness Workshops and Smart Cities Week conferences. The Council is comprised of more than 120 partners and advisors who have generated $2.7 trillion in annual revenue and contributed to more than 10,000 smart cities projects. To learn more, visit www.smartcitiescouncil.com.
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors 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 “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.