Semtech’s LoRa® Technology Enables Goldcard to Achieve Smart Utility Management
Utility providers deploying Goldcard’s LoRa-based solutions have seen an estimated up to 25% in savings
CAMARILLO, Calif., May 9, 2019 – Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Goldcard Smart Group Co., Ltd. (Goldcard), a Chinese provider of leading smart public utility solutions, has incorporated Semtech’s LoRa® devices and wireless radio frequency technology (LoRa Technology) into its smart gas metering products to help public utility companies improve efficiency and reduce management costs.
"Goldcard chose Semtech’s LoRa Technology due to its unique advantages for smart utilities, ability to simplify deployment and accelerate products to market,” said Ma Libo, Product Director of the Overseas Business Division of Goldcard. “Since implementing LoRa Technology into our smart gas metering solutions, utility providers have seen a marked reduction of waste with an estimated up to 25% in savings. As a global leader in smart gas meters with the largest market share in China’s gas metering market, Goldcard is committed to providing solutions for gas companies to achieve successful and efficient operational management.”
Goldcard's LoRa-based smart gas metering solutions are equipped with an intelligent controller and LoRaWAN®-based communication module. The metering solution utilizes LoRa Technology’s proven long-range platform to connect to the Cloud and monitor gas consumption data, battery charge status and valve status. Data from the meter is accessible from Goldcard’s Cloud-based connection management platform, which parses the data packet, completes the settlement and forwards the accurate information to the utility provider for more efficient billing of their customers. Goldcard’s LoRa-based solutions are available now for public utilities management in China and abroad.
“Semtech’s LoRa Technology is ideally suited for the smart meter industry, providing long range, easy-to-deploy and flexible capabilities,” said Marc Pegulu, Vice President of IoT in Semtech’s Wireless and Sensing Products Group. “LoRa Technology is a proven leader in the smart metering application industry, creating scalable, secure and reliable solutions to help companies like Goldcard better create more efficient metering solutions to reduce waste and utility spending."
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.
As a leading provider of intelligent public utility solutions, Goldcard Smart Group Co., Ltd. has utilized LoRa Technology for smart utility management since 2014. Goldcard has long-term strategic cooperation with major Chinese and overseas gas companies, such as China's Guizhou Gas, Honghua Gas and Kunlun Gas. In recent years, Goldcard has continuously worked to develop its overseas smart utility market, and promote the global growth of LoRaWAN smart metering solutions. For more information, visit http://www.china-goldcard.com/wapen.php
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 “committed to,” “ideally,” “to create,” “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, LoRa and LoRaWAN are registered trademarks or service marks of Semtech Corporation or its affiliates.