Semtech Releases a New Portfolio of Solutions, LoRa Edge™, to Simplify and Accelerate IoT Applications

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CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, has today announced LoRa Edge™, a new highly versatile and low power software defined LoRa®-based platform that will enable a wide portfolio of applications for indoor and outdoor asset management, targeting industrial, building, home, agriculture, transportation, and logistics markets. The first product from this portfolio is a geolocation solution that revolutionizes the development of Internet of Things (IoT) devices for asset management applications, featuring low power Wi-Fi and GNSS sniffing capabilities combined with simple to use and cost effective LoRa Cloud™ geolocation and device management services to significantly reduce the cost and complexity of locating and monitoring IoT assets. “LoRa Edge and LoRa Cloud geolocation services enable customers to develop ultra-low power applications for a variety of industries and will expand the mass adoption of LoRa in the IoT ecosystem.” Over the next decade, 500 billion devices are expected to connect to the internet (Cisco), as organizations continue to shift towards a more IoT-focused business strategy, and the majority of those IoT devices require some form of localization capability either at point of install or through the assets life. With the addition of LoRa Cloud geolocation services, providing easy-to-use and cost effective TDOA, GNSS and Wi-Fi-based location calculation in the Cloud to dramatically reduce device power requirements and improve asset management efficiency, LoRa Edge enables customers to further manage total cost of ownership (TCO), paying only when they need an asset to be located. 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.

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