Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that AIUT Sp. Z o.o. (AIUT), a hardware and software provider specializing in Internet of Things (IoT)-based solutions in the oil and gas markets, has integrated Semtech's LoRa® devices and the LoRaWAN® protocol into its new line of intelligent sensors for measuring the volume of liquefied petroleum gas (LPG) in tanks. The sensors enable the remote and automatic monitoring of gas consumption, improving the process of supply and reserve management for distributors to reduce operating costs.
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LoRa and AIUT (Photo: Business Wire)
"The oil and gas industry is increasingly demanding smarter, scalable and connected infrastructure to monitor LPG tanks in real time," said Krzysztof Paramuszczak, Director of the LPG Division at AIUT. "Semtech's LoRa devices and the LoRaWAN protocol enable AIUT's products to offer the attractive benefits of reliable, continuous and remote LPG monitoring, as well as deployment flexibility. These advantages allow customers to improve workflows, reduce operating cost and prepare for future challenges."
Fuel stations and other gas suppliers require a consistent inventory of LPG to satisfy customer demand. As a result, these customers desire efficient, accurate and reliable remote monitoring solutions to predict tank levels and optimize refill schedules. AIUT's new platform for smart LPG tank monitoring enables the efficient and real-time management of LPG data from the supply network down to the individual tank. The applications leverage the proven capabilities of LoRa devices and the LoRaWAN protocol to provide tank data and metrics on use, creating a coherent tool for the effective management of the gas supply. This provides distinct cost and efficiency advantages over legacy solutions such as drive-by or in-person tank reading. Additionally, AIUT's solutions include remote valve control to stop or re-enable gas flow through the pump or tank, increasing safety and reducing waste on-site.
"LoRa devices represent a proven choice for real-time resource monitoring, providing actionable insight to reduce operational expenses and increase efficiency in gas management," said Marc Pegulu, Vice President of IoT Product Marketing & Strategy in Semtech's Wireless and Sensing Products Group. "LoRa-based products are flexible in deployment, allowing their use on tanks underground without sacrificing connectivity or requiring external infrastructure. AIUT leveraged this deployment flexibility with LoRa devices' capabilities for long range and reliable data monitoring to deliver leading products for the future of LPG management."
AIUT's new LoRa-based LPG sensors will be available in the U.S. market beginning July 2020. To date, AIUT has a number of successful and growing deployments across Europe, including those in France and Switzerland.
To learn more about Semtech's LoRa devices, visit the website.
About Semtech's LoRa® Devices
Semtech's LoRa devices are widely adopted long-range, low-power solutions 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.
AIUT is a leader in automation, robotics and industrial Internet of Things (IoT) solutions in Europe. The company specializes in building production lines and stations, automating industrial processes and creating intelligent IoT systems for metering and managing the consumption and status of utilities and fuels. The company operates branches in Poland, Germany, China, the United States, India, and Romania, providing local design and service support. Over its 29 year history, AIUT specialists have deployed over 3,000 projects in 70 countries. The company's systems are proven in the automotive, energy and fuel industries. For more information, visit www.aiut.com/en
Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer 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" 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.
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