Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced it has developed with Packetworx, the premier Internet of Things (IoT) solution provider in the Philippines, a new automated packetSENSE Current Clamp electricity monitoring solution and packetSWITCH remote rebooting device based on the LoRaWAN® protocol.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201015005250/en/
Packetworx leverages LoRaWAN (Photo: Business Wire)
"The LoRaWAN protocol offers the essential building blocks for developers and system integrators to quickly and cost-effectively create solutions to combat the challenges created by the COVID-19 pandemic," said Arnold Bagabaldo, Founder and CEO at Packetworx. "Packetworx is stepping up to meet the needs of smart facility and smart building management with IoT solutions that remotely monitor equipment and maximize operations with minimal human intervention and reduced risk."
Packetworx's IoT applications include packetSENSE Current Clamp sensor that measures electricity flow and packetSWITCH technology to remotely reboot a device. The combined solution has been deployed by several financial institutions to remotely monitor the functionality of automated teller machines (ATMs). Enabled by Semtech's LoRa® devices, these simple retrofit devices enable 24/7 usage auditing, preventative maintenance alerts, alarms for inactivity due to power loss or malfunction, and remote on or off capabilities to reset the ATM. Actionable data is provided on Packetworx's visualization dashboard, packetVIEW. These applications utilize the LoRaWAN protocol to deliver long range connectivity, up to miles from the nearest gateway and deep indoors, and low power consumption, with battery life averaging three to five years.
"LoRaWAN allows solution providers the means to quickly connect legacy mission-critical equipment and receive the benefits of IoT and smart monitoring with a low total cost of ownership," said Marc Pegulu, Vice President of IoT Product Marketing for Semtech's Wireless and Sensing Products Group. "Packetworx's proven ATM use case has now opened the door to remote monitoring of applications across an endless array of markets, including healthcare, smart industry, smart utility, and logistics."
To learn more about Semtech's IoT solutions, visit the website.
About Semtech's LoRa® Platform
Semtech's LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech's LoRa devices provide the communication layer for the LoRaWAN® protocol, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 100 countries. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech's LoRa site.
Packetworx is the leading enabler of Internet of Things (IoT) and LoRa® devices in the Philippines. It is the pioneer and only LoRaWAN connectivity provider and operator in the Philippines. The company provides hardware and software solutions that system integrators and developers use to deliver a portfolio of IoT solutions. Packetworx's mission is to accelerate the Philippines' transition towards an Internet-powered future by providing end-to-end IoT solutions, from devices, to network infrastructure, to cloud-based data visualization tools. To learn more, visit https://packetworx.com/.
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 "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 of Semtech Corporation or its affiliates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201015005250/en/