Semtech’s LoRa® Devices Leverage the Cloud to Increase Utility Efficiency

Please replace the release dated August 8, 2019, with the following corrected version due to multiple revisions.

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LoRa and Seluxit (Photo: Business Wire)

The corrected release reads: 

SEMTECH’S LORA® DEVICES LEVERAGE THE CLOUD TO INCREASE UTILITY EFFICIENCY

Seluxit’s metering solutions enable consumers to change wasteful energy habits and save money

Semtech Corporation (Nasdaq: SMTC), a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, announced that a state-of-the-art metering solution based on Semtech’s LoRa® devices has been developed as part of the MeDa project for one of Germany’s leading energy companies with Seluxit (Nasdaq: SLXIT), a leading developer of Internet of Things (IoT) solutions. The MeDa meter leverages a number of the advantages of the LoRaWAN® protocol enabling consumers to change wasteful energy habits and save money.

“Seluxit chose Semtech’s LoRa platform due to the number of significant advantages the platform provides for the smart metering vertical market,” said Daniel Lux, Co-Founder and CEO at Seluxit. “LoRa allows our customers to more closely monitor how they are consuming utilities in real-time. Shortly after installing one of our LoRa-based smart metering solutions, like the MeDa meter, customers typically get insight into their energy consumption pattern, which enables them to change appliances and/or habits and see a reduction in energy waste and total cost. As a global key supplier for the smart metering market, Seluxit is committed to providing solutions that reduce energy waste and create more sustainable energy grids worldwide.”

The deployment of the MeDa smart meter across Germany is increasing following the rollout that began in November of 2018, with several hundred thousand units of the total 6.4 million currently planned for deployment. The MeDa meter leverages LoRa-based solutions from Seluxit to provide real-time data monitoring of energy usage and proven connectivity to the Cloud for long-range data transfer. Additionally, Seluxit’s modem encrypts all data transfers as an element of compliance with Germany’s data security and privacy regulations. The meter’s long range capabilities allow end users to monitor energy usage remotely, even in large high-rise buildings. By closely monitoring energy consumption, customers can change wasteful energy habits and reduce their energy-related spending.

The MeDa smart meter solution uses a proprietary protocol stack that not only uses LoRa modulation for long range, but also FSK modulation at shorter distances, at a higher data rate. This is possible due to the versatility of the Semtech hardware. The higher data rate provides the end user even more detailed information about their energy consumption. The same hardware as used in the MeDa project will support LoRaWAN later this year.

“LoRaWAN is quickly becoming the de facto leader for IoT, and its long range, low power and ease of integration into existing infrastructure are clear advantages in the smart metering space,” said Marc Pegulu, Vice President of IoT for Semtech’s Wireless and Sensing Products Group. “For developers and system integrators, LoRaWAN simplifies development and accelerates IoT applications to market.”

Learn more about Semtech’s LoRa devices and the LoRaWAN protocol here.

About Semtech’s LoRa® Devices

Semtech’s LoRa devices 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.

About Seluxit

Seluxit is an Internet of Things (IoT) solution provider, who help product manufacturers connect their physical products to the Internet, and benefit from the value of data. Millions of Seluxit-powered IoT products are already deployed in 19 European countries and counting. Seluxit’s vision is to be a major contributor to the story of the Internet of Things — how we humans can orchestrate connected products to improve our lives, while preserving our security and privacy. For more information, visit www.seluxit.com/

About Semtech

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 “is becoming,” “committed to,” “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.

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