Semtech’s LoRa Technology Increases Energy Efficiency in India
With Hanbit’s IoT utility solutions, large providers and consumers achieve increased energy efficiency by leveraging LoRa-enabled sensors
CAMARILLO, Calif., July 24, 2018 – Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Hanbit, a leading provider of end-to-end automation solutions in gas, water and electricity metering, has incorporated Semtech’s LoRa® devices and wireless radio frequency technology (LoRa Technology) into its smart metering solutions.
“Hanbit’s LoRa-based utility metering solutions enable maximum accuracy in utility management with real-time tracking,” said Phani Varanasi, CEO at Hanbit. “Semtech’s LoRa Technology allows flexible installation in both commercial and residential industries, providing extensive range of up to 30 miles, to increase energy efficiencies throughout an entire city.”
Hanbit’s LoRa-based solutions allow real-time consumption, status and diagnostic data from water systems, which transfers to a central database for billing and analysis. With LoRa Technology’s long range and low power capabilities, Hanbit’s smart metering solutions decrease maintenance frequency and offer quick deployment. The LoRa-based products are available throughout India.
“Hanbit equips utility providers and consumers with accurate and reliable smart sensor solutions for improved efficiency,” said Vivek Mohan, Director of IoT, Semtech’s Wireless and Sensing Products Group. “With metering deployments globally, Semtech’s LoRa Technology is positioned to be the ideal platform of choice in the utility industry to develop comprehensive, unique applications to better serve their populations.”
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 over 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 and join the LoRa Community to access free training as well as an online industry catalog showcasing the products you need for building your ideal IoT application.
Hanbit was started with an innovative framework for providing end-to-end automation solutions in the areas of gas, water and electricity metering. Hanbit also has expertise in providing comprehensive solutions on wired and wireless communication. To learn more visit http://hanbitsolutions.com/
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 “positioned to be,” “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, and LoRaWAN is a trademark or service mark, of Semtech Corporation or its affiliates.