- Combines Traxmate’s AI-enhanced precise Internet of Things
(IoT) positioning and tracking with Semtech’s location-aware LoRa
Edge™ platform and low-power, wide-area network (LPWAN)
connectivity
- Hybrid solution delivers unmatched efficiency for seamless
indoor and outdoor asset tracking
Semtech Corporation (Nasdaq: SMTC), a high-performance
semiconductor, IoT systems, and cloud connectivity service
provider, announced its collaboration with Traxmate, a leading
global IoT tracking platform provider, to offer a seamless indoor
and outdoor asset tracking solution. Combining Traxmate’s precise
location and tracking services with Semtech’s low-power,
location-aware LoRa Edge platform, the hybrid solution provides
unmatched efficiency for positioning, tracking, and routing of
IoT-connected assets.
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Semtech and Traxmate Enable Precision IoT
Asset Tracking (Graphic: Business Wire)
According to Beecham Research, the IoT-supported asset tracking
market is expected to account for over 90% of all connected
enterprise and industrial options by 2030. With greater visibility
and control over their logistics networks, businesses can
significantly reduce loss and theft by tracking high-value assets
in real time. In the U.S. alone, the impact of cargo theft is
estimated at over $30 billion annually.
“Semtech’s LoRa Edge platform combines the strength of
long-range connectivity with an ultra-low power GNSS resolver,
making it the perfect complement to Traxmate’s AI-enhanced
positioning services,” said Rikard Windh, COO at Traxmate.
“Together, this enables unparalleled, real-time location accuracy
in 2D and 3D to revolutionize asset management with enhanced
accuracy and efficiency.”
“The collaboration with Traxmate underscores Semtech’s
commitment to drive technology solutions that simplify and
accelerate IoT applications,” said Madhu Rayabhari, senior vice
president and general manager of Semtech’s Analog, Mixed Signal and
Wireless Products Group. “For asset tracking, a hybrid approach
like this can provide the true ubiquitous coverage needed for
robust and secure supply chain networks.”
Semtech at The Things Conference 2024
Semtech’s demos in booth #C01 will showcase its latest LoRaWAN®
and IoT solutions. The conference agenda also includes Semtech IoT
experts in keynote, panel, and workshop discussions.
- Wednesday, September 25, 2024
- 10:00 am local time: Fireside chat | “Semtech’s LoRa vision”
with Semtech CEO, Hong Hou
- 1:30 pm local time: Panel | “The past, present and future of
the LoRaWAN standard” with Semtech’s Olivier Seller and The Things
Industries’ Johan Stokking
- 2:00 pm local time: Workshop | “How to Get Started with LoRa
Basics™ Modem-E” with Semtech and Murata
- 2:30 pm local time: Panel | “Modem-E: Early Adopters
Experience” with Semtech’s Carlo Tinella, Murata’s Suman Thapa, and
Embit’s Fabio Bonizzi
- 3:20 pm local time: Keynote | “LPWAN: Limitations and How to
Mitigate Them” with Olivier Seller
- 4:30 pm local time: “Women in IoT Gathering”
- Thursday, September 26, 2024
- 9:30 am local time: Panel | “Embracing LoRaWAN for Smarter
Societies: The Necessity of LPWA Targets for Government” with
Semtech’s Olivier Beaujard, MultiTech's Daniel Quant, and
Connexin
- 10:50 am local time: Keynote | “LoRa® Portfolio Advancements
and What it Means for Your Innovations” with Carlo Tinella
About Semtech’s LoRa Platform
Semtech’s LoRa 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 technology provides the communication
layer for the LoRaWAN standard, an ITU-T Y.4480 standard 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 170 countries. Semtech is a founding
member of the LoRa Alliance. To learn more about how LoRa enables
IoT, visit Semtech’s LoRa site.
About Traxmate
Traxmate offers advanced situational awareness through
innovative positioning tools, tracking capabilities, and data. Our
comprehensive features, APIs, and SDKs include AI-enhanced indoor
and outdoor positioning, fusion location, 3D visualizations,
geofencing, alerts, and more. Learn more at traxmate.io.
About Semtech
Semtech Corporation (Nasdaq: SMTC) is a high-performance
semiconductor, IoT systems, and cloud connectivity service provider
dedicated to delivering high-quality technology solutions that
enable a smarter, more connected, and sustainable planet. Our
global teams are committed to empowering solution architects and
application developers to develop breakthrough products for the
infrastructure, industrial and consumer markets. To learn more
about Semtech technology, visit us at Semtech.com or follow us on
LinkedIn or X.
Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of
historical fact, including statements that use the words “future,”
“anticipates,” “believes,” “estimates,” “expects,” “intends,”
“plans,” “predicts,” “projects,” “would,” “could,” “can,” “may,” or
other similar words or expressions, that describe Semtech’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 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 include those risk
factors set forth in Semtech’s Annual Report on Form 10-K filed
with the Securities and Exchange Commission (www.sec.gov) on March
28, 2024 as such risk factors may be updated, amended or superseded
from time to time by subsequent reports that Semtech files with the
Securities and Exchange Commission. Semtech 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, and LoRa Edge and LoRa Basics are
trademarks or service marks, of Semtech Corporation or its
subsidiaries. All other trademarks and trade names mentioned may be
marks and names of their respective companies.
SMTC-P
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version on businesswire.com: https://www.businesswire.com/news/home/20240924257512/en/
Michelle Lozada, pr@semtech.com, Fredrik Beckman,
marketing@traxmate.io
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