CAMARILLO, Calif.--(BUSINESS WIRE)--

(Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that , a Sweden-based independent systems integrator offering Internet of Things (IoT) solutions and services, is introducing new functionalities to its WebIoT platform and initially the SenseIoT solution for water leakage detection and prevention in homes and businesses. The solution leverages with artificial intelligence (AI) and machine learning algorithms to detect mold and humidity in at-risk locations throughout a building, predicting and preventing costly damage.

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iioote LoRa-based solution (Graphic: Business Wire)

“Industries are responsible for of the global water consumption total today, and leaks represent a prominent and expensive problem for businesses, as well as property owners,” said Robert Spertina, CEO at iioote. “iioote’s WebIoT platform with added AI used in the LoRa-based SenseIoT solution extends coverage from smart home to industrial and commercial applications, and utilizes advanced algorithms to effectively combat leaks. As public resources are increasing in scarcity, addressing utility waste offers our customers a strong return on investment (ROI) by improving their efficiency.”

iioote consulted with insurance companies, water and sewage utilities to expand on its previous line of wireless LoRa-based water leakage detection solutions for the home. The enhanced SenseIoT applications monitor for abnormalities in humidity in real time, and quickly deploy in pipes, water meters and pumps for large buildings and industrial stations, as well as basements and bathrooms in the home. Solutions leverage public or private LoRaWAN-based connectivity and utilize AI and machine learning to add enhanced functionality and damage prevention. While iioote’s legacy solutions provided real-time leak detection and status, the introduction of AI and machine learning to the platform allows for greater trend analysis and prediction of leakage events, further helping prevent costly water damage and enable a swift response before a leak occurs.

“As the industrial vertical consistently looks to improve its usage efficiency and reduce environmental impact, IoT solutions enable greater insight into consumption trends and provide direct operational advantages and business value,” said Marc Pegulu, Vice President of IoT in Semtech’s Wireless and Sensing Products Group. “Semtech’s proven LoRa devices are the ideal platform for industrial facilities, buildings and homes, creating consistent and flexible IoT connectivity for a wide range of applications.”

To learn more about Semtech’s LoRa devices, visit the .

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 .

About iioote AB

iioote works with companies, organizations and municipalities in implementing IoT in their businesses, from analysis needs and strategy, to planning, implementation and system integration. iioote has expertise in IoT, IT and Telecom, combined with industry-specific skills from the construction, machinery and automotive industries. iioote integrates solutions that drive the development of simple and innovative IoT in the community. Solutions are further enabled by radio systems that use low energy technology, low power wide area networks (LPWAN). For more information, visit .

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 .

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “looks 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 () 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.

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