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

(Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced the release of its Asset Tracking Reference Kit to accelerate the adoption of asset tracking solutions based on LoRa® devices and the LoRaWAN® protocol, and facilitate the confirmation of the business value of such solutions.

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Semtech Asset Tracking Kit Available (Graphic: Business Wire)

According to IHS Markit LPWAN market report 2019, worldwide connections in asset management have grown from 15 million in 2017 to more than 50 million in 2019, and are expected to reach almost 500 million in 2023. Despite the continued growth of IoT for asset tracking, the highly technical nature of IoT serves as a barrier to entry for many potential businesses. As preferred IoT solutions, LoRa devices offer a proven feature set for enabling a wide range of asset tracking solutions that meet customer needs and deliver real return on investment. Asset tracking often requires sensors to be installed in industrial environments minimizing the impact on the production. LoRa devices’ unique ability to provide cost-effective infrastructure for both indoor and outdoor coverage with geolocation combined with multiple year battery life make the platform the preferred technology for asset tracking projects.

“For companies that need indoor presence detection and outdoor geolocation, the Semtech Asset Tracking Reference Kit illustrates how easily LoRaWAN® private network coverage can be achieved in combination with geolocation,” said Pierre Gelpí, Director of Vertical Marketing for Logistics Asset Tracking in Semtech’s Wireless and Sensing Products Group. “System integrators will be able to start customer projects expeditiously and enterprise users will be able to evaluate the value of LoRaWAN-based solutions for their business processes without needing to have extensive knowledge of IoT technologies.”

The Semtech Asset Tracking Reference Kit allows users to locate outdoor assets around a specific location, including performing a regular automated inventory of assets that are available on site. With the data generated by the trackers, customers can evaluate the possible benefits of tracking their assets with an out-of-the box kit. The reference kit will demonstrate the key benefits and capabilities of a LoRaWAN-based tracking solution by applying the trackers to specific assets and having the ability to access the data by a web-based dashboard. The kit consists of LoRa-based sensors and gateways that are available on the market. Once the customer has seen the value of implementing a LoRa-based solution for asset tracking, they are able to deploy a commercial solution with any of the manufacturers in the LoRa ecosystem, providing sensors, gateways, network software, and connectivity.

The Semtech Asset Tracking Reference Kit comes complete with six industrial LoRaWAN-based GPS trackers and one outdoor LoRaWAN-based gateway including a preconfigured SIM card for Cellular backhaul. The data from the GPS trackers is collected via the LoRaWAN network without the need of a license or subscription fee. The user can configure some parameters of the trackers and access the data through a secure portal. Depending on the gateway placement, the coverage will vary from hundreds of meters around the location to several kilometers.

For more information about the Asset Tracking Reference Kit or the hardware contained within the kit, please contact or 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 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 “to accelerate,” “will,” “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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