Semtech Corporation (Nasdaq:SMTC), a leading supplier of analog and
mixed-signal semiconductors and advanced algorithms, announces that
machineQ™, Comcast’s enterprise Internet of Things (IoT) network
service, has connected operational LoRaWAN™ networks to 10 U.S.
cities. The extensive and comprehensive network coverage in these
markets increases access at the network edge to add value to
solutions providers and enterprises, establishing a strong
foundation for nationwide deployment.
According to ABI Research, IoT technology revenues across 12 key
smart city technologies and verticals, including metering, parking
and street lighting, is expected to grow from around U.S.$25
billion in 2017 to U.S.$62 billion in 2026 at an average growth
rate of 11 percent. This rapid adoption will need a proven
infrastructure that is able to scale and provide key capabilities –
long range, low power – to support multiple applications. MachineQ
has rolled out networks in Philadelphia, Chicago, San Francisco,
Atlanta, Baltimore, Boston, Denver, Detroit, Indianapolis, Miami,
Minneapolis/St. Paul, Oakland, Pittsburgh, Seattle, and Washington
D.C. The comprehensive network presence in these 10 cities
demonstrates the steady progress of enabling smart business
decisions with the broad adoption of Semtech’s LoRa® devices and
wireless radio frequency technology (LoRa Technology) for their
smart applications.
“As we continue to deploy LoRaWAN-based access to cities across
the U.S., we are enabling businesses across a wide range of
industries to bring IoT solutions to market faster, which is good
for the ecosystem as a whole,” said Alex Khorram, General Manager
of Comcast’s machineQ. “We are seeing real momentum as solution
providers and end users alike are realizing the benefits of having
a low-power, wide-area connectivity option as they look to take
advantage of IoT within their organizations.”
“In the last year, the increasing number of IoT use cases has
rapidly grown and machineQ’s optimized LoRaWAN network drives even
more diverse applications and IoT adoption,” said Marc Pegulu, Vice
President and General Manager for Semtech’s Wireless and Sensing
Products Group. “MachineQ’s widespread and comprehensive presence
in these 10 cities demonstrates that enterprises believe that
Semtech’s LoRa Technology is a proven and established IoT platform
able to support a diverse number of applications in making cities
smarter, from improving parking congestion to remote lighting
control for street lights.”
Resources
- What is LoRa? Visit Semtech’s website.
- Learn more how machineQ™ leverages connected sensors, network
and software technologies to enable innovative IoT solutions.
- White papers: LoRaWAN™ Capacity Trial in Dense Urban
Environment and LoRaWAN™ Sensor Design Conversion Guide
About Semtech’s LoRa® Devices and Wireless RF
TechnologySemtech’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 needed for building the ideal IoT application.
About Comcast Comcast Corporation
(Nasdaq:CMCSA) is a global media and technology company with two
primary businesses, Comcast Cable and NBCUniversal. Comcast Cable
is one of the nation’s largest video, high-speed internet, and
phone providers to residential customers under the XFINITY brand,
and also provides these services to businesses. It also provides
wireless and security and automation services to residential
customers under the XFINITY brand. NBCUniversal operates news,
entertainment and sports cable networks, the NBC and Telemundo
broadcast networks, television production operations, television
station groups, Universal Pictures and Universal Parks and Resorts.
Visit www.comcastcorporation.com for more information.
About SemtechSemtech Corporation is a leading
supplier of analog and mixed-signal semiconductors 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 “to add,” “expected
to,” “will,” “continue to,” “look to,” “to improve,” “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. MachineQ is a trademark or
service mark of Comcast Corporation or its affiliatesSMTC-P
Contact: Ronda Grech Semtech Corporation (805)
250-1263rgrech@semtech.com
A photo accompanying this announcement is available at
http://resource.globenewswire.com/Resource/Download/73127ce7-e291-4fc7-95d0-23394f38fefb
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
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