Retail products leveraging the LoRaWAN®
protocol improve retail profitability and security
Semtech Corporation (Nasdaq: SMTC), a leading supplier of high
performance analog and mixed-signal semiconductors and advanced
algorithms, announced its collaboration with InVue, the leading
global provider of intelligent hardware and software systems for
retail, consumer electronics and data centers, to integrate the
LoRaWAN® protocol into InVue LIVE compatible products across retail
display, security and operations.
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the full release here:
https://www.businesswire.com/news/home/20210512005145/en/
InVue LIVE retail products leveraging the
LoRaWAN® protocol improve retail profitability and security (Photo:
Business Wire)
“I consistently hear from our retail customers around the world
about the growing need for not only data, but actionable insights
which result in greater efficiency, security and less friction for
shoppers in stores,” said Chris Gibson, InVue chief product and
marketing officer. “With LoRaWAN, we can deliver on these
priorities across a variety of retail applications through our
InVue LIVE products in a simple, secure and scalable way.”
InVue’s integration of the LoRaWAN protocol into its InVue LIVE
products highlights a successful implementation of LoRaWAN into the
broader retail industry and focuses on improving the key areas
retail continues to invest in – operational readiness, and
ultimately, the shopper experience - including product
availability, convenience and customer insights. This sophisticated
suite of products gives retailers the ability to monitor and manage
these operations through a single platform, as well as deliver
actionable data and insights in real-time.
Each InVue LIVE device uses a LoRaWAN network to wirelessly
connect to the internet while offering bi-directional
communication, end-to-end security, mobility, and localization
services. This functionality enables retailers to track customer
interaction with display merchandise for phones and tablets (S3100V
and OnePOD Wireless), reduce theft (OneKEY), measure on-shelf
availability (OSA Sensor), and automating on/off as well as
planogram reporting electronics displays (TV Manager).
“As the Internet of Things (IoT) continues to revolutionize the
world around us, the application in retail has been nothing short
of remarkable with the LoRaWAN protocol,” said Marc Pegulu, vice
president of IoT product marketing and strategy for Semtech’s
Wireless and Sensing Products Group. “Our collaboration with InVue
is groundbreaking for both the customer and retailer due to LoRaWAN
protocol capabilities that offer ease of deployment, scalability
and even streamline operation costs for retailers to understand
what is happening in their stores.”
The InVue retail solutions utilize products that are a part of
the LoRa Core™ portfolio, which provides global LoRaWAN network
coverage and is targeted to several vertical industries including
asset tracking, building, home, agriculture, metering, and factory
automation.
To learn more about LoRa®, visit the website.
About Semtech’s LoRa® Platform
Semtech’s LoRa device-to-Cloud 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 devices provide the
communication layer for the LoRaWAN® protocol, 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 100 countries. Semtech is a founding member of the
LoRa Alliance. To learn more about how LoRa enables IoT, visit
Semtech’s LoRa site.
About Semtech
Semtech Corporation is a leading supplier of high performance
analog and mixed-signal semiconductors and advanced algorithms for
infrastructure, high-end consumer 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.
About InVue
InVue is a global innovator and developer of intelligent
hardware and software systems for retail, consumer electronics
brands and data centers. Our data-driven technology seamlessly
promotes, protects and connects our customer’s merchandise,
products and services, to reduce their costs, minimize risk and
improve profits. Headquartered in Charlotte, N.C., InVue has a
50-year history working with retailers and is present in over 90
countries. Learn more at www.invue.com
Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of
historical fact, including statements that use the words “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 LoRa Core is a trademark or service mark, of
Semtech Corporation or its affiliates.
SMTC-P
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version on businesswire.com: https://www.businesswire.com/news/home/20210512005145/en/
Linh Dinh Semtech Corporation (408) 510-2704 ldinh@semtech.com
Brooks Dauterive InVue (704) 752-6513 x1266
BrooksDauterive@invue.com
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