Lacuna and Semtech Expand LoRaWAN® Coverage through IoT to Satellite Connectivity

Rhea-AI Summary

Semtech Corporation (NASDAQ: SMTC) has announced a collaboration with Lacuna Space to enhance LoRaWAN connectivity, particularly in areas lacking cellular or Wi-Fi signals. This partnership aims to accelerate the adoption of Internet of Things (IoT) technologies through affordable satellite connectivity. The implementation of Long Range Frequency Hopping Spread Spectrum (LR-FHSS) technology is expected to improve the capacity and efficiency of IoT networks. Commercial services are anticipated to launch in the first half of 2022.

Positive

• Collaboration with Lacuna Space to enhance LoRaWAN connectivity.
• Introduction of LR-FHSS technology to improve network capacity.
• Plans to launch commercial services within the first half of 2022.

Negative

• None.

Companies to collaborate to accelerate Internet of Things (IoT) adoption with affordable and simplified connectivity

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, today announced a joint initiative with Lacuna Space to further increase coverage and resilience of LoRaWAN® connectivity.

Companies to collaborate to accelerate Internet of Things (IoT) adoption with affordable and simplified connectivity (Graphic: Business Wire)

In areas of the world without cellular or Wi-Fi signals, satellites fill connectivity gaps – especially in hard-to-reach areas. Since it is affordable and simple to install, LoRaWAN is the unique standard that is capable of bridging terrestrial networks with worldwide satellite connectivity in order to offer low power ubiquitous connectivity and fills this gap.

“We now have trials and demonstrations underway in many countries and regions that were previously thought to be inaccessible to IoT. Our collaboration with Semtech and the enablement of its LR-FHSS device accelerates IoT adoption for a safer, more resilient and resource-efficient world,” said Rob Spurrett, CEO at Lacuna Space. “With this collaboration, we expect to begin commercial services within the first half of 2022.”

The collaboration is built on Long Range Frequency Hopping Spread Spectrum (LR-FHSS), the latest addition to the LoRaWAN standard. LR-FHSS is unique because it takes up less room on the network, which future-proofs capacity while maintaining low power consumption capabilities – which, in turn, enables affordable and simple satellite IoT platforms.

“The addition of LR-FHSS to the LoRaWAN standard further increases capacity and resilience of ubiquitous connectivity,” said Marc Pégulu, vice president of IoT product marketing and strategy for Semtech’s Wireless and Sensing Products Group. “Lacuna’s application of this affordable and simplified technology will further expand access to connection through their satellite technology.”

For more information on Semtech’s LoRa devices, visit here.

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 Lacuna Space

Lacuna Space, located in the United Kingdom, provides low-cost, simple and reliable global connections to sensors and mobile equipment. The Lacuna network is an ultra-low cost tracking and detection service for short data messages that is ubiquitous. The network works everywhere, and all the time, so companies can focus on using data from sensors or tracking the status of moving assets. For more information, visit www.lacuna.space.

About Semtech

Semtech Corporation is a leading global 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 http://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 “capable of,” “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 (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 of Semtech Corporation or its affiliates.

SMTC-P

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005150/en/

Linh Dinh

Semtech Corporation

(805) 250-1263

ldinh@semtech.com

Source: Semtech Corporation

FAQ

What is the recent collaboration announced by Semtech (SMTC)?

Semtech Corporation has announced a collaboration with Lacuna Space to enhance LoRaWAN connectivity, enabling better access to IoT technologies.

What technology is Semtech introducing in its collaboration with Lacuna Space?

The collaboration introduces Long Range Frequency Hopping Spread Spectrum (LR-FHSS) technology, aimed at improving network capacity and efficiency.

When does Semtech expect to launch commercial services from its collaboration with Lacuna Space?

Semtech expects to launch commercial services within the first half of 2022.

How will the collaboration impact IoT adoption?

The collaboration is expected to accelerate IoT adoption by providing affordable and simplified satellite connectivity, particularly in hard-to-reach areas.