STOCK TITAN

Semtech and Alpha-Omega Technology’s Transform Legacy Meters to Create New Efficiencies with LoRaWAN®

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Semtech Corporation (Nasdaq: SMTC) announced the integration of the LoRaWAN® protocol into the KLAX line of smart meter interface modules developed by Alpha-Omega Technology. This partnership enables efficient retrofitting of legacy metering solutions for real-time utility data transfer, significantly reducing installation costs.

The KLAX module offers magnetic deployment, real-time monitoring of energy and gas use, and facilitates smart utility management without the need for external devices. This innovation aims to provide substantial returns on investment for users.

Positive
  • Partnership with Alpha-Omega Technology enhances product offering in IoT utility metering.
  • KLAX module allows customers to retrofit existing metering solutions, reducing upfront costs.
  • Real-time monitoring capabilities enable efficient utility management and potential cost savings.
Negative
  • None.

Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Alpha-Omega Technology (AO-T), a leading developer of Internet of Things (IoT) utility metering solutions, has incorporated the LoRaWAN® protocol into its new KLAX line of smart meter interface modules for enterprise and consumer utility management. AO-T’s applications leveraging the LoRaWAN protocol enable the simple deployment and retrofit of legacy metering solutions for real-time utility data transfer over LoRaWAN networks.

Alpha-Omega Technologies leverages LoRaWAN in its metering solution (Photo: Business Wire)

Alpha-Omega Technologies leverages LoRaWAN in its metering solution (Photo: Business Wire)

“Semtech’s LoRa® devices offer significant advantages for the smart utilities industry and bring customers the means to quickly, cost effectively and simply transform their legacy applications with long range connectivity,” said Jan Bose, CEO at AO-T. “LoRa devices and the LoRaWAN protocol provide customers an accurate look into their utility use rates, and represent an effective platform for IoT applications in the utility vertical. With this proven IoT platform, AO was able to create a product in KLAX that meets our customers’ needs and delivers a swift return on investment (ROI).”

AO-T’s KLAX module monitors energy and gas use in real time and integrates into existing metering infrastructure without the need for external devices, wires or a power source. KLAX deploys magnetically in less than a minute and leverages a simple optical interface to connect with the meter, reducing installation cost to the customer. This simple retrofit enables the smart, remote management of utility data from meters, which previously required in-person reading. The device utilizes LoRa devices and the LoRaWAN protocol to deliver utility data long range, up to miles from the nearest gateway and deep indoors, creating an effective tool for large-scale business campuses and apartment complexes. Additionally, KLAX collaborated with The Things Industries and Datacake to create web applications providing end users simple, up-to-date access to their usage data. This delivers tangible cost savings by allowing accurate insight into energy use and enabling a targeted approach to reducing waste, bringing savings on monthly bills and reducing environmental impact.

“The KLAX module leverages LoRa and the LoRaWAN protocol to allow customers the means to quickly connect their legacy applications and receive the benefits of IoT and smart metering,” said Marc Pegulu, Vice President of IoT Product Marketing for Semtech’s Wireless and Sensing Products Group. “As there is a continued drive for efficiency and renewable energy as natural resources increase in scarcity, AO-T’s module brings the feature set for smarter, sustainable and efficient energy use.”

To learn more about Semtech’s LoRa devices, 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 Alpha-Omega Technology GmbH & Co. KG

The focus of Alpha-Omega Technology is on the development of IoT solutions. In addition to selling IoT hardware, the company works with its partners to design IoT projects for municipalities and companies. The company positions itself as an innovative and competent partner for its customers and designs its IoT projects and products alongside its partners. The company’s goal is to offer its customers the highest level of flexibility and expertise. For more information, visit https://alpha-omega-technology.de/

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.

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 of Semtech Corporation or its affiliates.

SMTC-P

FAQ

What is the significance of Semtech's partnership with Alpha-Omega Technology?

The partnership enhances Semtech's IoT solutions by incorporating the LoRaWAN protocol into smart metering modules, enabling customers to retrofit existing systems for real-time data transfer.

How does the KLAX module improve utility management?

The KLAX module provides real-time monitoring of energy and gas use, facilitating smarter utility management without the need for external devices.

What advantages do LoRa devices offer for smart utilities?

LoRa devices provide long-range connectivity and efficient data transfer, allowing for effective monitoring and management of utility services.

What impact does the KLAX module have on installation costs?

The KLAX module can be deployed magnetically in under a minute, significantly reducing installation costs compared to traditional systems.

What are the expected benefits for customers using the KLAX module?

Customers can expect cost savings through accurate monitoring of utility use, enabling targeted approaches to reduce waste and lower monthly bills.

Semtech Corp

NASDAQ:SMTC

SMTC Rankings

SMTC Latest News

SMTC Stock Data

3.82B
74.24M
1.25%
115.97%
9.1%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
CAMARILLO