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Semtech and Traxmate Enable Precision IoT Asset Tracking

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Semtech (Nasdaq: SMTC) has announced a collaboration with Traxmate to offer a seamless indoor and outdoor asset tracking solution. This hybrid solution combines Traxmate's precise location and tracking services with Semtech's low-power, location-aware LoRa Edge platform, providing unmatched efficiency for positioning, tracking, and routing of IoT-connected assets.

The collaboration aims to address the growing IoT-supported asset tracking market, which is expected to account for over 90% of all connected enterprise and industrial options by 2030. By enabling real-time tracking of high-value assets, businesses can significantly reduce loss and theft, potentially mitigating the estimated $30 billion annual impact of cargo theft in the U.S. alone.

Semtech will showcase its latest LoRaWAN and IoT solutions at The Things Conference 2024, featuring demos, keynotes, panels, and workshops with Semtech IoT experts.

Semtech (Nasdaq: SMTC) ha annunciato una collaborazione con Traxmate per offrire una soluzione integrata di tracciamento degli asset, sia indoor che outdoor. Questa soluzione ibrida combina i servizi di localizzazione e tracciamento precisi di Traxmate con la piattaforma a bassa potenza e consapevole della posizione LoRa Edge di Semtech, garantendo un'efficienza senza precedenti per il posizionamento, il tracciamento e il routing degli asset connessi all'IoT.

La collaborazione mira a rispondere al crescente mercato del tracciamento degli asset supportato dall'IoT, che si prevede rappresenterà oltre il 90% di tutte le opzioni aziendali e industriali connesse entro il 2030. Abilitando il tracciamento in tempo reale di asset di alto valore, le aziende possono ridurre significativamente perdite e furti, contribuendo a mitigare l'impatto annuale stimato di 30 miliardi di dollari del furto di carichi solo negli Stati Uniti.

Semtech presenterà le sue ultime soluzioni LoRaWAN e IoT alla The Things Conference 2024, con dimostrazioni, relazioni, panel e workshop con esperti IoT di Semtech.

Semtech (Nasdaq: SMTC) ha anunciado una colaboración con Traxmate para ofrecer una solución fluida de seguimiento de activos, tanto en interiores como exteriores. Esta solución híbrida combina los servicios de localización y seguimiento precisos de Traxmate con la plataforma de bajo consumo y consciente de la ubicación LoRa Edge de Semtech, proporcionando una eficiencia sin igual para la ubicación, el seguimiento y el enrutamiento de activos conectados al IoT.

La colaboración tiene como objetivo abordar el creciente mercado de seguimiento de activos respaldado por IoT, que se espera que represente más del 90% de todas las opciones empresariales e industriales conectadas para 2030. Al permitir el seguimiento en tiempo real de activos de alto valor, las empresas pueden reducir significativamente la pérdida y el robo, lo que podría mitigar el impacto anual estimado de $30 mil millones por robo de carga solo en EE.UU.

Semtech mostrará sus últimas soluciones de LoRaWAN e IoT en The Things Conference 2024, con demostraciones, conferencias, paneles y talleres con expertos en IoT de Semtech.

Semtech (Nasdaq: SMTC)는 Traxmate와 협력하여 실내 및 실외 자산 추적 솔루션을 원활하게 제공한다고 발표했습니다. 이 하이브리드 솔루션은 Traxmate의 정밀 위치 및 추적 서비스와 Semtech의 저전력 위치 인식 LoRa Edge 플랫폼을 결합하여 IoT 연결 자산의 위치 지정, 추적 및 라우팅의 비할 데 없는 효율성을 제공합니다.

이 협력은 2030년까지 연결된 모든 기업 및 산업 옵션의 90% 이상을 차지할 것으로 예상되는 IoT 지원 자산 추적 시장의 성장에 대응하는 것을 목표로 합니다. 고급 자산의 실시간 추적을 가능하게 함으로써 기업은 손실 및 도난을 크게 줄일 수 있으며, 이는 미국에서만 연간 300억 달러에 달하는 화물 도난의 예상 영향을 완화할 수 있습니다.

Semtech는 The Things Conference 2024에서 최신 LoRaWAN 및 IoT 솔루션을 선보일 예정이며, 여기에는 Semtech IoT 전문가와 함께하는 데모, 기조 연설, 패널 및 워크숍이 포함됩니다.

Semtech (Nasdaq: SMTC) a annoncé une collaboration avec Traxmate pour offrir une solution de suivi d'actifs fluide, tant en intérieur qu'en extérieur. Cette solution hybride combine les services de localisation et de suivi précis de Traxmate avec la plateforme à faible consommation et consciente de la localisation LoRa Edge de Semtech, offrant une efficacité inégalée pour le positionnement, le suivi et le routage des actifs connectés à l'IoT.

Cette collaboration vise à répondre à la croissance du marché du suivi des actifs soutenu par l'IoT, qui devrait représenter plus de 90 % de toutes les options d'entreprise et industrielles connectées d'ici 2030. En permettant le suivi en temps réel des actifs de grande valeur, les entreprises peuvent réduire considérablement les pertes et le vol, ce qui pourrait atténuer l'impact annuel estimé de 30 milliards de dollars du vol de cargaisons rien qu'aux États-Unis.

Semtech présentera ses dernières solutions LoRaWAN et IoT lors de la The Things Conference 2024, avec des démonstrations, des conférences, des tables rondes et des ateliers animés par des experts IoT de Semtech.

Semtech (Nasdaq: SMTC) hat eine Zusammenarbeit mit Traxmate angekündigt, um eine nahtlose Innen- und Außenverfolgungslösung für Vermögenswerte anzubieten. Diese hybride Lösung kombiniert die präzisen Standort- und Verfolgungsdienste von Traxmate mit Semtechs energieeffizienter, standortbewusster LoRa Edge-Plattform und bietet unvergleichliche Effizienz für die Positionierung, Verfolgung und Routenführung von IoT-verbundenen Vermögenswerten.

Die Zusammenarbeit zielt darauf ab, den wachsenden IoT-gestützten Markt für Vermögensverfolgung anzusprechen, der voraussichtlich bis 2030 mehr als 90 % aller verbundenen Unternehmens- und Industrieoptionen ausmachen wird. Durch die Ermöglichung der Echtzeitverfolgung von wertvollen Vermögenswerten können Unternehmen Verluste und Diebstähle erheblich reduzieren und möglicherweise die geschätzten jährlichen Auswirkungen von 30 Milliarden US-Dollar durch Frachtverdiebb in den USA allein mindern.

Semtech wird seine neuesten LoRaWAN- und IoT-Lösungen auf der The Things Conference 2024 vorstellen, einschließlich Demonstrationen, Hauptreden, Podiumsdiskussionen und Workshops mit IoT-Experten von Semtech.

Positive
  • Collaboration with Traxmate to offer seamless indoor and outdoor asset tracking solution
  • Addressing growing IoT-supported asset tracking market expected to reach 90% of connected enterprise options by 2030
  • Potential to reduce $30 billion annual impact of cargo theft in the U.S.
  • Showcasing latest LoRaWAN and IoT solutions at The Things Conference 2024
Negative
  • None.
  • Combines Traxmate’s AI-enhanced precise Internet of Things (IoT) positioning and tracking with Semtech’s location-aware LoRa Edge™ platform and low-power, wide-area network (LPWAN) connectivity
  • Hybrid solution delivers unmatched efficiency for seamless indoor and outdoor asset tracking

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced its collaboration with Traxmate, a leading global IoT tracking platform provider, to offer a seamless indoor and outdoor asset tracking solution. Combining Traxmate’s precise location and tracking services with Semtech’s low-power, location-aware LoRa Edge platform, the hybrid solution provides unmatched efficiency for positioning, tracking, and routing of IoT-connected assets.

Semtech and Traxmate Enable Precision IoT Asset Tracking (Graphic: Business Wire)

Semtech and Traxmate Enable Precision IoT Asset Tracking (Graphic: Business Wire)

According to Beecham Research, the IoT-supported asset tracking market is expected to account for over 90% of all connected enterprise and industrial options by 2030. With greater visibility and control over their logistics networks, businesses can significantly reduce loss and theft by tracking high-value assets in real time. In the U.S. alone, the impact of cargo theft is estimated at over $30 billion annually.

“Semtech’s LoRa Edge platform combines the strength of long-range connectivity with an ultra-low power GNSS resolver, making it the perfect complement to Traxmate’s AI-enhanced positioning services,” said Rikard Windh, COO at Traxmate. “Together, this enables unparalleled, real-time location accuracy in 2D and 3D to revolutionize asset management with enhanced accuracy and efficiency.”

“The collaboration with Traxmate underscores Semtech’s commitment to drive technology solutions that simplify and accelerate IoT applications,” said Madhu Rayabhari, senior vice president and general manager of Semtech’s Analog, Mixed Signal and Wireless Products Group. “For asset tracking, a hybrid approach like this can provide the true ubiquitous coverage needed for robust and secure supply chain networks.”

Semtech at The Things Conference 2024

Semtech’s demos in booth #C01 will showcase its latest LoRaWAN® and IoT solutions. The conference agenda also includes Semtech IoT experts in keynote, panel, and workshop discussions.

  • Wednesday, September 25, 2024
    • 10:00 am local time: Fireside chat | “Semtech’s LoRa vision” with Semtech CEO, Hong Hou
    • 1:30 pm local time: Panel | “The past, present and future of the LoRaWAN standard” with Semtech’s Olivier Seller and The Things Industries’ Johan Stokking
    • 2:00 pm local time: Workshop | “How to Get Started with LoRa Basics™ Modem-E” with Semtech and Murata
    • 2:30 pm local time: Panel | “Modem-E: Early Adopters Experience” with Semtech’s Carlo Tinella, Murata’s Suman Thapa, and Embit’s Fabio Bonizzi
    • 3:20 pm local time: Keynote | “LPWAN: Limitations and How to Mitigate Them” with Olivier Seller
    • 4:30 pm local time: “Women in IoT Gathering”
  • Thursday, September 26, 2024
    • 9:30 am local time: Panel | “Embracing LoRaWAN for Smarter Societies: The Necessity of LPWA Targets for Government” with Semtech’s Olivier Beaujard, MultiTech's Daniel Quant, and Connexin
    • 10:50 am local time: Keynote | “LoRa® Portfolio Advancements and What it Means for Your Innovations” with Carlo Tinella

About Semtech’s LoRa Platform

Semtech’s LoRa 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 technology provides the communication layer for the LoRaWAN standard, an ITU-T Y.4480 standard 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 170 countries. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.

About Traxmate

Traxmate offers advanced situational awareness through innovative positioning tools, tracking capabilities, and data. Our comprehensive features, APIs, and SDKs include AI-enhanced indoor and outdoor positioning, fusion location, 3D visualizations, geofencing, alerts, and more. Learn more at traxmate.io.

About Semtech

Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems, and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected, and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “would,” “could,” “can,” “may,” or other similar words or expressions, that describe Semtech’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 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 include those risk factors set forth in Semtech’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (www.sec.gov) on March 28, 2024 as such risk factors may be updated, amended or superseded from time to time by subsequent reports that Semtech files with the Securities and Exchange Commission. Semtech 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, LoRa and LoRaWAN are registered trademarks or service marks, and LoRa Edge and LoRa Basics are trademarks or service marks, of Semtech Corporation or its subsidiaries. All other trademarks and trade names mentioned may be marks and names of their respective companies.

SMTC-P

Michelle Lozada, pr@semtech.com, Fredrik Beckman, marketing@traxmate.io

Source: Semtech Corporation

FAQ

What is the collaboration between Semtech and Traxmate for?

Semtech and Traxmate are collaborating to offer a seamless indoor and outdoor asset tracking solution, combining Traxmate's precise location and tracking services with Semtech's LoRa Edge platform for efficient IoT-connected asset tracking.

What is the expected market share of IoT-supported asset tracking by 2030?

According to Beecham Research, the IoT-supported asset tracking market is expected to account for over 90% of all connected enterprise and industrial options by 2030.

How much is the estimated annual impact of cargo theft in the U.S.?

The impact of cargo theft in the U.S. is estimated at over $30 billion annually.

Where will Semtech (SMTC) showcase its latest LoRaWAN and IoT solutions?

Semtech will showcase its latest LoRaWAN and IoT solutions at The Things Conference 2024, featuring demos, keynotes, panels, and workshops with Semtech IoT experts.

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