Semtech and WITRAC Transform Asset Tracking For Maritime Transport Utilizing LoRaWAN®

Rhea-AI Summary

Semtech Corporation announced a partnership with WITRAC to enhance asset tracking in Boluda Corporación Marítima's supply chain. Utilizing LoRa® devices and the LoRaWAN® standard, this integration allows for real-time monitoring of cold chain assets, significantly improving logistics efficiency. The Total Track & Trace Intelligent Platform has successfully completed over 350 voyages, providing critical visibility for transporting goods like fresh food and medicine across 700 miles of maritime corridor from Spain to the Canary Islands.

Positive

• Improved logistics efficiency through real-time asset tracking via WITRAC's platform.
• Completed over 350 successful voyages, demonstrating operational effectiveness.
• Cost-effective solution by integrating LoRa devices, allowing real-time monitoring.

Negative

• None.

Semtech’s LoRa® devices and the LoRaWAN® standard replace labor-intensive manual temperature monitoring

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Boluda Corporación Marítima, a leading global maritime services provider, will leverage an asset tracking solution from WITRAC, a Valencia-based company offering innovative technology solutions that connect and provide visibility to the value chain. Integrated with Semtech’s LoRa® devices and the LoRaWAN® standard, WITRAC’s Total Track & Trace Intelligent Platform transports cold chain assets in Boluda’s supply chain, providing citizens of the Canary Islands with the first daily transportation of cargo from the peninsula with over 350 successful voyages.

Semtech’s LoRa® devices and the LoRaWAN® standard replace labor-intensive manual temperature monitoring (Graphic: Business Wire)

“Semtech’s LoRa devices offered a cost-effective solution for WITRAC’s Total Track & Trace Intelligent Platform. With ships transporting thousands of containers, installing a satellite modem in each container would make this type of solution economically non-viable,” said Jose Pons Ballester, co-founder and CTO of WITRAC. “Employing a network using LoRaWAN as well as leveraging the LoRa 2.4GHz band allowed us to place a WITRAC device in every single container to share real-time offshore and onshore visibility to thousands of containers — an unmatched value for our customers.”

Using a combination of LoRaWAN, Wi-Fi, BLE, and cellular connectivity options in the same hardware device, WITRAC’s Total Track & Trace Intelligent Platform provides real-time visibility and control of offshore operations. In addition to temperature monitoring, the platform’s “Perfect Route System” is able to geolocate a fleet’s vessels, allowing alerts to be set for deviations in fuel consumption, speed, routes, or miles traveled, which also permits shippers to take corrective measures en route.

The success of the platform led Boluda to implement WITRAC’s platform to monitor the location and temperature status of the fresh food and medicine on its seven container vessels traveling 700 miles from the Spanish mainland on the maritime corridor linking the Port of Cádiz to the island ports of Las Palmas and Tenerife.

“Remotely monitoring the location and temperature of assets during an entire cold chain was once viewed as a challenge. Through implementing LoRa devices and LoRaWAN, asset tracking has never been more simple and cost effective,” said Marc Pégulu, vice president of IoT product marketing and strategy for Semtech’s Wireless and Sensing Products Group. “WITRAC’s tracking solution is a valuable example of how LoRa and LoRaWAN networks can transform smart logistics to prevent loss or damage of assets no matter the distance.”

WITRAC Co-Founder and CTO José Pons Ballester will be discussing the benefits of the Boluda “Daily Canarias” solution at the LoRaWAN World Expo taking place July 6-7, 2022, in Paris, France. Register for the conference here.

To learn more about WITRAC’s Total Track & Trace Intelligent Platform, please visit here.

View the use case with more information on the collaboration 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 technology provides the communication layer for the LoRaWAN® 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. With the proliferation of LoRa devices and the LoRaWAN standard, the LoRa Developer Portal is a place to learn, connect, collaborate, and find resources to help accelerate your LoRa development process. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.

About WITRAC

WITRAC helps companies be more efficient and competitive thanks to innovative technological solutions that connect and give visibility to the value chain of its clients. Able to identify, locate, measure, and control wirelessly and in real time, any asset, anywhere, WITRAC fabricates its own hardware and software based on the IoT and AI technology, in order to satisfy the industry's tracing needs. Its digitalization and automatization solutions combine multiple connectivity devices and protocols with a management platform, in order to generate data and transform it into useful information and valuable insights. Please visit www.witrac.es.

About Boluda Corporación Marítima

Boluda Corporación Marítima is the leading Spanish maritime group with more than 185 years of experience. It has a global presence, operating in Central America, South America, the Caribbean, Africa, Cabo Verde, the Indian Ocean and Europe. This love of hard work and affinity with the sea has been passed down between generations in the Boluda family and developed over time into a sector leading corporation. The company is organized into two strategic divisions: Boluda Towage and Boluda Shipping. And two smaller divisions: Boluda Port Services and VB Comisarios de Averías. Boluda Towage’s main focus is tugboat services, the core business and essential for facilitating traffic flow in the port area and provides port, coastal and offshore towing and sea salvage. This division has a fleet of 400 vessels present in the main ports of Europe, Africa, the Indian Ocean and Latin America. Boluda Shipping is the division providing maritime services in comprehensive transportation, logistics and international freight management. Its wide network of company offices in the main Spanish ports as well as a variety of international ports provide a single point of contact for all stopovers and port operations, with customer service and information provided 24/7 365 days a year. Find more information at www.boluda.com.es.

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 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 “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 include, but are not limited to: the uncertainty surrounding the impact and duration of supply chain constraints and any associated disruptions; the uncertainty surrounding the impact and duration of the COVID-19 pandemic; export restrictions and laws affecting Semtech Corporation’s trade and investments including with respect to Huawei and certain of its affiliates and other entities identified by the U.S. government, and tariffs or the occurrence of trade wars; worldwide economic and political disruptions as a result of the current conflict between Russia and Ukraine; competitive changes in the marketplace including, but not limited to, the pace of growth or adoption rates of applicable products or technologies; downturns in the business cycle; and the additional risk factors set forth in Semtech Corporation’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (www.sec.gov) on March 16, 2022 as such risk factors may be updated, amended or superseded from time to time by subsequent reports that Semtech Corporation files with the Securities and Exchange Commission. 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/20220526005175/en/

Ronda Grech

Semtech Corporation

(805) 250-1263

rgrech@semtech.com

Source: Semtech Corporation

FAQ

What is the significance of the partnership between Semtech and WITRAC?

The partnership aims to enhance asset tracking in logistics, providing real-time visibility and efficiency in supply chain operations.

How does Semtech's LoRa technology benefit Boluda's operations?

Semtech's LoRa technology enables cost-effective real-time monitoring of cold chain assets, improving logistics management.

How many successful voyages has Boluda completed using the new tracking system?

Boluda has completed over 350 successful voyages utilizing the Total Track & Trace Intelligent Platform.

What cargo is being monitored in Boluda's supply chain?

The system monitors the location and temperature status of fresh food and medicine transported on Boluda's container vessels.

What are the key features of WITRAC's Total Track & Trace Intelligent Platform?

Key features include real-time visibility, temperature monitoring, and geolocation of vessels to optimize logistics operations.