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Semtech Announces Intent Technologies and Nexity Group to Leverage LoRaWAN® for New Smart Building Platform
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Rhea-AI Summary
Semtech Corporation (SMTC) has partnered with Intent Technologies and Nexity Group to enhance building management through its LoRa devices and LoRaWAN standard. This collaboration aims to optimize operational efficiency, achieving a 10% reduction in building management costs. The IntentPlatform, which supports over 1.2 million residential units and 6 million square meters of office space, enables real estate professionals to monitor various metrics. With the smart buildings market projected to reach $141.71 billion by 2028, Semtech's technology is positioned to connect sensors for improved building management.
Positive
Achieved 10% reduction in building management operational costs for Nexity Group.
The IntentPlatform supports over 1.2 million residential units and 6 million square meters of office space.
Smart buildings market projected to reach $141.71 billion by 2028.
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Solution boosts efficiency and reduces building management operation costs by 10%
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 Intent Technologies, a leading service platform for smart properties, and Nexity Group, a leading French real estate services provider, has integrated Semtech’s LoRa® devices and the LoRaWAN® standard into its IntentPlatform to optimize performance, improve quality of service and reduce the carbon footprint in residential and commercial properties.
Solution boosts efficiency and reduces building management operation costs by 10% (Photo: Business Wire)
The IntentPlatform smart building solution has already achieved 10% savings in overall building operational costs for Nexity Group. Successfully deployed throughout the French territory, the system’s footprint spans over 1.2 million residential units as well as over 6 million square meters of office space. Providing 360-degree facility views, this LoRa-enabled smart properties solution enables real estate professionals to improve the operating performance of a building by exchanging data with more than 180 service suppliers and digital software vendors through a comprehensive dashboard with alerts on a single, Cloud platform.
“Ease of deployment and data collection quality made LoRa devices the clear choice to develop the use of data from sensors and equipment by real estate property managers on our platform,” said Benjamin Ulrich, CEO and founder of Intent Technologies. “With LoRa devices and LoRaWAN connectivity, the technology simplifies the way to deploy, maintain and utilize sensors on existing building infrastructures. Not only does it reduce time spent on installations, but with its low level of power consumption, the technology significantly decreases the cost and labor required for battery replacements during the life cycle of the sensors.
The smart buildings market is forecasted to reach $141.71B USD in 2028 due to the rise in adoption of Internet of Things (IoT) technology. LoRa is the wireless platform of choice for the Internet of Things (IoT), with more than 5 million gateways and 270 million end nodes with LoRa devices deployed worldwide and growing. The IntentPlatform is positioned to easily connect sensors to monitor air quality, temperature, energy and water usage, and automatically provide alerts to property management and service providers when anomalies are detected, such as possible water or gas leaks, for quick response and resolution.
“Intent and Nexity’s product development and deployments showcase the value of IoT and the digital transformation in building management that is delivering efficiency, operational cost savings and occupant safety,” said Marc Pégulu, vice president and general manager for Semtech’s Wireless and Sensing Products Group. “Smart buildings give added control for how consumers and communities utilize energy in a responsible manner. Semtech and the LoRaWAN ecosystem are committed to protecting our earth’s resources and enhancing the quality of human life.”
Learn more about Intent Technologies’ solutions here.
More information on Semtech’s LoRa devices can be found 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 Intent Technologies
Founded in 2011, Intent Technologies maximizes the value and efficiency of smart buildings and smart cities by providing a unique cloud platform to pilot and interact with the entire real estate and cities ecosystem of service suppliers and digital software vendors. The IntentPlatform for commercial and industrial real estate professionals, social housing operators or cities centralizes actionable data to make it easier to manage facility services delivered to the users. The solution improves operational efficiencies through a comprehensive library of diverse APIs that supply data to clients in an easy-to-understand platform available on web or mobile app. For more information, visit intent.tech/en/.
About Nexity Group
With nearly 8,000 employees and €4.6 billion in revenue in 2021, Nexity is France’s leading integrated real estate group, with a nationwide presence and business operations in all areas of real estate development and services. Our corporate purpose ‘life together’ expresses our commitment to create sustainable spaces, neighborhoods and cities. Nexity is notably classified for the third year in a row as France’s number-one low-carbon project owner by BBCA, is a member of the Bloomberg Gender-Equality Index (GEI) and awarded Best Workplace in 2021.
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 “positioned to,” “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, 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.
