STOCK TITAN

Semtech’s and DevAppSol Track Luggage Trolleys to Reduce Airport Management Cost With LoRaWAN®

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Semtech (SMTC) announced that DevApp Tech Solutions has successfully integrated the LoRaWAN protocol into its luggage trolley management system at Hyderabad International Airport. This solution uses 3,000 trolley sensors and 100 concentrators to improve asset tracking. The deployment enables real-time data access and has reportedly saved the airport 30% to 40% in direct costs and up to 60% in indirect costs by enhancing operational efficiency and accuracy. The implementation reflects the effectiveness of IoT solutions in improving management processes in high-traffic areas.

Positive
  • Direct cost savings of 30% to 40% at Hyderabad International Airport.
  • Indirect cost savings of up to 60% due to improved management effectiveness.
  • Use of 3,000 sensors and 100 concentrators enhances asset tracking efficiency.
Negative
  • None.

Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that DevApp Tech Solutions Pvt Ltd. (DevAppSol), a leading Internet of Things (IoT) and low power wide area network (LPWAN) solution provider, has integrated the LoRaWAN® protocol into its smart asset tracking solution for luggage trolleys at Hyderabad International Airport. DevAppSol’s application leverages on-premise private LoRaWAN networks to accurately manage and track trolleys as they move throughout the airport grounds.

Semtech’s and DevAppSol Track Luggage Trolleys to Reduce Airport Management Cost With LoRaWAN® (Photo: Business Wire)

Semtech’s and DevAppSol Track Luggage Trolleys to Reduce Airport Management Cost With LoRaWAN® (Photo: Business Wire)

"DevAppSol integrated the LoRaWAN protocol into our trolley management system to enable accurate in-depth insight into asset use and location, and allow the optimization of airport operations with real-time data,” said Soma Srikanth, co-founder and CEO at DevAppSol. “Semtech’s LoRa® devices provide an ideal combination of low power, flexibility and simplicity in deployment to create reliable tracking applications with industry-leading battery lifetimes. These smarter applications increase inventory efficiency while reducing airports’ reliance on costly, ineffective manual processes.”

DevAppSol’s end-to-end IoT deployment at Hyderabad International Airport consists of 3,000 trolley sensors based on LoRa devices and Bluetooth Low Energy (BLE), as well as 100 LoRa-BLE concentrators, two outdoor and six indoor LoRaWAN gateways. Web applications accessible from a desktop or smart device display sensor data in real time. This enables airport staff with actionable insights to simplify and create smarter management processes, including zoning, geo-fencing and energy saving.

DevAppSol’s private LoRaWAN network covers the entirety of the airport’s grounds to allow the efficient monitoring of trolleys in use and the location of each. Following the solution’s initial rollout in November 2019, airport management has seen direct savings of 30% to 40% and indirect savings up to 60% as a result of increased management effectiveness in a few key areas. These include increased inventory accuracy and efficiency, smart planning and stocking at airport hot spots based on varying arrival and departure in

FAQ

What is the significance of the integration of LoRaWAN by Semtech (SMTC) at Hyderabad International Airport?

The integration allows for efficient tracking and management of luggage trolleys, resulting in significant cost savings for the airport.

How much money has the airport saved since implementing Semtech's solution?

The airport has achieved direct savings of 30% to 40% and indirect savings of up to 60%.

What technology does DevApp Tech Solutions use for asset tracking at the airport?

DevApp Tech Solutions uses LoRaWAN technology combined with 3,000 trolley sensors and 100 concentrators.

When was the initial rollout of the smart trolley management system at Hyderabad International Airport?

The initial rollout occurred in November 2019.

Semtech Corp

NASDAQ:SMTC

SMTC Rankings

SMTC Latest News

SMTC Stock Data

5.52B
74.70M
1.26%
116.21%
9.1%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
CAMARILLO