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Semtech’s LoRa® Devices and the LoRaWAN® Standard Optimize Smart Metering with Sindcon
Rhea-AI Impact
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Rhea-AI Summary
Semtech Corporation (NASDAQ: SMTC) announced a collaboration with Sindcon (Singapore) IoT Technology and IoT Kreasi Indonesia to deploy battery-powered smart water and electricity meters utilizing LoRaWAN technology. This initiative has reduced human error in manual readings by over 80%, leading to enhanced billing accuracy and tenant satisfaction at the LLOYD apartment complex in Indonesia. The smart meters achieve a 90% data success rate and battery life of up to seven years. Semtech's LoRa technology supports smart building applications and efficient resource usage.
Positive
Collaboration with Sindcon and IoT Kreasi Indonesia enhances smart utility operations.
Smart meters reduce human error by over 80%, improving billing accuracy.
Achieved over 90% data success rate with LoRaWAN technology.
Battery life extended up to seven years for smart meters.
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Via a robust LoRaWAN® infrastructure, smart meters reduced human error by more than 80% compared to manual reading
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 Sindcon (Singapore) IoT Technology Pte Ltd, a provider of low power wide area network (LPWAN) Internet of Things (IoT) metering solutions, and IoT Kreasi Indonesia, an end-to-end IoT solution provider, have leveraged Semtech’s LoRa® devices and the LoRaWAN® standard for its battery-powered smart water and electricity meters. Use of LoRa devices and LoRaWAN streamline smart utilities operations for smart buildings.
Via a robust LoRaWAN® infrastructure, smart meters reduced human error by more than 80% compared to manual reading (Photo: Business Wire)
For larger buildings with several tenants, manual metering can be a labor-intensive process and is prone to human error, resulting in unfair billing. Sindcon and IoT Kreasi Indonesia developed its battery-powered smart meters utilizing LoRaWAN to eliminate the manual energy and water meter reading process entirely. The smart meters further benefit from LoRaWAN connectivity for remote control of the water meters to open and close the water valve as needed.
“When designing our smart meters, reliability and constant connectivity where the key factors,” said Deyu Chen, CEO and co-founder of Sindcon. “The robustness of LoRaWAN helped us to achieve over 90% data success rate. In addition, its low power capabilities extend battery life of up to seven years.”
This deployment of water and electricity meters installed in tall buildings is typical of dense urban environments with over 20,000 habitants per km² proving that LoRaWAN can support high density while ensuring a remaining capacity to add other applications in future.
The success of the smart meters has been seen in the LLOYD apartment complex located in Indonesia that covers a total area of .045 per km² (4.5 Ha) with 27 towers. “Implementing LoRaWAN for the smart meter solutions was a key factor in the overall success of the LLOYD deployment,” said Aldi Kurniawan, CEO and co-founder of IoT Kreasi Indonesia. “Due to the improved billing transparency, LLOYD tenant satisfaction increased more than 50% and are now empowered to monitor their own utilities usage daily with no surprise bill at the end.”
“LoRaWAN is meeting the needs of the smart building segment,” said Marc Pégulu, vice president and general manager for Semtech’s Wireless and Sensing Products Group. “Alongside Semtech’s LoRa devices, the ability to enable efficient and economical use of a building’s resources, while creating a safe and comfortable for its tenants, highlight Semtech’s commitment toward creating a smarter planet.”
To learn more about Sindcon’s LPWAN solutions, please visit here.
For more LoRa smart building applications, please visit here.
About Semtech’s LoRa® Platform
Semtech’s LoRa chip-to-Cloud platform is a globally adopted long range, low power solution for Internet of Things (IoT) applications, enabling the rapid development and deployment of long range, ultra-low power and cost efficient 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 173 countries. Semtech is a founding member of the LoRa Alliance and produces the “The WAN Network Show” podcast to connect massive IoT end users to operators of LoRaWAN networks around the world. With the proliferation of LoRa devices and the LoRaWAN standard, the LoRa Developer Portal is a technical support platform for IoT innovators to learn, connect, collaborate, and find resources to help accelerate product development efforts and expedite time to market. To learn more about how LoRa enables IoT and creates a more sustainable and smarter planet, visit Semtech’s LoRa site.
About Sindcon
Sindcon is one of the pioneer companies based in Singapore focusing on One-Stop IoT Metering Solution from device to IoT platform based on Low Power Wide Area Network (LPWAN) technology. The founder of Sindcon graduated from Nanyang Technology University of Singapore (NTU) with Ph.D degree and had more than 10 years’ semiconductor design experience in Broadcom before setting up Sindcon. Since Sindcon was established in 2015, Sindcon started implementing smart LoRaWAN meters (gas, water & electricity) as well as various IoT sensors commercially and providing IoT Platform service in various projects across Singapore, Indonesia and Malaysia. Please visit the Sindcon website to learn more, www.sindcon.com.sg.
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. Semtech 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 include, but are not limited to: future responses to and effects of the ongoing COVID-19 pandemic or other similar crises; export restrictions and laws affecting Semtech Corporation’s trade and investments, and tariffs or the occurrence of trade wars; worldwide economic and political disruptions, including as a result of inflation and 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 subsidiaries.
