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Semtech Supports Development of LoRa®-enabled Applications for Social and Environmental Use Cases
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Semtech Corporation (SMTC), a global supplier of analog and mixed-signal semiconductors, has announced a consulting partnership with former employees Nicolas Sornin and Francois Sforza. The focus will be on developing technical solutions for human safety applications, particularly in positioning and rescue technologies for outdoor environments, in collaboration with the LoRa ecosystem. This strategic move aims to enhance the company's technical capabilities and expand its product offerings in safety technologies.
Positive
Engagement of former employees to enhance technical assistance.
Focus on human safety applications may open new market opportunities.
Negative
None.
CAMARILLO, Calif.--(BUSINESS WIRE)--
Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, has entered into a consulting arrangement with former employee, Nicolas Sornin, to provide Semtech with technical assistance for selected projects. Mr. Sornin, and another former employee, Francois Sforza, will work on use cases for human safety, such as positioning and rescue technologies for mountain outdoor areas, together with the LoRa ecosystem.
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 http://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 “to become,” “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 are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission (www.sec.gov) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” 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, LoRa, and LoRaWAN are registered trademarks or service marks of Semtech Corporation or its affiliates.
