Town of Cary, NC Deploys Technology Solutions from SAS and Semtech to Improve Its Community Services

Rhea-AI Summary

Semtech Corporation (SMTC) has partnered with SAS and the Town of Cary, North Carolina, to enhance community services through IoT technology. This collaboration will focus on a Center of Excellence aimed at developing edge-to-cloud solutions to monitor floods and address sustainability challenges. Prior projects between SAS and Cary have already won multiple smart city innovation awards. The partnership leverages LoRaWAN connectivity and SAS’s analytical capabilities to provide real-time data insights, highlighting the importance of IoT in improving municipal services.

Positive

• Collaboration with SAS and the Town of Cary aims to improve community service delivery.
• Focus on developing a Center of Excellence for edge-to-cloud IoT solutions.
• Previous collaborations have garnered multiple smart city innovation awards.
• Leverages LoRaWAN technology to enhance flood monitoring capabilities.

Negative

• None.

By leveraging LoRaWAN® connectivity and the data analytics from SAS, the Town of Cary will be able to better monitor floods and provide additional community services to its citizens

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced its collaboration with SAS and the Town of Cary, North Carolina. Improving the overall quality of life for its citizens is the primary mission of the Town of Cary, all while faced with the challenge of minimizing environmental footprint, and reducing waste.

By leveraging LoRaWAN® connectivity and SAS’ data analytics, the Town of Cary will be able to better monitor floods and provide additional community services to its citizens (Graphic: Business Wire)

The Town of Cary, SAS Institute and Semtech are coming together to build a unique Center of Excellence focused on technology solutions that will positively impact the lives of Cary’s citizens. Through the collaboration, the Town and two companies will facilitate the development and deployment of edge-to-Cloud Internet of Things (IoT) solutions, solve real world challenges and make Cary the benchmark for other municipalities to replicate.

A previous SAS and Cary IoT collaboration to address stormwater flood alerting has already received multiple smart city innovation awards, including the 2020 IDC Smart Cities North American Awards (Smart Water Category) and the 2020 Government Innovation Award (Leveraging IoT for Increased Flood Protection). According to NEEF, a majority of U.S. coastal areas will likely to be threatened by 30+ flooding days each year. With more floods happening each year and factors influencing climate change, technology can help mitigate and solve these environmental challenges.

"This partnership represents an exciting new chapter in our IoT journey," said Nicole Raimundo, chief information officer at the Town of Cary. "We see so much potential for community-focused solutions in this collaboration with Semtech and SAS. We believe that IoT technology has amazing potential to streamline services, making us more agile and responsive. It will help us continue to meet citizen needs in surprising new ways, and we're honored by these companies' commitment to improving lives through innovation in the government space."

IoT solutions powered by SAS, built on Microsoft Azure, provide real-time insights into data and analytics generated across multiple use cases that help solve specific challenges and offer an interconnected world with better ways to monitor and safeguard communities, people and resources.

“IoT is forcing a fundamental shift of business and operational strategies as organizations adopt new models for agile IT, edge analytics and platform-based security,” said Jason Mann, vice president of IoT at SAS. “The Town of Cary adopting SAS and Semtech solutions will expand their current services while building a digital infrastructure to better meet the needs of their citizens.”

The end-to-end solutions, incorporating LoRaWAN® connectivity with the industry leading SAS IoT analytics platform, will simplify the development of IoT solutions that are focused on solving some of the biggest challenges facing the world today: natural disasters, hunger and sustainability.

“The Center of Excellence will be a leading example of how cities and towns in the U.S. can leverage IoT data and analytics for a smarter, safer planet. In addition, deploying these IoT solutions will create better community services for their residents,” said Alistair Fulton, vice president and general manager of Semtech’s Wireless and Sensing Products Group.

To learn more about the Town of Cary, visit 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 provide 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 100 countries. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.

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.

SMTC-P

View source version on businesswire.com: https://www.businesswire.com/news/home/20211117005424/en/

Linh Dinh

Semtech Corporation

(805) 250-1263

ldinh@semtech.com

Trent Smith

SAS

Trent.Smith@sas.com

(919) 368-0102

Nicole Raimundo

Town of Cary

(919) 469-4027

nicole.raimundo@townofcary.org

Source: Semtech Corporation

FAQ

What is the collaboration between Semtech and the Town of Cary about?

It's aimed at enhancing community services using IoT technology through a Center of Excellence.

What technology is being used in the Town of Cary project?

LoRaWAN connectivity and SAS’s data analytics are being utilized for real-time insights.

What previous awards have been won by the Town of Cary for IoT projects?

Cary has received multiple smart city innovation awards, including the 2020 IDC Smart Cities North American Award.

How does this partnership impact Semtech's stock (SMTC)?

The collaboration may position SMTC favorably in the growing IoT market, potentially impacting shareholder value positively.