Semtech
Corporation (Nasdaq: SMTC), a leading supplier of high performance
analog and mixed-signal semiconductors and advanced algorithms,
announced it has joined the Continental
Automated Buildings Association (CABA), an international non-profit
industry association for the advancement of smart home and building
technologies. In joining the association, Semtech brings its proven LoRa®
devices and wireless radio frequency technology (LoRa Technology)
for Internet of Things (IoT) to CABA’s extensive portfolio of smart home
and building technologies.
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Semtech joins CABA (Graphic: Business Wire)
“Our mission is to enable organizations and individuals to make smarter
decisions about the integration of technology in homes and buildings,”
said Ronald J. Zimmer, President and CEO of CABA. “Semtech’s LoRa
Technology enables the simplification of deployment and acceleration to
market of IoT devices. By joining CABA, Semtech will now have greater
access to members of the smart home and building ecosystem for
collaboration and the proliferation of LoRa-based solutions in this
vertical.”
An organization of over 380 companies and more than 27,000 industry
professionals, CABA specializes in the design, manufacture,
installation, and retailing of home and building automation products.
CABA assists members to increase market share by providing relevant
products and services, such as networking opportunities,
multi-disciplinary partnerships and strategic alliances between CABA
members and external stakeholders.
Statista predict that the smart home market will be worth approximately $40
billion in the U.S. alone by 2020. However, the IoT’s economic
impact on factories, retail settings, work sites, offices, and homes
could total as much as $6.3
trillion by 2025. In addition to hardware in commercial, retail and
industrial buildings, IoT will have a significant effect on building
management software, applications, and services. Semtech’s LoRa
Technology is uniquely equipped to handle the challenges of smart home
and building applications. LoRa-based sensors and gateways deploy
quickly into buildings with minimal additional infrastructure, such as
wiring. LoRa-based solutions scale by the number of devices and can
connect skyscrapers and large campuses, as well as single-family homes.
These devices provide the connectivity to monitor data in real time from
water shut-off to outdoor control and monitoring.
“Semtech’s LoRa Technology enables innovative solutions that are easy to
deploy and scale by number of sensors to connect even the biggest, most
challenging use cases,” said Byron BeMiller, Director of Product
Management for Semtech’s Wireless and Sensing Products Group. “By
joining CABA, Semtech aims to push the continued growth of LoRa
Technology for the smart home and building market, making the technology
more accessible to CABA’s members, including government entities,
utility providers, and system integrators. LoRa-based smart home and
building solutions are proven, providing the data necessary for
customers to experience real ROI.”
About Semtech’s LoRa® Devices and Wireless RF Technology
Semtech’s LoRa devices and wireless radio frequency technology is a
widely adopted long-range, low-power solution for IoT that gives telecom
companies, IoT application makers and system integrators the feature set
necessary to deploy low-cost, interoperable IoT networks, gateways,
sensors, module products, and IoT services worldwide. IoT networks based
on the LoRaWAN® specification have been deployed in 100 countries and
Semtech is a founding member of the LoRa Alliance™, the fastest growing
IoT Alliance for Low Power Wide Area Network applications. To learn more
about how LoRa enables IoT, visit Semtech’s LoRa
site.
About The Continental Automated Buildings Association (CABA)
CABA is an international not-for-profit industry association dedicated
to the advancement of connected home and intelligent building
technologies. The organization is supported by an international
membership of over 380 organizations involved in the design,
manufacture, installation and retailing of products relating to
integrated home and building technology. Public organizations, including
utilities and government organizations are also members. CABA’s mandate
includes providing its members with networking and market research
opportunities. CABA also encourages the development of industry
standards and protocols, and leads cross-industry initiatives. More
information is available at www.CABA.org/
About Semtech
Semtech Corporation is a leading supplier of high performance analog and
mixed-signal semiconductors and advanced algorithms for high-end
consumer, enterprise computing, communications, 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 “will,” “predict,”
“could,” “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
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