Press release

Semtech’s LoRa® Technology Enabling Innovative Asset Tracking Solutions in Aerospace Manufacturing

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Semtech
Corporation
 (Nasdaq: SMTC), a leading supplier of high performance
analog and mixed-signal semiconductors and advanced algorithms,
announced that Ineo-Sense,
a developer of intelligent and autonomous sensors for Internet of Things
(IoT) applications, has integrated Semtech’s LoRa®
devices and wireless radio frequency technology (LoRa Technology)

into its “Clover-Core” series of sensor products for smart asset
tracking in manufacturing settings.

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https://www.businesswire.com/news/home/20190411005138/en/

LoRa Enabling Innovative Asset Tracking Solutions in Aerospace Manufacturing (Graphic: Business Wire ...

LoRa Enabling Innovative Asset Tracking Solutions in Aerospace Manufacturing (Graphic: Business Wire)

“Semtech’s LoRa Technology allows production managers and engineers to
remotely monitor the use, status, functionality, and location of
expensive manufacturing assets in real-time,” said Olivier Guilbaud,
Founder and CEO of Ineo-Sense. “Previously, there was no way to
effectively do this in a manufacturing setting, leaving companies to
track assets themselves at facilities which can often be over 100,000
sq. ft. in area. With the help of our LoRa-based sensors, they are now
able to do this remotely and accurately without the risk of a costly
human error, resulting in a large drop in cost of energy and time, as
well as operational cost for the facility.”

Ineo-Sense has signed a major contract with Lauak
Group
, a leader in the manufacture of parts and sub-assemblies for
the aerospace industry in France. The contract calls for 14,000
Ineo-Sense’s LoRa-enabled asset tracking sensors to one of Lauak’s
assembly sites in France. The sensors will be integrated in fourteen
thousand of Lauak’s manufacturing containers for accurate monitoring of
the parts, which are constantly in transit throughout the large
manufacturing facilities. Following this private network deployment
based on the LoRaWAN™ protocol, the asset tracking solution will be
expanded to Portugal, where Lauak Group has a 100,000 sq. ft. plant. As
a result of the sensor network’s benefits, Lauak Group is expecting up
to 20% of a reduction in its production lead time.

“Ineo-Sense recognized the benefits and opportunities of creating its
sensor products with LoRa Technology, since it offers proven reliability
with flexible, long range capabilities,” said Marc Pegulu, Vice
President of IoT for Semtech’s Wireless and Sensing Products Group.
“According to industry research, the asset tracking market is expected
to grow 27.1 billion by 2023
and LoRa is positioned to be the ideal
platform for this industry. Tracking crucial asset data and diagnostics
across entire grids, fleets and networks is simple with a LoRaWAN-based
network infrastructure that is scalable and easy to deploy.”

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 Ineo-Sense

Ineo-Sense designs, develops and markets intelligent and autonomous
sensors for the industry to fully exploit the potential of the Internet
of Things. Its solutions make it possible to answer essential problems
on the main industrial sectors (production, logistics…): asset
tracking,
security, data collection related to energy use. All of
Ineo-Sense’s solutions embrace the “Clover-Core” breakthrough technology
which collects relevant data in real time, making it easier for
companies to make decisions and improve their production processes. A
pioneer of IoT since its creation in 2010, Ineo-Sense benefits from a
proven expertise with already 70,000 sensors successfully deployed in
France and internationally. The solutions developed by Ineo-Sense are
based on its embedded technology platform for the realization of high
added-value industrial connected objects, combined with recognized
expertise around LPWAN low power and long-range radio networks. For more
information, visit www.ineo-sense.com.

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,” “is expecting,”
“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 and LoRa are registered trademarks or service
marks, and LoRaWAN is a trademark or service mark, of Semtech
Corporation or its affiliates.

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