Semtech’s LoRa® Devices Enable AMI Metering Applications for Smarter Utility Management
CAMARILLO, Calif.--(BUSINESS WIRE)--Nov 6, 2019--
Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that NSOFT, a leading Indian provider of automation and metering solutions for distribution utilities, has developed a new smart metering platform based on Semtech’s LoRa® devices and the LoRaWAN® protocol. The meters leverage LoRa devices’ capabilities for long range, reliable data transfer and low power operation to provide utility networks with accurate real-time consumption data. In addition, NSOFT’s “Smart Read” family of modules use LoRa devices to seamlessly convert older solutions to Advanced Metering Infrastructure (AMI). This brings additional benefits to the customer, including reduced waste and cost, and increased efficiency for the grid.
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LoRa and NSOFT (Graphic: Business Wire)
“Semtech’s LoRa devices and the LoRaWAN protocol are truly a trailblazing platform for long range communication and the transfer of data in the M2M and Internet of Things (IoT) context,” said Dr. Naagaraj Subramanya, Managing Director at NSOFT. “Our LoRa-based metering applications help build utility networks cost effectively and securely, while using low power to create solutions that operate reliably in challenging environments. We expect LoRa-based solutions to continue to play a large role in the Indian smart metering marketplace as these solutions help provide a quicker return on investment (ROI). With our leading applications, NSOFT customers typically improve their grid efficiency up to 25 percent.”
NSOFT’s LoRa-based solutions include metering applications for electricity, water and gas utilities. As the utility market continues to grow and advance, utility providers require increasingly flexible solutions to record and transmit accurate usage data. AMI, or smart meters, are one critical application for a creating a more efficient grid. LoRa-based AMI meters enable the long range, bi-directional transfer of data, creating an efficient method of meter reading and eliminating costly manual processes. Utility providers leverage third-party applications to track trends and prevent leaks in the utility grid, increasing efficiency, cost savings and sustainability.
“NSOFT’s smart meters use LoRa devices’ proven feature set for the utilities vertical market to present utility providers and customers with accurate and reliable usage data for improved efficiency,” said Rémi Demerlé, Director of Vertical Marketing for Utilities in Semtech’s Wireless and Sensing Products Group. “LoRa devices and the LoRaWAN protocol are the de facto choice for LPWAN-based IoT applications. Experts predict a significant portion of smart meters deployed by utilities will utilize LPWAN connectivity by 2026, and LoRaWAN is well positioned to lead in this space.”
About Semtech’s LoRa® Devices
Semtech’s LoRa devices are widely adopted long-range, low-power solutions 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.
NSOFT is a leading provider of automation and smart metering/AMI solutions for distribution utilities. Products include smart meter modules to implement Automatic Metering Infrastructure (AMI), and automation solutions in the area of billing and receivables management that help utilities maximize revenue and profits. NSOFT handles more than 15 million consumers and Rs 10,000 crores of annual billing across 8 utilities. Established in 1996, NSOFT is a fast growing team of over 3000 people. Metering expertise has been diligently built over the past two decades. NSOFT’s robust and mature internal processes and systems handle the scale, size and geographic spread of large utilities. Its technological capabilities in research and development work straddles software, hardware, communications, thus allowing us to come out with innovative disruptive products and solutions. NSOFT is ISO 9001:2015, ISO 27000:2013, ISO 20000-1:2011 and CMMI Level 3 certified and believe in continuous improvement, innovation and growth. For more information, visit https://www.nsoft.in/
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 “expect,” “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 of Semtech Corporation or its affiliates.
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CONTACT: Ronda Grech
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: SEMICONDUCTOR TECHNOLOGY UTILITIES TELECOMMUNICATIONS ENERGY HARDWARE
SOURCE: Semtech Corporation
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PUB: 11/06/2019 08:00 AM/DISC: 11/06/2019 08:01 AM