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Semtech Joins CABA to Advance LoRaŽ-based Solutions in Smart Homes and Buildings
LoRa Technology creates IoT solutions that help reduce costs from appliance use to outdoor monitoring
CAMARILLO, Calif., May 23, 2019 ― 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 LoRaŽ devices and wireless radio frequency technology (LoRa Technology) for Internet of Things (IoT) to CABA’s extensive portfolio of smart home and building technologies.
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.
About Semtech’s LoRaŽ 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 LoRaWANŽ 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/
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.
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