Semtech’s LoRa® Technology Enables Goldcard to Achieve Smart Utility Management
May 09 2019 - 7:00AM
Business Wire
Utility providers deploying Goldcard’s
LoRa-based solutions have seen an estimated up to 25% in
savings
Semtech Corporation (Nasdaq: SMTC), a leading supplier of
high performance analog and mixed-signal semiconductors and
advanced algorithms, announced that Goldcard Smart Group Co.,
Ltd. (Goldcard), a Chinese provider of leading smart public utility
solutions, has incorporated Semtech’s LoRa® devices and wireless
radio frequency technology (LoRa Technology) into its smart gas
metering products to help public utility companies improve
efficiency and reduce management costs.
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LoRa and Goldcard (Photo: Business
Wire)
"Goldcard chose Semtech’s LoRa Technology due to its unique
advantages for smart utilities, ability to simplify deployment and
accelerate products to market,” said Ma Libo, Product Director of
the Overseas Business Division of Goldcard. “Since implementing
LoRa Technology into our smart gas metering solutions, utility
providers have seen a marked reduction of waste with an estimated
up to 25% in savings. As a global leader in smart gas meters with
the largest market share in China’s gas metering market, Goldcard
is committed to providing solutions for gas companies to achieve
successful and efficient operational management.”
Goldcard's LoRa-based smart gas metering solutions are equipped
with an intelligent controller and LoRaWAN®-based communication
module. The metering solution utilizes LoRa Technology’s proven
long-range platform to connect to the Cloud and monitor gas
consumption data, battery charge status and valve status. Data from
the meter is accessible from Goldcard’s Cloud-based connection
management platform, which parses the data packet, completes the
settlement and forwards the accurate information to the utility
provider for more efficient billing of their customers. Goldcard’s
LoRa-based solutions are available now for public utilities
management in China and abroad.
“Semtech’s LoRa Technology is ideally suited for the smart meter
industry, providing long range, easy-to-deploy and flexible
capabilities,” said Marc Pegulu, Vice President of IoT in Semtech’s
Wireless and Sensing Products Group. “LoRa Technology is a proven
leader in the smart metering application industry, creating
scalable, secure and reliable solutions to help companies like
Goldcard better create more efficient metering solutions to reduce
waste and utility spending."
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 Goldcard
As a leading provider of intelligent public utility solutions,
Goldcard Smart Group Co., Ltd. has utilized LoRa Technology for
smart utility management since 2014. Goldcard has long-term
strategic cooperation with major Chinese and overseas gas
companies, such as China's Guizhou Gas, Honghua Gas and Kunlun Gas.
In recent years, Goldcard has continuously worked to develop its
overseas smart utility market, and promote the global growth of
LoRaWAN smart metering solutions. For more information, visit
http://www.china-goldcard.com/wapen.php.
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 “committed
to,” “ideally,” “to create,” “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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Ronda GrechSemtech Corporation(805)
250-1263rgrech@semtech.com
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