by Jonathan Yaniv | April 12, 2017 12:00 pm
CAMARILLO, Calif., April 13, 2017 (GLOBE NEWSWIRE) — Semtech Corporation (Nasdaq:SMTC), a leading supplier of analog and mixed-signal semiconductors, announced Butano24, a Spanish company delivering IoT devices that provide valuable data to energy and utility companies, successfully integrated LoRa® RF Technology in its gas level measurement application to intelligently monitor tank levels.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/63225ab5-55b4-44a8-a687-67748721d880
The Butano24 smart gas bottle sensor uses an ultrasound solution to measure the gas level without requiring any modification or invasion of the bottle. If the level is low, a request for refill can be automatically triggered. This IoT solution helps distributors analyze the buying and consumption patterns of users, leading to a more efficient gas delivery mechanism that will give users more control over their orders. The solution also provides the distribution company with increased operational cost savings by ensuring inventory is on-hand and closely tracked at the right times.
Semtech’s low-power LoRa Technology allows the solution to run on batteries for over 10 years while automating data transmission and enabling Cloud storage for real-time information and data monitoring. LoRa Technology is especially effective in sensor-based applications due to its low-power battery operation and long-distance communication capability in regional, national and global LoRaWAN networks.
“LoRa Technology is a key platform in our solution, which streamlines tank level monitoring operations,” said Antonio Martín, Co-founder and Chief Executive Officer of Butano24. “LoRa Technology’s long-range, low-power connectivity is ideal for logistics applications and provides us with a robust, accurate solution that our customers need.”
“With its low-power, long-range capability, LoRa Technology is optimal for the logistics and supply chain industry,” said Mike Wong, Vice President of Marketing for Semtech’s Wireless and Sensing Products Group. “We believe LoRa Technology can drive innovation in the IoT industry for both B2B and B2C markets.”
The Butano 24 Smart Sensor is planned for production during the last quarter of 2017 and can be adapted to measure other liquids, fluids, liquefied gas or combustibles in portable or fixed vessels.
Key Features of LoRa Technology:
Butano 24 is a commercial name that belongs to Serviglp Sl which provides services to GLP distributers by capturing and processing bottled Glp client’s orders and sending them via Internet to the logistic delivery chain. The company also develops IoT devices to automatize and facilitate the relation between energy and utility suppliers and its clients.
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors 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,” “leading to,” “is expected to,” “designed to,” “could,” 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.
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CONTACT: Contact: Ronda Grech Semtech Corporation (805) 480-2193 [email protected]
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