Semtech Corporation announced its collaboration with Oxit, a company focused on innovation in Internet of Things (IoT) services through the creation of solutions for a range of smart energy initiatives. Semtech will support the initiatives with its Low Power Wide Area Network (LPWAN) solutions, which will complement Oxit's team of smart utility experts.
The global market valuation for LPWAN is expected to exceed 80 billion by 2027, according to a report by Global Market Insights. As IoT devices become more prevalent, Semtech brings its LPWAN and IoT market into Oxit's new initiatives. "Our collaboration with Oxit on new smart utility initiatives continues to highlight the growth and ongoing value of LPWAN connectivity," said Marc Pégulu, vice president, IoT product marketing and strategy in Semtech's Wireless and Sensing Products Group. "The ability to collect data quickly and seamlessly will usher in a new era of smart gas utilities to continue delivering services safely."
Semtech's LoRa Platform
Semtech's LoRa device-to-Cloud platform is a long range, ultra-low power solution, now adopted globally for IoT applications, enabling rapid development and deployment of low power, cost-effective, wide range IoT networks, gateways, sensors and product modules. Semtech's LoRa devices provide the communication layer for the LoRaWAN standard managed and updated by the LoRa Alliance, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 100 countries. Semtech is a founding member of the LoRa Alliance, which provides high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment markets.
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