Semtech’s LoRa Technology Enables More Efficient Construction and Mining Machines
April 18 2019 - 8:00AM
Business Wire
LoRa®-based sensors from MachineMax deploy in
less than a minute and provide accurate data to prevent costly
engine idling
Semtech Corporation (Nasdaq: SMTC), a leading supplier of
high performance analog and mixed-signal semiconductors and
advanced algorithms, announced that MachineMax, a leading provider
of smart solutions for fleet management, construction and mining
applications, has integrated Semtech’s LoRa® devices and wireless
radio frequency technology (LoRa Technology) into a new smart
construction machine usage tracking solution.
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Semtech’s LoRa Technology Enables More
Efficient Construction and Mining Machines (Photo: Business
Wire)
“With Semtech’s LoRa Technology, we were able to create simple,
easy to deploy solutions which effectively monitor machine status
from anywhere on a construction or mining site,” said Amit Rai, CEO
at MachineMax. “Real-time data from the sensors is presented to
site managers, offering tangible insight into their fleet’s
efficiency. Managers can use this data to identify problem areas at
their site, and work to reduce machine idling, reducing fuel waste
and maintenance costs.”
Machine idling, where a machine’s engine is running but the
machine is not actively in use, accounts for an estimated 37% of
the time a construction or mining machine is operating on average.
Idling results in an increased amount of fuel waste and machine
wear, without creating productive machine output. Previously,
monitoring the usage status of a mining or construction fleet was
accomplished manually, with site managers continually checking on
the use status of machines, an expensive and time consuming task.
MachineMax developed a LoRa-based solution which can be easily
deployed onto fleet machines in under a minute. The devices attach
magnetically and gather real-time data on machine usage status,
such as whether or not a machine is idle. With real-time data on
when a machine is in use, site managers can make more efficient use
of a machine’s time to prevent idling, reducing the amount of fuel
used and prolonging machine life.
“LoRa Technology enables the capacity to track data and
diagnostics across entire fleets, making it the ideal IoT
technology for MachineMax’s solutions,” said Marc Pegulu, Vice
President of IoT for Semtech’s Wireless and Sensing Products Group.
“MachineMax’s sensors easily deploy in less than a minute,
requiring no external power source or additional infrastructure.
LoRa-based devices offer real-time and reliable data communication,
allowing the end users to analyze their usage trends and make the
changes necessary to save money.”
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 MachineMax
MachineMax is a revolutionary telematics solution for maximizing
the profitability of off-highway fleet. It uses cutting edge
Internet of things (IoT) technologies, cloud computing and machine
learning to help construction and mining companies cut fuel,
maintenance and rental costs, reduce carbon emissions and improve
site's productivity. MachineMax is compatible with all makes and
models, regardless of the machine's age and works on rented and
owned equipment. Installation takes less than a minute thanks to a
unique wireless design. It is IP68 rated and built to stand the
harshest conditions; wherever you are. Backed by industry
heavy-weights including Royal Dutch Shell, Boston Consulting Group
and B Capital, MachineMax is UK-based but serves customers
worldwide. To learn more or organize a free demo, visit:
https://www.machinemax.com/.
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 “can be,”
“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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