Semtech's (SMTC) LoRa-Based Solution To Reduce Energy Waste
Zacks Investment Research | Jan 12, 2020 08:42PM ET
Semtech Corporation (NASDAQ:SMTC) recently announced that Elmeasure India Pvt. Ltd. (Elmeasure) and ClodPi Labs (ClodPi) have jointly developed a new LoRa-based prepaid energy metering solution.
These new LoRa-based prepaid smart meters report energy usage data in real time. The users can receive alerts through email or text message about varied problems, including rate spikes or any occurrence of meter tampering. This helps customers to keep a track on energy usage and thereby reduce operating costs.
These smart meters enable customers to manage multiple meter solutions, including water and gas, under the same platform for aggregate viewing and management.
The LoRa Technology enables long-range connectivity of Internet of Things (IoT) devices and aids in connecting sensors to the cloud. Its long-range performance and low power consumption requirement enhance the overall performance of smart meters. Moreover, this technology helps in real-time communication of data and analytics to enhance efficiency as well as productivity.
Consequently, this move is likely to boost the adoption rate of the company’s LoRa technology in the smart water meter market, which in turn will drive the top line.
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