Semtech Corp. announced Tuesday that it had entered into an agreement with Amazon Web Services Inc. to license its LoRa Cloud global navigation satellite system to connect Internet-of-Things enabled devices to the cloud.
The Camarillo semiconductor manufacturer will help the Amazon Web Services (AWS) global developer community build asset tracking and monitoring products using LoRa Edge by integrating it with the AWS Internet-of-Things (IOT) Core platform.
The LoRa Edge device-to-Cloud solution from Semtech is highly versatile with a low power software-defined platform providing indoor and outdoor geolocation capability together with a multi-band LoRa transceiver supporting global terrestrial and satellite LoRaWideAreaNetworks, a release from Semtech said.
The scalable, low power, and cost-effective technology is well suited for many IoT applications such as industrial, building, home, agriculture, transportation and logistics markets, according to a release from Semtech.
Semtech Chief Executive Mohan Maheswaran said the company was excited about the opportunities created by the combination of LoRa Cloud geolocation services with the AWS IoT Core platform.
“This greatly expands the availability of LoRa Cloud geolocation services across the globe, making it easier for developers to build world class asset tracking and monitoring solutions to connect and enable new IoT solutions,” Maheswaran said in a statement. “Delivering seamless and reliable LoRaWAN connectivity at scale is critical in developing a smarter, more sustainable and connected planet.”
Shares in Semtech (SMTC) closed up 17 cents Tuesday, or about 0.6%, to $29.31 on the Nasdaq, on a day when that market closed down a fraction of a percent.