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LoRaWAN™ IoT Network Deployed Nationwide in South Korea by SK Telecom Covers 99 Percent of Population

CAMARILLO, Calif., July 12, 2016 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq:SMTC), a leading supplier of analog and mixed-signal semiconductors, announced today that its LoRa® wireless RF technology is featured in a nationwide low power, wide area network (LPWAN) deployed across South Korea by telecommunications operator SK Telecom. SK Telecom unveiled last week that its LPWAN geared toward Internet of Things (IoT) applications was completed six months ahead of schedule. In addition, SK Telecom announced plans to provide 100,000 free LoRa modules as part of its ‘Partner Hub Program’ in order to scale development and deployment of LoRa-based IoT solutions.

LoRaWAN™ IoT Network Deployed Nationwide in South Korea by SK Telecom Covers 99 Percent of Population


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/11c4bb7b-f438-4b0c-af40-70aaff930b01

Enabled by Semtech’s LoRa technology, which allows a sensor network to operate on low power while providing strong connectivity over a long distance, the SK Telecom LPWAN covers 99 percent of South Korea’s population. The company predicts that it will have over four million things connected to its IoT networks by the end of 2017.

The LoRaWAN™ technology platform based on Semtech’s LoRa two-way wireless RF technology is a comprehensive solution for low power, long-range connectivity, which is essential for LPWANs supporting IoT applications. It offers deep penetrability, secure connectivity, long battery lifetime and streamlined implementation for simple network rollout, as well as integration into existing infrastructure.

“SK Telecom’s commercial LoRaWAN network deployment demonstrates its commitment to IoT, and we’re excited that Semtech’s LoRa technology is a cornerstone to both the LPWAN and its available IoT services,” said Marc Pegulu, Vice President and General Manager of Semtech’s Wireless and Sensing Product Group. “By utilizing the standardized LoRaWAN specification, SK Telecom is helping ensure interoperability among its network and deployed modules, as well as long range connectivity, compatibility with existing infrastructure and extended battery life, which we believe is essential to help scale IoT adoption.”

The ‘Partner Hub Program’ is geared toward developers, small and medium-sized enterprises and startups interested in deploying IoT solutions. Aiming to invigorate the IoT ecosystem in South Korea, SK Telecom will provide companies in the program training, development and marketing resources needed to scale their solutions through its ‘IoT Open Testbed,’ a creative hub for interested parties to develop, test and receive consulting services for their IoT solutions. The IoT Open Test bed will be located in SK Telecom’s Bundang Building.

“SK Telecom is proud to announce the nationwide deployment of a LoRaWAN-based commercial network as it marks the first important step towards realizing connectivity between infinite number of things, going beyond the traditional role of telecommunications centered on connectivity between people,” said Lee Hyung-hee, President of Mobile Network Business at SK Telecom. “Going forward, SK Telecom will develop and offer a wide variety of IoT services designed to offer new value for customers, while working closely with partners including SMEs and startups to vitalize the IoT ecosystem.”

SK Telecom and Semtech are part of the LoRa Alliance, a group of over 300 companies committed to driving and enhancing the LoRaWAN specification to ensure interoperability and scalability of LPWANs and IoT applications. Through its work with member companies and IoT industry groups, it is making LoRaWAN the standard for LPWANs focused on low power, long-range IoT applications. To date, there are LoRaWAN public and private networks in more than 50 countries worldwide.

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About Semtech
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.

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All statements contained herein that are not statements of historical fact, including statements that use the words "enables,” “will,” “offers,” “ensure” 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 (http://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, or trademarks or service marks, of Semtech Corporation and/or its affiliates. Third-party trademarks or service marks mentioned herein are the property of their respective owners.

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Contact: David Guerra Semtech Corporation (805) 480-2184 dguerra@semtech.com

Source:Semtech Corporation