CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that the Metropolitan Government of Seoul, South Korea plans to deploy a new enterprise-grade citywide network for Internet of Things (IoT) applications based on Semtech’s LoRa® devices and the LoRaWAN® protocol. The network is part of a larger plan by the city government to increase its connectivity offerings and create one of the world’s first “hyper-connected cities” by 2022. Also included in this plan is the creation of a public and free-to-use municipal Wi-Fi network, accessible to all from anywhere within the city’s limits.
“LoRaWAN and Wi-Fi cover hundreds of uses cases, many of which are highly complementary to key market segments for the future of city operation,” said Marc Pegulu, Vice President of IoT for Semtech’s Wireless and Sensing Products Group. “Applications leveraging LoRaWAN that make use of the unlicensed spectrum deliver simple, highly efficient, flexible, and secure IoT solutions. These are very important in large cities such as Seoul, where smarter municipal operations save time, resources and money.”
According to the Seoul government, the Smart Seoul Network, or “S-Net,” will provide all citizens with the basic right to Internet access through its deployment of new, ultra-connected smart city infrastructure. Main goals of the S-Net project are the establishment of a municipal broadband network, deployment of free-to-use Wi-Fi networks and increased integration of IoT infrastructure based on LoRa devices. By 2022, the city plans to deploy up to 1,000 LoRaWAN-based gateways to complement the municipal Wi-Fi and provide the foundation for Seoul’s innovative, next-generation smart city applications. The city has announced several of such applications it plans to implement following the network’s completion. These applications include smart parking using IoT sensors to connect city lots, connected street lighting solutions that automatically report to police upon detecting an emergency and a geolocation application using the tracking information of those suffering from dementia and children to keep these citizens safe. Additionally, the city government expects to increase its collection and utilization of urban data to better address the needs of its citizens.
To learn more about Semtech’s LoRa devices, visit the website.
About Semtech’s LoRa® Devices
Semtech’s LoRa devices are widely adopted long-range, low-power solutions 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 Seoul
Often ranked among the world’s most technologically advanced cities, Seoul is a world leader in Internet connectivity, being the capital of South Korea, which has the world's highest fibre-optic broadband penetration and highest global average internet speeds. Since 2015, Seoul has provided free Wi-Fi access in outdoor spaces through a 47.7 billion won ($44 million) project with Internet access at 10,430 parks, streets and other public places. Internet speeds in some apartment buildings reach up to 52.5Gbit/s with assistance from Nokia, and though the average standard consists of 100 Mbit/s services, providers nationwide are increasingly deploying affordable 1Gbit/s connections. In addition, the city is served by the KTX high-speed rail and the Seoul Subway, which provides 4G LTE, Wi-Fi and DMB inside subway cars. For more information on the city and its government, visit http://english.seoul.go.kr/
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.
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All statements contained herein that are not statements of historical fact, including statements that use the words “plans to,” “goals,” “will,” “expects to,” “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.
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