CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, Wilhelmsen and The Things Industries (TTI) announced its partnership to leverage Semtech’s LoRa® devices to help deliver cost-effective, robust and proven IoT solutions to the maritime shipping industry.
Wilhelmsen, a global maritime industry group founded in 1861 and a maritime market leader, has partnered with TTI and selected Semtech’s LoRa devices as the foundation for its new global 2.4GHz maritime IoT network to deliver an ecosystem of cost-effective, robust and proven IoT solutions for its diverse global customer base at “land and sea.” The global maritime shipping industry is expected to register a CAGR of 16.82% during the forecast period 2019-2024. With this expected market growth, Wilhelmsen is deploying the new LoRa-based connectivity in its own operations to improve efficiencies and will also offer its customers proven, connected IoT solutions. Wilhelmsen serves 20,000 vessels out of 2,200 ports in some 70 countries and handles more than 220,000 product deliveries per year.
“We have evaluated wireless solutions for decades to deliver efficiencies at land and sea. The technology solution of choice needed key capabilities to revolutionize our strategy – long range, low power and a strong, open ecosystem,” said Jon Helge Ulstein, Senior Project Manager at Wilhelmsen. “This new system is expected to benefit our customers immediately and is a step towards autonomous vessels and industry 4.0. Spearheaded by Wilhelmsen’s ship management division, this new IoT platform will be utilized to deliver, among other things, digital condition monitoring, asset tracking and logistical applications. This goes hand in hand with the group’s onboard app store project, ShipOS, headed by RaaLabs.”
Traditionally, sensor data on ships is carried through wired systems, or managed via periodic manual readings. However, LoRa-based wireless sensors can monitor many variables, including condition of machinery, fuel efficiency, environmental metrics, and cargo, and this data is used to conduct preventive maintenance. An established tool in the onshore manufacturing sector, predictive maintenance decreases the risk of vessel idle time due to repair or incidents. In addition, the system can optimize the performance of processes, reducing manpower, waste, and cost. Wilhelmsen chose TTI to develop its IoT platform which allows Wilhelmsen to tap into an existing global ecosystem of vendors and service providers, providing access to a marketplace of certified sensors, hardware designers, systems integrators, and application developers.
“We are excited to be a partner in this important project and we are looking forward to working with the broader LoRaWAN® ecosystem to make this a success for Wilhelmsen and the maritime industry,” said Wienke Giezeman, CEO of The Things Industries.
“Wilhelmsen’s rich history of industry expertise and innovation, combined with Semtech’s proven LoRa devices, offers its customers a flexible ecosystem to deliver robust and cost-effective IoT solutions to transform the maritime industry,” said Marc Pegulu, Vice President of Semtech’s Sensing Products Group. “Our work with Wilhelmsen showcases the flexible, proven and scalable capabilities of LoRa in a variety of industries and verticals.”
Visit the Semtech website to learn more about LoRa.
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.
Wilhelmsen is a global maritime industry group founded in 1861. The Company has the biggest maritime network in the world, with a presence in over 2,200 locations globally. Wilhelmsen serves over half of the worldwide merchant fleet with products and services, and supply crew and technical management for some of the most complex vessels in the world. For more information, visit www.wilhelmsen.com.
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 “to deliver,” “expected,” “will,” “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 and LoRa are registered trademarks or service marks of Semtech Corporation or its affiliates.