Semtech’s LoRa® Technology Enables Goldcard to Achieve Smart Utility Management

Utility providers deploying Goldcard’s LoRa-based solutions have seen
an estimated up to 25% in savings

CAMARILLO, Calif.–(BUSINESS WIRE)–Semtech
Corporation
(Nasdaq: SMTC),
a leading supplier of high performance analog and mixed-signal
semiconductors and advanced algorithms, announced that Goldcard
Smart Group Co., Ltd. (Goldcard)
, a Chinese provider of leading
smart public utility solutions, has incorporated Semtech’s LoRa®
devices and wireless radio frequency technology (LoRa Technology)

into its smart gas metering products to help public utility companies
improve efficiency and reduce management costs.


“Goldcard chose Semtech’s LoRa Technology due to its unique advantages
for smart utilities, ability to simplify deployment and accelerate
products to market,” said Ma Libo, Product Director of the Overseas
Business Division of Goldcard. “Since implementing LoRa Technology into
our smart gas metering solutions, utility providers have seen a marked
reduction of waste with an estimated up to 25% in savings. As a global
leader in smart gas meters with the largest market share in China’s gas
metering market, Goldcard is committed to providing solutions for gas
companies to achieve successful and efficient operational management.”

Goldcard’s LoRa-based smart gas metering solutions are equipped with an
intelligent controller and LoRaWAN®-based communication module. The
metering solution utilizes LoRa Technology’s proven long-range platform
to connect to the Cloud and monitor gas consumption data, battery charge
status and valve status. Data from the meter is accessible from
Goldcard’s Cloud-based connection management platform, which parses the
data packet, completes the settlement and forwards the accurate
information to the utility provider for more efficient billing of their
customers. Goldcard’s LoRa-based solutions are available now for public
utilities management in China and abroad.

“Semtech’s LoRa Technology is ideally suited for the smart meter
industry, providing long range, easy-to-deploy and flexible
capabilities,” said Marc Pegulu, Vice President of IoT in Semtech’s
Wireless and Sensing Products Group. “LoRa Technology is a proven leader
in the smart metering application industry, creating scalable, secure
and reliable solutions to help companies like Goldcard better create
more efficient metering solutions to reduce waste and utility spending.”

About Semtech’s LoRa® Devices and Wireless RF Technology

Semtech’s LoRa devices and wireless radio frequency technology is a
widely adopted long-range, low-power solution 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 Goldcard

As a leading provider of intelligent public utility solutions, Goldcard
Smart Group Co., Ltd. has utilized LoRa Technology for smart utility
management since 2014. Goldcard has long-term strategic cooperation with
major Chinese and overseas gas companies, such as China’s Guizhou Gas,
Honghua Gas and Kunlun Gas. In recent years, Goldcard has continuously
worked to develop its overseas smart utility market, and promote the
global growth of LoRaWAN smart metering solutions. For more information,
visit http://www.china-goldcard.com/wapen.php.

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.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical
fact, including statements that use the words “committed to,” “ideally,”
“to create,” “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, LoRa and LoRaWAN are registered trademarks
or service marks of Semtech Corporation or its affiliates.

SMTC-P

Contacts

Ronda Grech
Semtech Corporation
(805) 250-1263
rgrech@semtech.com

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