Semtech

Dryad Networks Selects EchoStar Mobile Satellite IoT Solution for Fire Prevention Service

Retrieved on: 
Thursday, February 22, 2024

MILTON KEYNES, United Kingdom, Feb. 22, 2024 /PRNewswire/ -- Today, EchoStar Mobile Limited, an EchoStar (Nasdaq: SATS) company, announced that Dryad Networks has made an initial purchase of 3,000 EM2050 LoRaWAN® modules and related connectivity services. The modules, powered by Semtech's ultra-low power LR1120 device, will provide embedded LoRaWAN satellite IoT capabilities for the Dryad Silvanet Gateways. Dryad's Silvanet Suite of groundbreaking end-to-end wildfire detection technology is already deployed in 25 countries by a wide range of public and private sector organizations.

Key Points: 
  • The modules, powered by Semtech's ultra-low power LR1120 device, will provide embedded LoRaWAN satellite IoT capabilities for the Dryad Silvanet Gateways.
  • "Each year, wildfires are responsible for 20% of global CO2  emissions and cause $140 billion of financial damages ," said Carsten Brinkschulte, CEO and Co-founder of Dryad Networks.
  • Prior to working with EchoStar Mobile, Dryad relied primarily on terrestrial connectivity with limited support for satellite communications.
  • We are enthusiastic about the outcome of this collaboration with EchoStar Mobile and believe the enablement of satellite technology for IoT leveraging LoRa® and LR-FHSS is just the beginning of a groundbreaking and transformative journey."

BlackBerry Appoints Philip Brace to its Board of Directors

Retrieved on: 
Thursday, February 8, 2024

WATERLOO, ON, Feb. 8, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced today that it has appointed IoT technology veteran Philip Brace to its board of directors, effective February 8, 2024.  Mr. Brace will serve as a member of the Compensation, Nomination and Governance Committee of the Board. 

Key Points: 
  • WATERLOO, ON, Feb. 8, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced today that it has appointed IoT technology veteran Philip Brace to its board of directors, effective February 8, 2024.
  • "We are delighted to welcome Phil to the BlackBerry board," said Dick Lynch, Board Chair.
  • Mr. Brace added, "I'm excited to join the BlackBerry Board of Directors at such a pivotal time in the Company's history.
  • Following the appointment of Mr. Brace and the resignation of Mr. Watsa, the Board will have 7 members, 6 of whom are independent directors.

Velos IoT Group: Appointment of New CEO

Retrieved on: 
Friday, February 2, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240202842040/en/
    Colin Chew CEO Velos IoT (Photo: Business Wire)
    Succeeding Graeme Millar, Colin steps into the role during a period marked by significant milestones under Graeme's leadership, including the carve-out from JT and the acquisitions of TopConnect and NextM2M.
  • This leadership transition reflects the Board's ongoing strategic plan for Velos, underscoring its commitment to growth and leadership in the IoT domain.
  • Phil Male, Chair of Velos, commented on the leadership change:
    “The Board acknowledges Graeme’s contributions during his tenure as CEO and wishes him every success in the future.
  • His expertise and visionary leadership are key to advancing Velos as a trailblazer in the IoT market.

Blues Hires New Executive to Support Customer and Partner Growth

Retrieved on: 
Tuesday, January 23, 2024

MANCHESTER, Mass., Jan. 23, 2024 /PRNewswire/ -- Blues, a leader in IIoT technology enabling global connectivity solutions, today announced Alistair Fulton as its new Chief Operating Officer (COO) and Vice President (VP) of Ecosystem. In his role, Fulton will oversee the continued evolution of Blues' go-to-market strategy in the global IIoT market, as well as facilitate the ongoing growth of the company's customer and partnership ecosystem. 

Key Points: 
  • In his role, Fulton will oversee the continued evolution of Blues' go-to-market strategy in the global IIoT market, as well as facilitate the ongoing growth of the company's customer and partnership ecosystem.
  • "Alistair's appointment is a natural next step for Blues.
  • The IIoT market is fragmented by nature, comprised of use cases and customer challenges that span every industry and part of the supply chain," said Jim Hassman, President and Chief Revenue Officer at Blues.
  • For more information about how Blues helps companies transform stagnant, physical products into intelligent, data-driven devices, please visit https://blues.io/ .

Infleqtion Fuels 2024 Execution with Strategic Leadership Moves

Retrieved on: 
Monday, January 8, 2024

AUSTIN, Texas, Jan. 8, 2024 /PRNewswire/ -- Infleqtion, the world's leading quantum information company, today announced the addition of six industry luminaries to its Board of Directors, Advisory Board, and leadership team. Infleqtion is at the forefront of commercializing quantum technology building on multiple product introductions and partnerships in 2023, including the selection of the company's neutral atom platform for Japan's Quantum Moonshot program, the launch of Oqtant, the world's first quantum matter service, selection for new optical atomic clocks in the United Kingdom, and the demonstration of advanced quantum RF capability and interoperability. The company is gearing up for an exciting 2024, bringing the power of quantum to life with sensing, communication, and computing solutions for key markets in healthcare, financial services, defense, and communications.

Key Points: 
  • Infleqtion CEO Scott Faris and other company leaders will share details of Infleqtion's 2024 roadmap and growth plans in its first-ever industry webinar on February 8, 2024, at 10:00 a.m. Central Time.
  • Her leadership, strategy, and business acumen will help guide Infleqtion through the next phase of growth.
  • Infleqtion has ambitious 2024 growth plans to exceed 2023 record bookings, deliver groundbreaking technology solutions, and reach new customers and end markets.
  • Register here for the February 8, 2024 webinar to learn about Infleqtion's view of the future of quantum and industry solutions coming to market in 2024.

LoRa Alliance® Announces IEC and CEN Standards Validate LoRaWAN for Smart Metering; Builds on Earlier OMS Group and DLMS-UA Adoption

Retrieved on: 
Wednesday, November 15, 2023

FREMONT, Calif., Nov. 15, 2023 (GLOBE NEWSWIRE) -- The LoRa Alliance®, the global association of companies backing the open LoRaWAN® standard for internet of things (IoT) low-power wide-area networks (LPWANs), today provided multiple updates on the rapid deployment of LoRaWAN as a standard for the utilities market. Notably, the European Committee of Normalization (CEN) and the International Electrotechnical Commission (IEC) recently validated LoRaWAN for smart metering. The latest LoRaWAN advancements for utilities will be featured at the upcoming Enlit conference, where the LoRa Alliance will be joined by 9 member companies in Hall 7.2, Stand F.150 at the Paris Expo Porte de Versailles from Nov. 28-30, 2023. An additional 29 LoRa Alliance member companies will also have their own booths on the show floor.

Key Points: 
  • Notably, the European Committee of Normalization (CEN) and the International Electrotechnical Commission (IEC) recently validated LoRaWAN for smart metering.
  • Additionally, CEN standardized the M-Bus adaptation layer for LPWAN especially M-Bus over LoRaWAN and IEC standardized the DLMS profile for LPWAN, in particular LoRaWAN.
  • This part of IEC 62056 describes the use of DLMS®/COSEM for Low-Power Wide Area Networks (LPWANs) and in particular LoRaWAN.
  • Netvox will present its Energy Meter for LoRaWAN, Smart Circuit Breaker for LoRaWAN, and LoRaWAN sensors powered by renewable energy that enable energy management, savings and sustainability.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Semtech Corporation (SMTC)

Retrieved on: 
Thursday, November 9, 2023

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Semtech Corporation ("Semtech") (NASDAQ: SMTC) concerning possible violations of federal securities laws.

Key Points: 
  • NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Semtech Corporation ("Semtech") (NASDAQ: SMTC) concerning possible violations of federal securities laws.
  • Following this news, Semtech’s stock price fell by $12.54 per share, or approximately 27% to close at $33.65 per share.
  • Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients.
  • For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

Semtech Announces Third Quarter of Fiscal Year 2024 Results

Retrieved on: 
Wednesday, December 6, 2023

The Company expects the variability of the above charges to have a potentially significant impact on its GAAP financial results.

Key Points: 
  • The Company expects the variability of the above charges to have a potentially significant impact on its GAAP financial results.
  • Semtech will be hosting a conference call today to discuss its third fiscal quarter 2024 results at 2:00 p.m. Pacific time.
  • To provide additional insight into the Company's fourth quarter outlook, this release also includes a presentation of forward-looking non-GAAP financial measures.
  • For fiscal year 2024, the Company's projected non-GAAP normalized tax rate is 12% and will be applied to each quarter of fiscal year 2024.

Semtech Adds Experienced Finance Leader to Board of Directors

Retrieved on: 
Monday, December 4, 2023

Ms. Ruehl has extensive experience as a CFO and across multiple industries including specialty finance, consumer products, electronics manufacturing services, digital engineering services and ecommerce.

Key Points: 
  • Ms. Ruehl has extensive experience as a CFO and across multiple industries including specialty finance, consumer products, electronics manufacturing services, digital engineering services and ecommerce.
  • "We are excited to appoint Julie to our board of directors,” said Rockell N. Hankin, Chairman of the Board.
  • The appointment of Ms. Ruehl comes after the July appointment of Dr. Hong Hou to the board of directors.
  • With this latest appointment, the number of directors on Semtech’s board will now be 12.

The Global Cellular Router and Gateway Market Report, 7th Edition: Insights from 30 Executive Interviews with Market-Leading Companies - ResearchAndMarkets.com

Retrieved on: 
Monday, November 27, 2023

The "Global Cellular Router and Gateway Market - 7th Edition" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Cellular Router and Gateway Market - 7th Edition" report has been added to ResearchAndMarkets.com's offering.
  • The Global Cellular Router and Gateway Market analyses the latest developments on the cellular router, gateway and modem market.
  • The cellular router and gateway market is driven by the growing need to connect assets and work forces in remote and temporary locations as enterprises digitalise their operations.
  • The cellular router and gateway market to reach US$ 2.5 billion in 2027
    Other vendors with significant presence on the cellular router and gateway market are Hongdian, Peplink, InHand Networks, Four-Faith and HMS Networks.