Semtech and YoSmart Deliver Advanced Smart Home Automation Solutions
YoLink solutions offer long range, low power and fail-safe connectivity for a growing product line of smart home and community applications
CAMARILLO, Calif., Aug. 26, 2020 – Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that YoSmart, a high-tech enterprise company focused on smart home and life solutions, has increased registered users and sales by more than 50 percent every month since its November 2019 product release. YoSmart integrates Semtech’s LoRa® devices into its “YoLink” line of Internet of Things (IoT) consumer products for the home.
“Our mission is to help make home life simple for everyone. Semtech’s LoRa devices have allowed us to make innovative and cost-effective products to successfully achieve this goal,” said John Xu, Chief Executive Officer at YoSmart. “Leveraging Semtech’s LoRa technology for our solutions allows us to easily deliver coverage to large houses and backyard applications using a single YoLink Hub. Also, Semtech’s technology can penetrate dense building materials, such as thick concrete walls, metal mailboxes or refrigerators found in many of our customers’ dwellings.”
YoSmart’s portfolio of 20 smart home and community products sold on Amazon and other retail outlets includes a smart leak system, Amazon’s highly-rated and top-selling water leak detector device, smart temperature/humidity sensor, smart door sensor, smart alarm, and a comprehensive smart home starter kit. The family of YoLink solutions enable the unique capability for the devices to communicate with each other offline. With this functionality, downstream devices can reauthenticate and communicate using messages and remote controllers even when disconnected from the YoLink Hub. The dual mode (YoLink + LoRaWAN® protocol) proprietary feature is critical for smart home application deployments during power outages or Wi-Fi service disruption. The YoLink Hub works as transparent connection between sensors and the Cloud, so users can set up automation of the smart sensors between the home, office and other locations throughout a community.
“The array of LoRa-based YoLink smart home automation products are well suited for do-it-yourself projects due to their ease of installation, non-complicated sensor provisioning and the ability for repeat customers to expand their smart home systems over time,” said Marc Pegulu, Vice President of IoT Product Marketing for Semtech’s Wireless and Sensing Products Group. “YoSmart and Semtech have successfully introduced enhanced consumer solutions in the expanding global smart home device market that overcome previous challenges associated with connectivity and interoperability.”
About Semtech’s LoRa® Devices
Semtech’s LoRa devices are a 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 YoSmart
YoSmart Inc. Corporation is a high-tech firm engaged in the research and development, manufacturing, distribution and servicing of smart home devices, with R&D teams located in Irvine, California. Irvine, known for its dynamic and innovative environment and active flow and exchange of ideas among the area's entrepreneurs, is home to a cluster of high-tech sectors including biomedicine, pharmaceuticals, telecommunications, and software. Further information can be found at http://www.yosmart.com/.
About Semtech
Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer 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 “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.
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