Semtech Corporation (Nasdaq: SMTC), a 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.
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.
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.
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 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. For more information, visit www.semtech.com.