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Semtech (SMTC) Extends LPWAN Agreement with Comcast (CMCSA); Updates Q3 GAAP Outlook

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Semtech and Comcast Sign Agreement to Deploy Trial LoRaWAN™ Network in the United States

October 5, 2016 4:05 PM EDT

New Low Power, Wide Area Network Targets Industrial and Consumer IoT ApplicationsDeal Provides Warrant for Comcast to Acquire Up to $30 million of Semtech Common StockSemtech Updates Its Q3FY17 GAAP Guidance As a Result of WarrantCompany to Host Conference Call Today at 2:00 pm (PT) to Review Deal

CAMARILLO, Calif., Oct. 05, 2016 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced that it has entered into an agreement with... More

Comcast Launches Enterprise Internet of Things Trial Venture

October 5, 2016 4:01 PM EDT

Collaborating with Semtech to provide LoRa® Technology IoT solutions for enterprises

PHILADELPHIA--(BUSINESS WIRE)-- Comcast today announced machineQ, a new business trial venture focused on building business-to-business solutions and a platform for the Internet of Things (IoT). As a part of machineQ, Comcast will work with select commercial partners in proof of concepts to use its network to enable partners to gather, transmit, and analyze data from connected devices distributed throughout their organizations.

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