Benzinga | Jul 8, 2021 02:47PM EDT

Semtech, DIC Partner Over Critical IoT Data

* Semtech Corp (NASDAQ:SMTC) collaborated with DIC Corp for its new line of HatteTotte sensors which operate via the LoRaWAN standard and can measure temperature, humidity, and the amount of light in a space.

* The integration with LoRaWAN allows for low power consumption and long-distance communication, making the sensors ideal for intelligent building applications in malls, workspaces, homes, apartments.

* DIC's utilization of LoRaWAN for its HatteTotte sensors showcases the remarkable ease of using and deploying Internet of Things solutions to create a smarter planet for its customers, Semtech VP Marc P?gulu said.

* Price action: SMTC shares are trading lower by 1.50% at $63.81 on the last check Thursday.