SAN FRANCISCO--Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today announced that its front-end modules are being leveraged by Iotera, a leader in wireless technologies for wide area Internet of Things applications, across their family of IOTA® GPS-enabled tracking products. Initially deployed for tracking pets, these devices are now being utilized to protect vehicles, bicycles and other personal items. Tracking is becoming an increasingly important opportunity as the Internet of Things explosion proliferates and encompasses a wide range of new and previously unimagined applications ranging from smart meters and connected vehicles, to security systems and industrial uses. Skyworks’ connectivity solutions extend range and maximize battery life in these types of devices.
“Skyworks is intensely focused on enabling a broad range of applications spanning the Internet of Things,” said John O’Neill, vice president of broad markets for Skyworks. “We are excited to be partnering with Iotera and part of a family of products that is breaking size and performance barriers in this emerging market. This partnership is yet another example of how Skyworks is leveraging its broad product portfolio and systems expertise to create a first mover advantage for new applications.”
“Skyworks has been a vital partner as we developed our proprietary platform for our revolutionary tracking devices,” said Ben Wild, CEO of Iotera. “Their solutions have enabled us to build the world’s smallest, real-time GPS tracking devices with industry leading battery life, giving us tremendous competitive advantages.”
Long range device tracking without the need for monthly fees is quickly growing in popularity as people become aware of these products and services. According to an April Global Market Insights report, the consumer global pet wearable market alone is expected to exceed $2 billion by 2023, driven in large part by the rising demand for remote monitoring and tracking of pets. Looking more broadly, IDC is expecting global wearable device shipments to surge from 76.1 million units in 2015 to 173.4 million by 2019, representing a 128 percent increase. In the industrial segment, General Electric estimates connected industrial machinery will add $10 to $15 trillion to the global GDP within the next 20 years.
About Skyworks’ Front-end Connectivity Solutions
Iotera’s IOTA® GPS-enabled trackers utilize Skyworks’ SE2435L, a high-performance, highly integrated RF front-end module designed for high-power Industrial, Scientific, Medical (ISM) band applications. Other applications include smart meters, in-home appliances and smart thermostats. The device includes an integrated power amplifier, a low noise amplifier and an antenna switching with transmit/receive diversity function. For additional information about this and other connectivity front-end modules from Skyworks, please visit: Front-end Modules.
Skyworks at IMS2016
Skyworks will be highlighting its broad product portfolio at the IMS2016 Symposium at the Moscone Center, Booth 1611 from May 24-26.
Iotera is a world leader in wireless technologies for the growing wide area Internet of Things (IoT) market. Their first product, the IOTA®, is the smallest GPS tracking device, ideal for pet tracking. Iotera is based in Silicon Valley and led by a veteran team of wireless and location-based technology experts. For more information please visit http://www.iotera.com or http://www.facebook.com/getiota or https://twitter.com/iotatracker?lang=en.
Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
Headquartered in Woburn, Massachusetts, Skyworks is a global company with engineering, marketing, operations, sales, and service facilities located throughout Asia, Europe and North America. For more information, please visit Skyworks’ website at: www.skyworksinc.com.
Safe Harbor Statement
This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation information relating to future results and expectations of Skyworks (e.g., certain projections and business trends). Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will,” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows.
These risks, uncertainties and other important factors include, but are not limited to: uncertainty regarding global economic and financial market conditions; the susceptibility of the semiconductor industry and the markets addressed by our, and our customers’, products to economic downturns; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; losses or curtailments of purchases or payments from key customers, or the timing of customer inventory adjustments; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials and supplier components; changes in laws, regulations and/or policies that could adversely affect either (i) the economy and our customers’ demand for our products or (ii) the financial markets and our ability to raise capital; our ability to develop, manufacture and market innovative products in a highly price competitive and rapidly changing technological environment; economic, social, military and geo-political conditions in the countries in which we, our customers or our suppliers operate, including security and health risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; fluctuations in our manufacturing yields due to our complex and specialized manufacturing processes; delays or disruptions in production due to equipment maintenance, repairs and/or upgrades; our reliance on several key customers for a large percentage of our sales; fluctuations in the manufacturing yields of our third-party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products; our ability to timely and accurately predict market requirements and evolving industry standards, and to identify opportunities in new markets; uncertainties of litigation, including potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; our ability to rapidly develop new products and avoid product obsolescence; our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; lengthy product development cycles that impact the timing of new product introductions; unfavorable changes in product mix; the quality of our products and any remediation costs; shorter-than-expected product life cycles; problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration; and our ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties, as well as other risks and uncertainties, including, but not limited to, those detailed from time to time in our filings with the Securities and Exchange Commission.
The forward-looking statements contained in this news release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United States and in other countries. All other brands and names listed are trademarks of their respective companies.