Rittal North America | August 30, 2022
Rittal North America, a global manufacturer of industrial and IT enclosures, announces the expansion of its smart cooling unit solutions for enclosures with the new Blue e+ S that has lower output categories of .3 kW, .5 kW, and 1 kW. Additionally, the Blue e+ S offers smart capabilities and innovative energy-saving features for the production process. This latest generation of Blue e+ S cooling units have been designed for efficiency helping to ensure a smaller footprint, provide energy savings, minimize CO2 emissions, and lower costs.
Solutions that reduce the carbon footprint during production are in high demand. But at the same time, these solutions need to be intelligent and communication-enabled so that they can be easily integrated into digitalized manufacturing environments. Seven years ago, Rittal responded to this demand with its extremely efficient Blue e+ range of enclosure cooling units, which provided an average energy savings of 75%. The new Blue e+ S enclosure climate control units for lower cooling outputs of .3 kW, .5 kW, and 1 kW are based on the same design and energy saving principles as the Blue e+ series, but also offer added smart capabilities.
Energy-savings and therefore cost reduction is enabled due to the technology used, combining a heat pipe with inverter-controlled components. The heat pipe works without a compressor, expansion valve, or other regulating elements eliminating the need for electrical energy except to operate the fan. Depending on the thermal energy generated in the enclosure and the current ambient temperature, cooling can be performed with the heat pipe alone. The additional compressor cooling only operates if a large amount of heat has to be dissipated from the enclosure or if the ambient temperature is very high. When it does operate, the compressor cooling is far more energy-efficient than conventional units due to the compressor and fans that possess an inverter-controlled drive which automatically adjusts their speeds depending on the cooling requirements. As a result, the temperature within the enclosure remains constant, and the energy efficiency is significantly higher than with other more conventional cooling units.
Alongside energy efficiency, the new Blue e+ S also reduces the carbon footprint by using a refrigerant with a Global Warming Potential (GWP) that is 56% lower than those used in comparable cooling units. Furthermore, instead of the R-134a previously used, the cooling circuit in the new generation of units now runs with R-513A refrigerant.
With their additional smart functions, the new cooling units also help in the digitalization process. With a fully integrated IoT interface as standard, the cooling units can be intelligently monitored in digitalized environments and easily connected to Rittal's new Smart Service Portal, where available. This optimizes the service processes and increases efficiency through predictive maintenance. As a result, fewer unplanned downtime occurs which helps to manage the high cost of production, especially with Industry 4.0 processes.
These cooling units in the lower output classes also have a new design with an integrated colored LED light strip on the front. This means that warning messages can be immediately seen, even from far away. A display on the front of the enclosure provides additional up-to-date information. Moreover, the cooling units are equipped with the Near Field Communication (NFC) interface, which enables them to communicate with mobile devices that have the Rittal Scan & Service app installed.
About Rittal North America, LLC
Rittal North America, LLC is a global manufacturer and system solutions provider of industrial and IT enclosures, racks, and accessories, including cooling solutions and power management systems for industrial, data center, outdoor, and hybrid applications. Rittal provides innovative, high-quality solutions for practically any industrial or IT infrastructure application, from single enclosures to comprehensive, mission critical systems. Products are tested and certified to the appropriate standards that apply, including UL, CSA, ATEX, NEMA, and more.
Semtech | August 04, 2022
Semtech Corporation a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion, subject to customary closing conditions. The acquisition will significantly expand Semtech’s addressable market and is expected to approximately double Semtech’s annual revenue and create a strong and diverse portfolio of connectivity solutions for the growing IoT market, making it easier for customers to find innovative end to end solutions for any segment. The deal is also expected to be immediately accretive to Semtech’s non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-transaction close.
This acquisition brings together two important technologies for the future of IoT – LoRa and cellular – to enable the digitization of the industrial world with a comprehensive chip-to-Cloud platform. Semtech expects the combination of Sierra Wireless’ cellular capabilities across its modules, gateways and managed connectivity together with Semtech’s LoRa-enabled end nodes to create a uniquely differentiated IoT portfolio which will enable a plethora of new IoT use cases to be conceived. In addition, the combination of Sierra Wireless’ Cloud services offerings and Semtech’s LoRa Cloud™ services will bring together a future Cloud services portfolio offering that will include enhanced security, provisioning, device management, and geolocation capabilities for power optimized IoT applications. This new Cloud services capability is expected to add greater than US$100 million of high-margin IoT Cloud services recurring revenues immediately.
“We believe the next era of technology growth is the full digitization of our industrial world – the Internet of Everything. Our vision is to build a simple, horizontal platform with the goal of accelerating this transformation and to bring about a smarter and more sustainable planet,” said Semtech president and chief executive officer, Mohan Maheswaran. “This exciting strategic acquisition of Sierra Wireless is a critical part of bringing this vision to life through the combination of cellular, LoRa and Cloud services. Together, with the world-class Sierra Wireless engineering team, we will be positioned to advance the market with multi-radio solutions that bring new chip-to-Cloud services to support customers and grow our business.”
“Over the last year, Sierra Wireless has taken decisive steps to profitably grow the business, and I am proud that the progress we have made has culminated in this exciting transaction. Together with Semtech, we will be able to extend the reach of IoT solutions by scaling, optimizing and ultimately delivering an even stronger product portfolio and service model to customers, Sierra Wireless is a high growth business with some of the best, most advanced IoT technology in the industry, and we are pleased to deliver immediate and compelling value to our shareholders through this transaction. Joining Semtech will also allow us to bring cellular and LoRa technology together to create innovative solutions that exceed the expectations of our customers around the world while delivering exciting career opportunities to our talented employees as part of the combined company.”
Phil Brace, president and chief executive officer of Sierra Wireless
Sierra Wireless brings highly complementary skills and capabilities to Semtech, including Sierra Wireless’ leading modules, gateways, 5G, and Cloud services. Given Sierra Wireless’ demonstrated expertise in IoT and cellular engineering, software and services, and its extensive knowledge of IoT channels and vertical markets, Semtech expects the combined company will be well positioned to serve high growth segments such as:
Supply chain, logistics and asset management
Utilities, including water, gas and electric metering
Smart cities and building, including air quality monitoring and public safety
Smart agriculture and species protection
Under the terms of the agreement, Sierra Wireless shareholders will receive US$31 per common share. This represents a premium of approximately 25% to the closing price of Sierra Wireless’ common stock on July 29, 2022, the last trading day prior to media speculation regarding a potential transaction, and a premium of approximately 30% to Sierra Wireless’ unaffected 30-day volume weighted average price. Semtech intends to fund the transaction with cash on hand and committed debt financing arranged by J.P. Morgan.
This transaction has been approved by the Semtech and Sierra Wireless Boards of Directors. This transaction is subject to approval by Sierra Wireless shareholders, certain regulatory bodies and the Supreme Court of British Columbia, and other customary closing conditions. This transaction is expected to close in Semtech’s fiscal year 2023. Until close, the parties remain separate independent companies.
Sierra Wireless Preliminary Financial Results
In a separate press release issued today, Sierra Wireless announced preliminary details relating to certain of its financial results for its second quarter of 2022. Sierra Wireless will issue a press release to share its full second quarter financial results after the market closes Aug. 11, 2022. The Sierra Wireless preliminary results press release is available on its website.
Semtech Corporation is a leading global 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.
About Sierra Wireless
Sierra Wireless is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is a global partner customers trust to deliver them their next IoT solution.
Omdia | July 15, 2022
Enterprises are not only increasing their IoT spending and their deployment of devices but are doing so because IoT projects are meeting or exceeding return on investment (ROI) expectations according to the latest Omdia Internet of Things (IoT) Enterprise Survey. Omdia surveyed approximately 500 enterprises across countries that are deploying or are in the process of rolling out IoT solutions and found that over 90% of enterprises said their IoT projects have met or exceeded expectations.
"Both IoT and 5G have been derided as overpromising and underdelivering, yet the IoT market is still developing and 5G technology is still evolving. While sometimes outrageous proofs of concept are touted for headlines, our survey results are clear: enterprises are embracing IoT and 5G is emerging as the preferred type of connectivity."
John Canali, IoT Principal Analyst, Omdia
Omdia's survey results are positive for players across the IoT value chain. Communications service providers will likely see growth in high-bandwidth, high-value connections as 66% of enterprises are using or plan to use 5G connections while 53% of enterprises are using or plan on deploying new connections using LTE. The responses were similarly encouraging for growth in low-bandwidth connectivity such as NB-IoT and LoRaWAN.
"For enterprises, IoT solutions do not come without hurdles. Security, privacy, and complexity continue to be the three greatest pain points for enterprises. These issues all present opportunities for systems integrators (SIs), cloud providers, hardware vendors, component suppliers, and various other IoT vendors."
In spite of the current economic climate and uncertainty around inflation, Omdia believes that enterprises will increasingly look to IoT solutions to address emerging enterprise needs including managing their supply chain or meeting environmental, social, and corporate governance goals (ESGs).
Omdia is a leading research and advisory group focused on the technology industry. With clients operating in over 120 countries, Omdia provides market-critical data, analysis, advice, and custom consulting.