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Feb 25, 2015

Altair Semiconductor says will bring 4G network to small devices

By Ari Rabinovitch

* Company considering an IPO on Nasdaq

* New chipset to impact sales at start of 2016

* Company has raised more than $150 million

JERUSALEM, Feb 25 (Reuters) – Altair Semiconductor said on Wednesday it has developed a new technology that will allow small devices like security alarms and electricity meters to connect to fourth generation (4G) mobile networks more efficiently.

A big limitation for devices that use 4G technology known as LTE has been their short battery life.

Altair said it has designed a new chipset – which controls data flow – that has up to 10 times lower power consumption, and half the connectivity cost, of the standard LTE technology being used today.

“We’re talking about repositioning LTE to serve down to the level of street light sensors, smart home gateways, vehicle telematics,” Eran Eshed, co-founder and vice president of marketing, told Reuters.

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