03:51 AM EDT, 09/25/2024 (MT Newswires) -- Semtech ( SMTC ) said Wednesday that it has launched a collaboration with Traxmate to provide indoor and outdoor asset tracking.

Financial terms of the deal were not disclosed.

The companies said they intend to combine Traxmate's location and tracking services with Semtech's ( SMTC ) low-power, location-aware technology.

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