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Sequans Communications S.A. (NYSE: SQNS) is a pioneering company in the development and provisioning of 4G and 5G solutions, specifically geared towards the Internet of Things (IoT) market. Founded in 2003 and headquartered in Paris, France, Sequans has established itself as a leader in cellular semiconductor solutions for both massive and broadband IoT applications. The company designs, develops, and supplies semiconductor solutions worldwide, which are integral to devices such as smartphones, tablets, USB dongles, routers, and a myriad of industrial and consumer multimedia devices.
Sequans' core business involves the production of LTE and WiMAX chips, which are supplied to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) across the globe. Since its inception, the company has expanded its portfolio to include advanced 5G technologies. Notably, Sequans became a prominent player in the LTE market in 2010 when China Mobile selected its technology for the world's first TD-LTE network trial. The company's LTE solutions are now deployed in multiple networks, spanning five continents.
One of Sequans' recent achievements includes significant advancements in its IoT product line. The company's flagship Monarch LTE-M/NB-IoT and Calliope Cat 1/Cat 1bis platforms are known for their industry-leading low power consumption and comprehensive functionalities, which facilitate global deployment. These platforms power a wide range of applications, from asset tracking and smart meters to industrial IoT devices.
In 2024, Sequans announced robust financial results, highlighting a notable increase in product revenue, especially due to the ramp-up in shipments of its LTE-M/NB-IoT Monarch 2 and Cat 1 Calliope 2 products. The company also secured new strategic partnerships and received substantial funding from the French government's France 2030 initiative to develop next-generation 5G NR eRedCap chips, aimed at enhancing IoT capabilities.
Additionally, Sequans is actively exploring strategic partnerships to leverage its unique market position and 5G intellectual property. The company's commitment to innovation is evident in its continuous development of leading-edge solutions, including the Taurus 5G NR chipset, designed for broadband IoT applications that require high-speed connectivity.
Sequans' extensive product portfolio and strategic collaborations position it as a key player in the global IoT market. The company's ongoing projects and financial health signal a positive outlook, with expectations of sustained growth and new opportunities in the rapidly evolving IoT landscape.
Sequans Communications (NYSE: SQNS) has announced the addition of LTE band 65 support on its Cassiopeia LTE-Advanced platform, in collaboration with EchoStar Mobile. This integration expands capabilities for broadband IoT applications, leveraging 90 MHz of spectrum for satellite and terrestrial services. The Cassiopeia prototype has successfully passed 3GPP conformance tests, setting a foundation for various LTE IoT devices. This initiative is part of Sequans' 'Custom Technology Solutions' project, aimed at addressing complex communications challenges across multiple markets.
Sequans Communications (SQNS) has launched its Calliope 2 GC02S1 modules, powered by the second generation LTE Cat 1bis chip, designed for IoT applications. These low-cost, low-power modules support VoLTE and faster throughput than LTE-M, ideal for devices like wearables and smart home gadgets. Calliope 2 promises reduced costs, enhanced battery life, and compatibility with global networks. The global LTE Cat 1 market is projected to grow from 132 million units in 2021 to 200 million units by 2025, bolstered by increasing demand for Cat 1 technology.
Sequans Communications (NYSE: SQNS) announced successful interoperability testing of its Monarch 2 GM02S module with NTT DOCOMO and KDDI, Japan's leading mobile operators. This LTE-M/NB-IoT chip is designed for massive IoT applications, ensuring ultra-low power consumption and global deployment capabilities. Endorsed by both operators, the module is set to enhance IoT product launches in Japan, a rapidly growing market for technology. With its advanced features and backward compatibility, the Monarch 2 GM02S represents a significant step in expanding Sequans' IoT solutions in Asia.
Sequans Communications (NYSE: SQNS) has announced the launch of low-power GNSS positioning capability on its Monarch 2 LTE-M/NB-IoT platform. This integrated solution reduces power consumption and eliminates the need for external positioning chips, thus offering a cost-effective tracking solution. The Monarch 2 GM02SP module is compatible with existing Monarch 2 GM02S modules, allowing current customers to upgrade seamlessly. The new technology is expected to benefit various tracking applications, including logistics and smart city projects, while maintaining a competitive edge in the IoT market.
Sequans Communications (NYSE: SQNS) has announced the industry's first GSMA-compliant integrated SIM (iUICC) is now Common Criteria certified. This is integrated with the Monarch 2 LTE-M/NB-IoT chip, enhancing security for IoT applications in sectors such as utilities and healthcare. The iSIM capability enables reduced power consumption, size, and cost. The certification process, handled by Tiempo Secure and CEA-LETI, was complex but crucial for ensuring robust IoT security. Monarch 2 is now sampling with tier 1 customers across the USA and Europe.
Sequans Communications (NYSE: SQNS) announced that CEO Georges Karam and CFO Deborah Choate will participate in the Needham 24th Annual Growth Conference from January 10-14, 2022. The company will hold one-on-one video meetings on January 10 and 11, from 7:00 am to 11:25 am ET, and a fireside chat on January 10 from 10:00 am to 10:40 am ET. The presentation will be available for 30 days after the event on their investor relations website.
Sequans Communications (NYSE: SQNS) announced its participation in the 10th Annual Roth Technology Conference, scheduled for November 17-18, 2021. CEO Georges Karam and CFO Deborah Choate will engage in 40-minute one-on-one video meetings during the event. This conference, hosted virtually, offers insights into Sequans' 5G and 4G solutions for broadband and IoT applications. Interested parties can find more information on meeting availability through the Roth Conference website or contact organizers via email.
Sequans Communications S.A. (NYSE: SQNS) reported its Q3 2021 financial results, revealing a revenue of $11.9 million, a 16% decline from Q2 2021 and a 16% decline year-over-year. Despite this, gross profit increased to $5.8 million with a gross margin of 49.2%. The company achieved a net profit of $0.2 million, a significant improvement from a loss of $1.3 million in Q2. Revenue growth in Massive IoT and CBRS Broadband categories was notable, up 118% and 135% respectively, while supply chain challenges limited further expansion.
Sequans Communications (NYSE: SQNS) has partnered with qastle to launch the Smart Alarm™ Controller, enabling homeowners to upgrade existing wired alarm systems to smart systems using Sequans' Monarch Go LTE-M/NB-IoT modem. This all-in-one solution simplifies connectivity, allowing users to retain their current wired sensors. The product features include support for multiple zone types, tamper detection, and robust smartphone control via the qastle app. The Smart Alarm Controller will be showcased at the Mobile World Congress Los Angeles from October 26-28, 2021.
Sequans Communications (NYSE: SQNS) has announced a partnership with JACS Solutions, which has developed a semi-ruggedized tablet using Sequans' Cassiopeia CBRS module. This tablet is designed for connecting to private LTE networks, benefiting enterprises, government, and educational institutions. Key features include LTE CAT 4 or 6 speeds, extended battery life, and the ability to operate in challenging environments. The tablet will be showcased at MWC Los Angeles from October 26-28, 2021.
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