Sequans Communications S A - SQNS STOCK NEWS

Sequans Communications (NYSE: SQNS) has announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform. This deal, worth an initial $15 million, allows the license partner to produce and market the Monarch 2 chip under their own brand. CEO Georges Karam highlighted that the agreement validates the value of their technology in IoT applications and offers substantial revenue growth and collaborative opportunities. Sequans aims to bolster its revenue through strategic licensing deals, building on its established history in this domain.

Sequans Communications (NYSE: SQNS) announced that Itron has chosen its Monarch 2 LTE-M/NB-IoT technology to connect Intelis wSource smart water meters. This technology, known for its ultra-low power consumption and high security, will be deployed in Queensland, Australia, aiding the Cairns Regional Council in managing water usage, identifying leaks, and reducing costs. Cameron Ward, VP Procurement at Itron, highlighted Monarch 2's ability to extend battery life up to 15 years and its dual-network capability (LTE-M/NB-IoT) as key factors in the decision. Sequans' global production scalability was also critical in the selection.

Sequans Communications has announced that its Cassiopeia CA410 module has achieved industry certification from PTCRB and GCF. Additionally, the module has successfully completed field testing with a major electricity provider in California.

Developed in collaboration with Anterix, the module supports 900 MHz, CBRS, and public MNO bands, facilitating seamless connectivity for private and public networks. The field tests demonstrated the module's reliable handover and instant failover capabilities.

The CA410 module, offering LTE Cat 4 throughput, is now ready for mass production and integration into smart meters, gateways, and routers for utility applications.

Sequans Communications (NYSE: SQNS) announced the filing and availability of its Annual Report on Form 20-F for the year ending December 31, 2023. The report, filed with the SEC, includes the company's complete audited financial statements for 2023.

Shareholders can access the report on the company's website in the Investors section under SEC Filings or directly from the SEC's website. Additionally, they can request a free printout of the report by contacting Sequans through various provided channels.

Sequans Communications S.A. (NYSE: SQNS) received a notice from the NYSE stating non-compliance with share price and market capitalization listing rules. The company has deficiencies in market cap and share price but is not immediately delisted. Sequans has time to cure these deficiencies and intends to return to compliance within the specified periods.

Sequans Communications, S.A. (NYSE: SQNS) announced that Abeeway, a subsidiary of Actility, has selected Sequans' Monarch 2 GM02S module to provide low power LTE-M/NB-IoT cellular IoT connectivity for the new version of the Abeeway Compact Tracker. This collaboration combines LTE-M and NB-IoT connectivity with GPS, Wi-Fi Sniffer, Bluetooth, and LoRa technologies, offering unparalleled battery life for industrial tracking applications. The Abeeway Compact Tracker is designed for heavy-duty tracking, providing indoor and outdoor geolocation with low power consumption, advanced geofencing, and anti-theft features. The Monarch 2 GM02S module enables seamless operation with industry-leading low power consumption and integrated eSIM capability for remote provisioning and roaming, with mass production expected in mid-2024.

Sequans Communications, S.A. (NYSE: SQNS) announced that its Calliope 2 Cat 1bis platform has received modular approval for use on the AT&T commercial mobility network and the FirstNet network. This approval ensures that the GC02S1 module meets AT&T's performance and interoperability requirements, allowing device makers to bring end devices to market faster. The Cat 1bis technology is designed to reduce cost and complexity while maintaining high reliability and low latency, making it ideal for IoT applications such as vehicle telematics, security systems, and healthcare devices.

Sequans Communications S.A. (NYSE: SQNS) announces standstill agreements with major debt holders Lynrock Lake, Nokomis, and Renesas to address imminent debt obligations. The agreements provide a one-month standstill period, extendable based on meeting milestones, to facilitate negotiations for a new strategic transaction. CEO Georges Karam emphasizes transparency and commitment to sustainable growth, seeking a favorable outcome for all stakeholders.

Sequans Communications, S.A. (NYSE: SQNS) is set to showcase its range of chips and modules at Embedded World, featuring 5G NR, LTE-M/NB-IoT, and LTE Cat 1bis solutions. The company's products offer advanced capabilities such as low power consumption, eSIM support, and global deployment capability. New products like Taurus 5G NR and upcoming offerings like Taurus LT and eRedCap demonstrate Sequans' commitment to innovation in cellular IoT connectivity.