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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 S.A. (NYSE: SQNS), a leader in 5G/4G solutions for IoT, announced participation in the B. Riley 23rd Annual Institutional Investor Conference from May 23-25, 2023, at The Beverly Hilton Hotel, Los Angeles. CEO Georges Karam and CFO Deborah Choate will hold one-on-one and small group meetings on May 24. Sequans specializes in 5G/4G chips and modules aimed at IoT applications, offering low power consumption and a broad product portfolio including Monarch LTE-M/NB-IoT and Cassiopeia platforms. Founded in 2003 and headquartered in Paris, the company has a global presence with offices in the United States, UK, Israel, and more. For meeting arrangements, contact B. Riley representatives.
SKYFive AG, Flightcell International, and Sequans Communications have launched a new Air-to-Ground (A2G) communication device aimed at enhancing broadband connectivity for aerial missions. This compact A2G modem, integrated into Flightcell's DZMx device, ensures reliable and secure communications for public safety agencies, particularly in helicopters and light aircraft. Flightcell has already shipped over 3,000 DZMx units worldwide, and rigorous testing with Australia’s Pivotel confirmed the technology's throughput and reliability. This advancement aims to overcome the limitations of existing terrestrial and satellite communication methods, enabling new applications for airborne operations.
Sequans Communications (NYSE: SQNS) announced the filing of its Annual Report on Form 20-F for the year ending December 31, 2022, with the SEC. The report includes complete audited financial statements for 2022 and is accessible on the company's website and the SEC website. Shareholders can request a printed version free of charge via the company's investor relations section. Sequans, based in Paris, specializes in 5G and 4G chip solutions for broadband and massive IoT applications, featuring low power consumption and global deployment capabilities.
Sequans Communications S.A. (NYSE: SQNS) will announce its financial results for Q1 2023 on Wednesday, May 3, 2023, prior to market opening. A conference call will take place at 8:00 a.m. ET, where management will discuss the results. Investors can access a live and archived webcast of the call from the Investor Relations section of Sequans' website. The company specializes in 5G/4G solutions for IoT devices and offers a diverse product portfolio, including Monarch LTE-M/NB-IoT and Calliope chip platforms. Founded in 2003, Sequans is headquartered in Paris, France.
The global 5G IoT market is anticipated to expand from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, achieving a CAGR of 35.1%. Growth is driven by the increasing adoption of low-cost sensors and 5G solutions, particularly among large enterprises. The consulting services sector is expected to witness the highest CAGR during this period, facilitating better understanding and implementation of IoT technologies. Additionally, short-range IoT devices will constitute a significant market share, while Europe is projected to have the second-highest growth rate, bolstered by advancements in 5G technology.
The 5G IoT Market is projected to expand from
Key growth drivers include heavy investments in IoT solutions, with the professional services segment leading during the forecast period.
Small and medium enterprises (SMEs) will experience the fastest growth rate, while the manufacturing sector is expected to dominate overall market share.
The Asia Pacific region, led by China, Japan, India, and Australia, is identified as the fastest-growing area for 5G IoT.
iBASIS and Sequans (NYSE: SQNS) have partnered with Actility to deliver advanced eSIM and iSIM solutions for programmable cellular IoT applications. This collaboration highlights their commitment to enhancing connectivity solutions, with integrated deployments expected to account for up to 82% of total eSIM-capable device shipments by 2030. Following over three years of R&D, their innovative technology promises lower costs and energy savings by eliminating the need for separate SIM chips. The widespread adoption of iSIM is anticipated, with shipments projected to reach 7 billion units between 2021 and 2030.
Sequans Communications S.A. (NYSE: SQNS), a prominent provider of 5G/4G solutions for IoT, will participate in the 35th Annual Roth Conference from March 12-14, 2023, in Laguna Beach, California. CEO Georges Karam and CFO Deborah Choate will represent the company. Management meetings are scheduled for March 13-14, and a fireside chat will occur on March 14 from 11:30-11:55 a.m. PDT. Interested parties should confirm times with Roth MKM. The conference presentation and a replay will be available for 90 days on Sequans' investor relations website.
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