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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) 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.
iBASIS and Sequans (SQNS) have been chosen by Actility to deliver programmable cellular IoT solutions utilizing eSIM and iSIM technology. This collaboration comes after over three years of research and development, positioning both companies at the forefront of the IoT market. The integrated deployments are projected to account for up to 82% of total eSIM-capable device shipments by 2030. The new iSIM technology, which integrates SIM functionality into the modem, is anticipated to enhance device design while reducing energy consumption and supply chain costs. Additionally, global shipments of iSIM-capable devices are expected to reach 7 billion by 2030.
Sequans (NYSE: SQNS) and Thales are collaborating to launch an integrated SIM (iSIM) solution that meets the latest GSMA SGP.31/.32 eSIM IoT specifications, built on Sequans' LTE-M/NB-IoT Monarch 2 chip. This new architecture enhances remote SIM provisioning, enabling service providers and OEMs to efficiently manage large fleets of IoT devices without substantial investments. The joint solution aims to simplify connectivity management, improve resilience, and support the lifecycle continuity of IoT devices. Available in 2024, this technology is designed for scalability and security, promising significant advancements for the IoT sector.
Sequans Communications (NYSE: SQNS) and Eseye have launched the world's first multi-carrier integrated SIM (iSIM) solution designed for IoT applications, enhancing global connectivity via an embedded iSIM. This innovative solution supports the GSMA eSIM M2M standard, allowing enterprises to switch carriers seamlessly, reducing deployment complexity and cost while ensuring maximum device uptime and security. The easySWAP technology will be initially available in North America and allows remote network switching without requiring physical SIM changes. The solution aims to optimize design, lower power consumption, and improve ROI for IoT device deployments.
On February 21, 2023, Sequans Communications (NYSE: SQNS) announced that its Monarch 2 LTE-M/NB-IoT platform is being utilized by Next Meters to enhance utility metering solutions in North America. This partnership enables municipalities to benefit from advanced smart metering technology. Next Meters will deploy outdoor metering products that allow for flexible upgrades to existing systems. Adam Paul, CEO of Next Meters, praised Monarch 2 for its superior network performance and security features. The Monarch 2 platform is designed for narrowband IoT applications, ensuring effective connectivity with low power consumption.
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