Newly NYSE-listed, 4G chipmaker progresses
PARIS, France – May 19, 2011 – 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced that it has shipped its ten millionth 4G chip. The announcement was made by Sequans’ CEO, Georges Karam after the Opening BellSM ceremony at NYSE Euronext Paris where Mr. Karam and his senior executives and founders were on hand to celebrate the company’s recent IPO and listing on the New York Stock Exchange. Sequans began in 2003 as a WiMAX chipmaker and in 2009 established its LTE program. Today, Sequans’ chips are inside leading 4G devices, such as the HTC EVO 4G smartphone launched by Sprint in USA and the HTC EVO WiMAX smartphone launched by KDDI in Japan.
“It is very gratifying to announce this milestone achievement at the same time we are celebrating our IPO,” said Georges Karam, Sequans CEO. “Our shipments have increased steadily as 4G networks have proliferated around the world. In the last two years, our rate of units shipped has increased from around one million per year in 2009, to one million per quarter on average in 2010, to approaching one million per month today.
“When we founded Sequans, it was our dream that one day Sequans would be powering 4G devices all over the world and today this dream is coming true. I am very proud of my team whose hard work has propelled us to this important milestone.”
France-based Sequans recently celebrated its IPO and listing on the New York Stock Exchange in New York City on April 18 and today is celebrating at Euronext in Paris, Sequans’ headquarters location. Sequans is the first French technology company to list on the New York Stock Exchange in more than ten years.
About Sequans Communications
Sequans Communications S,A. (NYSE: SQNS) is a 4G chipmaker, supplying LTE and WiMAX chips to original equipment manufacturers and original design manufacturers worldwide. Founded in 2003 to address the WiMAX market, the company expanded in early 2009 to address the LTE market. Sequans is based in Paris, France with additional offices throughout the world, including United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, and China.
SOURCE: Sequans Communications S.A.
Media Relations: Kimberly Tassin, +1.425.736.0569, Kimberly@sequans.com
Investor Relations: Claudia Gatlin, +1 212.830.9080, Claudia@sequans.com