Sequans Communications S.A. (NYSE: SQNS) is a 4G LTE chipmaker and leading provider of single-mode LTE chipset solutions to wireless device manufacturers worldwide. Founded in 2003, Sequans has developed and delivered seven generations of 4G technology and its chips are certified and shipping in 4G networks around the world. Today, Sequans offers two LTE product lines: StreamrichLTE™, optimized for broadband devices, and StreamliteLTE™, optimized for narrowband IoT devices.

Background

In 2003, Georges Karam and a team of broadband experts from Alcatel and Pacific Broadband founded Sequans as a pure play 4G chip company to address the WiMAX market, where it became the recognized leader by 2011.

Sequans went on to deliver three generations of WiMAX technology and then four generations of LTE technology in quick succession, following the 3GPP specifications for the LTE standard. Sequans became known as a leader in LTE for IoT when it developed the first IoT-optimized Category 1 (Cat 1) chipset, Calliope, which quickly took hold in the market as an IoT low cost and low power solution, and today is deployed by leading operators, including Verizon, AT&T, T-Mobile, and NTT DoCoMo.

In another industry first, Sequans then introduced the world’s first Cat M1/NB1 single chip solution, Monarch, based on the newest 3GPP Release 13 narrowband standard, published in June of 2016. Because of its leadership position in bringing this newest narrowband LTE technology to market Sequans powered the very first LTE Cat M1 devices in the market and became a chosen technology partner of some of the world’s leading IoT market leaders, including operators Verizon, AT&T, and NTT DoCoMo, and module makers Huawei, WNC, Foxconn, Wisol, Gemalto, USI, Pycom, Fibocom, and technology leaders Skyworks and STMicroelectronics.

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