MOTOROLA INVESTS IN SEQUANS
PARIS & CUPERTINO, Calif. - November 27, 2006 — SEQUANS Communications, a leading supplier and developer of fixed and mobile WiMAX semiconductor solutions, has received strategic investment from Motorola, Inc. (NYSE: MOT), through Motorola Ventures, its strategic equity investment arm. Financial terms of the agreement were not disclosed. The investment by Motorola Ventures is an extension of Sequans’ recent round of funding announced in July.
“We are delighted to be investing in Sequans, a company which has demonstrated leadership in WiMAX silicon,” said John O’Donohue, managing director, Motorola Ventures in Europe. “This demonstrates Motorola Ventures’ commitment to investing in world class technology companies as part of the company’s strategy of delivering MOTOwi4, Motorola’s portfolio of wireless broadband solutions.”
“Motorola is the foremost WiMAX equipment maker and we are gratified for their support as we continue to meet our aggressive development schedule,” said Georges Karam, Sequans CEO. “Our collaboration will help to accelerate the growing WiMAX momentum and will have a direct impact on the rollout of WiMAX networks, providing high bandwidth and mobility to people around the world.”
Sequans has been heavily involved with the development of IEEE 802.16 standards and WiMAX Forum activities, including all PlugFests and certification procedures. Sequans recently announced the general availability of its mobile WiMAX chip (SQN1110) for client devices. The chip features the industry’s lowest power consumption, drawing a mere 350mW of power, and delivers a throughput of more than 10 Mbps. Sequans also provides a base station solution for mobile WiMAX (SQN2110), as well as a base station and subscriber station chips for fixed WiMAX (SQN2010, SQN1010). Sequans will deliver in Q1 2007 a mobile WiMAX chip (SQN 1130) for client devices designed to exceed WiMAX Forum Wave 2 certification requirements.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $35.3 billion in 2005. For more information about our company, our people and our innovations, please visit www.motorola.com.
About Sequans
SEQUANS Communications is a leading supplier of fixed and mobile WiMAX silicon and software based on 802.16 standards. Offering both base station and subscriber station system-on-chips (SoCs) for both fixed and mobile WiMAX ( 802.16-2004 and 802.16e-2005), Sequans offers equipment manufacturers an all-in-one solution with full MAC and PHY functionality, enabling them to build the complete range of WiMAX network components: high-end and pico base stations, outdoor and indoor subscriber terminals, home gateways, and all types of mobile devices. Sequans, along with its other RF partners, provide the most complete WiMAX solution available to system manufacturers today. Sequans ' fixed WiMAX products are WiMAX Forum Certified™ and its mobile WiMAX products are expected to be certified readily when the certification process begins. Sequans is based in Paris, France with US headquarters in Cupertino, California, and additional offices in Israel and Singapore. Please visit www.sequans.com
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Press contacts:
SEQUANS Communications
Kimberly Tassin
+1 206.654.1001
kimberly@sequans.com
