Sequans Accelerates 5G Development With Expanded Team in Israel
January 21 2020 - 8:00AM
Business Wire
Sequans Communications S.A. (NYSE: SQNS), leading developer and
provider of 5G and 4G chips and modules for IoT, today announced
the expansion of its research and development resources in Israel
with the opening of a new design center for the purpose of
accelerating Sequans’ 5G new product development. The new team is
mainly focused on the development of Sequans’ new 5G broadband and
critical IoT products that will complement its existing massive IoT
products, including the company’s flagship Monarch and Calliope
platforms. Sequans has been involved in the development of 5G
technology for many years and has continually invested in 5G
R&D through its involvement in research partnerships with
industry visionaries and through its membership in the 5G
Public-Private Partnership (5G-PPP) since 2013. The expanded
R&D center will allow Sequans to strengthen its leadership
position in 5G and complete its comprehensive product portfolio
addressing the three primary 5G IoT market segments---broadband,
critical, and massive IoT.
“Our new R&D center in Israel has been established to
accelerate our ongoing 5G development and is a reflection of our
commitment to keep our IoT products at the leading edge with
best-in-class performance and lowest cost,” said Georges Karam,
Sequans CEO. “Our 5G knowledge will be leveraged and augmented by
this new team of experts who will ensure that we get across the
goal line and get our new 5G products to market according to
plan.”
The 5G products Sequans is readying for production include its
5G-compliant Monarch 2 LTE-M/NB-IoT chip announced in 2019 that
will address the massive IoT market, and the coming new Taurus 5G
chip that will address the broadband and critical IoT markets.
Sequans Israel is located in Ramat-Gan, Israel.
Forward Looking Statements
About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a leading developer
and provider of 5G and 4G chips and modules for IoT devices. For
5G/4G massive IoT applications, Sequans provides a comprehensive
product portfolio based on its flagship Monarch LTE-M/NB-IoT and
Calliope Cat 1 chip platforms, featuring industry-leading low power
consumption, a large set of integrated functionalities, and global
deployment capability. For 5G/4G broadband and critical IoT
applications, Sequans offers a product portfolio based on its
Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms,
optimized for low-cost residential, enterprise, and industrial
applications. Founded in 2003, Sequans is based in Paris, France
with additional offices in the United States, United Kingdom,
Israel, Hong Kong, Singapore, Sweden, Taiwan, South Korea, and
China. Visit Sequans online at www.sequans.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200121005264/en/
Media relations: Kimberly Tassin (USA), +1.425.736.0569,
kimberly@sequans.com Investor relations: Claudia Gatlin (USA), +1
212.830.9080, claudia@sequans.com
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