Sequans Communications (SQNS) Announces $15M Licensing Agreement

Reinforcing Licensing Business Strategy

Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G semiconductors and modules, today announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform.

This agreement grants our license partner the right to manufacture and market the Monarch 2 chip under their brand name. The deal includes an initial payment of $15 million, with the opportunity for additional revenue in subsequent years.

"We are pleased to enter into this licensing agreement with a leading technology company, which underscores the exceptional value of our Monarch 2 technology for massive IoT cellular applications," commented Georges Karam, CEO of Sequans. "This partnership not only expands our revenue potential but also creates significant mutual benefit for both organizations and paves the way for future collaborative opportunities. In addition to our product offering, Sequans has a proven track record of generating revenue through licensing agreements, and we intend to enhance and expand this strategy."

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