Verizon, Sequans Announce LTE CAT M Chipset Acceleration for IoT
February 04 2016 - 6:20AM
Business Wire
New LTE CAT M products will speed Low Power
Wide Area deployments on America’s largest and most reliable LTE
network
Sequans Communications S.A. (NYSE: SQNS) and Verizon (NYSE: VZ)
announced joint activities to accelerate commercial realization of
Category M (CAT M) LTE products based on the coming Release 13 of
the 3GPP LTE standard. Release 13 defines new features such as
extended coverage, lower data rate and lower power consumption
called for by a new class of LTE applications for
machine-type-communications (MTC) devices, such as wearables, asset
trackers, smart meters and industrial sensors. Verizon and Sequans
are collaborating to accelerate development of CAT M-capable LTE
chipsets. This effort follows the successful collaboration of
Sequans and Verizon on CAT 1 LTE technology, which led to Verizon
becoming the first in the world to deploy CAT 1 LTE devices
commercially.
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“We led the industry when we introduced our Calliope CAT 1 LTE
chipset platform, tested it on Verizon’s network, and introduced it
to the market where it is now being deployed broadly,” said Georges
Karam, Sequans CEO. “And we are excited to extend our partnership
with Verizon to address the CAT M space. Having the support of
Verizon will ensure the new Sequans CAT M-capable chipsets
currently in development will be ready as quickly as possible.”
“Verizon was the first in the world to make IoT-optimized
Category 1 features available on our LTE network, and we’re
committed to continuing our leadership in this space,” said
Rosemary McNally, VP of Device Technology at Verizon. “We are
pleased that Sequans is accelerating LTE CAT M-capable chipsets, as
this provides more choices for customers interested in leveraging
the largest, most reliable LTE network.”
3GPP Release 13 specifications are in development and are
expected to conclude by early 2016. The optimizations in coverage,
cost, and power consumption will expand the addressable market for
LTE networks to enable a large, new class of IoT devices. Sequans’
CAT 1 LTE chipsets will, for the foreseeable future, continue to
address the growing list of devices for higher bandwidth IoT
applications such as in security, telematics and digital signage.
Meanwhile, the new Sequans CAT M-capable chipsets will address an
additional list of newer IoT applications, including wearables,
asset trackers, smart meters, smart cities, and industrial
sensors.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a 4G chipmaker and
leading provider of single-mode LTE chipset solutions to wireless
device manufacturers worldwide. Sequans offers two LTE product
lines: StreamrichLTE™, optimized for feature-rich mobile computing
and home/portable router devices, and StreamliteLTE™, optimized for
M2M and IoT (Internet of Things) devices. Sequans is based in
Paris, France, with additional offices in the United States, United
Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and
China. Visit Sequans online
at www.sequans.com; www.facebook.com/sequans; www.twitter.com/sequans.
About Verizon
Verizon Communications Inc. (NYSE, NASDAQ: VZ) employs a diverse
workforce of 177,700 and generated nearly $132 billion in 2015
revenues. Verizon operates America’s most reliable wireless
network, with more than 112 million retail connections nationwide.
Headquartered in New York, the company also provides communications
and entertainment services over America’s most advanced fiber-optic
network, and delivers integrated business solutions to customers
worldwide.
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Sequans Communications S.A.Media relations:Kimberly Tassin
(USA), +1-425-736-0569kimberly@sequans.comorInvestor
relations:Claudia Gatlin (USA),
+1-212-830-9080claudia@sequans.com
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