Critical and Massive IoT devices. In the Broadband IoT data device market, our solutions serve as the core wireless communications platform in these devices, including portable routers; embedded
wireless modems for computing and multimedia devices; and customer-premises equipment, such as fixed wireless broadband access modems, routers, industrial and residential gateways. In the Critical IoT device markets, our solutions will provide
connectivity for public safety, industrial automation and banking to name a few. In the Massive IoT devices market, our solutions provide connectivity for industrial applications such as transportation, asset and people tracking, retail, smart
energy, smart city, agriculture, healthcare and other applications. We also expect to see strong growth in the IoT market in consumer applications such as wearables, hearables and personal and property trackers.
From 2005 through December 31, 2019, we shipped approximately 31.8 million 4G baseband-based semiconductor solutions, which have
been deployed by leading wireless carriers around the world. We successfully formed multiple important partnerships in 2019 that resulted in an $8.4 million strategic investment, as well as two
non-exclusive multi-year licensing and services deals with strategic partners totaling over $40 million.
Our LTE solutions are currently in commercial deployments in the United States, Canada, Italy, France, Germany, United Kingdom, Nordic
countries, Eastern Europe, the Middle East, Indonesia, Malaysia, Philippines, Vietnam, Japan, China, South Korea, India, Australia, Brazil and elsewhere.
Our LTE solutions are incorporated into devices sold by many leading OEMs and ODMs, including in the Verizon Wireless Ellipsis Jetpack MHS900L
portable router, the Thales IoT (ex Gemalto) ELS31 LTE Category 1 and EMS31 Category M1 industrial M2M modules, the AT&T IMS2 module and in a variety of devices and modules produced by AsiaTEL, Connected Holdings, Daatrics, Foxconn, Gemtek,
Geotab, Geotraq, Inseego, Invoxia, LinkLabs, Lockheed Martin, Multitech, Netcomm, Nimbelink, Pebblebee, Polymer Logistics, PoLTE, Positioning Universal Inc., Pycom, Sercomm, Seongji, USI, Technicolor, Tozed, Trackimo, Wistron NeWeb, ZMTel, ZTEWeLink
and others.
Recent Developments
Nokomis
conversion of convertible notes
On December 7, 2020, Nokomis elected to convert (i) $6 million of principal amount of
convertible notes issued in April 2016 (the 2016 Notes), with paid-in-kind interest of 7% and a conversion price per ADS of $4.90, and (ii) $3 million
of principal amount of convertible notes issued in May 2019 (the May 2019 Notes), with paid-in-kind interest of 7% and a conversion price per ADS of $4.84.
Pursuant to the March 2020 amendments to the 2016 Notes and May 2019 Notes, Nokomis will receive one extra year of paid-in-kind interest as an incentive for converting
prior to April 2022. In total, Nokomis received 2,529,961 ADSs upon conversion of the 2016 Notes and the May 2019 Notes, which will be sold in this offering.
For more information regarding the remaining convertible notes held by Nokomis after this offering, see related disclosure in our Annual
Report on Form 20-F for the fiscal year ended December 31, 2019 (the Annual Report) under B. Liquidity and Capital ResourcesSource of Liquidity and in this prospectus
supplement under Selling Shareholder and Risk FactorsRisks Related to our Business, this Offering and Ownership of Our Shares and ADSsThe exercise or conversion of outstanding stock options, founders warrants,
restricted shares, warrants and convertible notes into ordinary shares will dilute the percentage ownership of our other shareholders and the sale of such shares may adversely affect the market price of the ADSs.
Corporate Information
We were
incorporated as Sequans Communications S.A., a société anonyme under the laws of the Republic of France, or France, on October 7, 2003, for a period of 99 years. We are registered at the Nanterre Commerce