Sequans Receives Major Funding Award for 5G Development from French Government
January 28 2021 - 8:00AM
Business Wire
Sequans to lead consortium developing
critical IoT solutions
Sequans Communications S.A. (NYSE: SQNS), leading provider of
chips and modules for 4G and 5G broadband, critical, and massive
IoT, has received a multi-million dollar grant from the French
government to support technologies the government has determined to
be strategic for the national interest. Sequans’ proposal was
accepted in the ICT and 5G category, aimed at securing national
sourcing of strategic technology for critical connected objects in
industrial, medical, scientific, and other markets. Sequans will
lead a consortium of seven French companies tasked with developing
5G technology solutions for these critical IoT applications. The
funding has been made available as part of a nationwide recovery
plan to mitigate the economic impact of the global pandemic.
“We are gratified that our proposal was chosen to receive this
funding that will strengthen our ability to bring critically
important 5G connectivity solutions with advanced capabilities to
market as quickly as possible,” said Georges Karam, Sequans CEO.
“This award, together with the funding we have received from
private 5G partnerships already in place, will enable us to
intensify our efforts on development of the broadband and critical
5G IoT solutions we are currently working on. We are honored to
join hands with the excellent companies making up our 5G consortium
and we look forward to delivering powerful 5G solutions that will
benefit our economy, our industry, and our country.”
The consortium members include Alsatis, a broadband service
provider; Amarisoft, a telecom software company; CEA-Leti, France’s
major technology research institute pioneering micro and
nanotechnologies, an aerospace and defense company; AW2S (Serma
Group), a specialist in embedded and RF systems and telecom
infrastructure equipments provider; SNCF, the French national
railway company and its subsidiary ITNOVEM dedicated to digital
transition.
SNCF monitors very closely the current development towards a
sovereign 5G dedicated to the needs of the company. The CRIIOT
project leads by Sequans fits perfectly into this trajectory. “We
are delighted to work with CRIIOT's partners to define, experiment
machine to machine solutions and their compatibilities with our
industrial constraints coming from our diverse use cases, from
predictive maintenance, rail network surveillance to real-time
remote operations,” said Sebastien Kaiser, e.SNCF Connectivity and
Networks Director.
Antoine Roussel, Alsatis CEO added: “After a decisive fight to
substantially reduce the digital divide, Alsatis now benefits of
the tremendous impulse generated by the 5G ecosystem. We intend to
put our expertise and our technical infrastructure at the service
of French industry’s renewed needs and sensitive sectors such as
public health. Along with this dynamic, Alsatis contributes to the
innovative project CRIIOT and thus helps building a French value
chain to meet the specific and professional applications.”
“CEA-Leti is eager to provide its solid expertise on mmWave
communications for 5G industrial networks to enable low power and
critical 5G IoT solutions and pioneer compact antenna arrays to
help the French industry on the road towards the next 5G+
generation in the mmWave spectrum,” said Emmanuel Sabonnadière,
CEA-Leti’s CEO.
“AW2S/Serma is proud to be an active contributor for this
project and to show that 5G ecosystem exists through the different
CRIIOT partners in France. Our goal is to provide innovative
solutions to address 5G markets and new associated use-cases,” said
Nicolas Breant, AW2S COO.
The consortium will be focused on delivering end-to-end
solutions for 5G public and private networks powered by 5G release
16 and beyond with a particular focus on enterprise markets.
About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a leading developer
and provider of 5G and 4G chips and modules for massive, broadband,
and critical IoT. 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, Finland,
Taiwan, South Korea, and China. Visit Sequans online at
www.sequans.com.
Forward Looking Statements
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210128005614/en/
Sequans media relations: Kimberly Tassin (USA), +1.425.736.0569,
kimberly@sequans.com Sequans investor relations: Claudia Gatlin
(USA), +1 212.830.9080, claudia@sequans.com
Sequans Communications (NYSE:SQNS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sequans Communications (NYSE:SQNS)
Historical Stock Chart
From Apr 2023 to Apr 2024