Sequans and Avnet Execute Global Distribution Deal
February 12 2020 - 8:00AM
Business Wire
- Avnet is exclusive distributor of Monarch
Go, certified by Verizon
- Agreement covers Sequans’ portfolio of IoT
chips, modules, and development platforms
Sequans Communications S.A. (NYSE: SQNS) and Avnet (NASDAQ:
AVT), a leading global technology solutions provider, today
announced a distribution agreement whereby Avnet will promote and
sell Sequans’ IoT chips and modules and will exclusively promote
and sell Monarch Go, an LTE-M/NB-IoT modem component designed for
and certified by Verizon. Monarch Go enables new IoT devices to
launch on Verizon with no additional testing required,
significantly reducing time to market.
The objective of the Sequans and Avnet agreement is to serve
target markets by leveraging the industry-leading wireless
components of Sequans and the extensive engineering expertise and
distribution power of Avnet. In addition to Monarch Go, Avnet will
resell and promote Sequans’ other IoT module solutions, including
solutions for IoT/M2M, broadband/CBRS, and all of their associated
evaluation and development kits.
“Avnet is a leader in marketing and selling IoT solutions,
continually expanding its suite of IoT components for developers,
focused on accelerating the growth of the ecosystem,” said Nick
Taluja, VP of sales, Sequans. “Extending the reach of our chips and
modules via Avnet’s extensive worldwide marketing channels will
ensure that our IoT modules and solutions get to customers who need
them as quickly as possible.”
“Avnet is committed to advancing IoT innovation and supporting
our customers and suppliers as they deliver real-world IoT
solutions,” said Lou Lutostanski, Avnet VP of IoT. “Avnet helps
customers put all the pieces of an IoT solution together from the
device and the gateway to the software, data and insights. We
welcome the opportunity to extend our global IoT ecosystem with
Monarch Go and Sequans’ extensive portfolio of IoT chips, modules
and development platforms.”
Monarch Go, announced yesterday by Verizon and Sequans, is based
on Sequans’ Monarch LTE-M technology and was designed and built for
Verizon in order to offer device makers the lowest total cost of
ownership and shortest possible route to market for new IoT devices
launching on Verizon. Monarch Go comes certified by Verizon as an
end device, with no further certification required in the USA,
drastically reducing the time to market to a matter of days.
Monarch Go comes with a Verizon data plan and a pre-installed
ThingSpace IoT SIM.
In addition to Monarch Go, Sequans’ products available through
Avnet include the industry-leading Monarch LTE-M/NB-IoT chip
platform, and Monarch modules GM01Q (dual-mode LTE-M/NB-IoT) and
NB01Q (single mode NB-IoT). Also included are Sequans Calliope LTE
Cat 1 products, Colibri LTE Cat 4 products, and Cassiopeia LTE Cat
6 products.
Visit the Sequans storefront on Avnet’s website here.
About Avnet
Avnet is a global technology solutions provider with an
extensive ecosystem delivering design, product, marketing and
supply chain expertise for customers at every stage of the product
lifecycle. We transform ideas into intelligent solutions, reducing
the time, cost and complexities of bringing products to market. For
nearly a century, Avnet has helped its customers and suppliers
around the world realize the transformative possibilities of
technology. Learn more about Avnet at www.avnet.com.
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/20200212005163/en/
Avnet Media Relations: Jeanne Forbis; jeanne.forbis@avnet.com;
480-643-7499 Brodeur Partners, for Avnet: Alex Jafarzadeh;
ajafarzadeh@brodeur.com; 617-587-2846
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
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