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Associated Press
03-04-2025
- Business
- Associated Press
Sequans Communications Regains NYSE Listing Compliance
Paris, France--(Newsfile Corp. - April 3, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that it has regained compliance with the New York Stock Exchange (NYSE) continued listing standards. 'We are pleased to regain full compliance with the NYSE standards and appreciate the continued support of our investors and stakeholders as we focus on delivering value and strengthening our position as a technology leader,' said Georges Karam, CEO of Sequans Communications. 'We remain fully committed to executing our long-term strategy of driving innovation in the cellular IoT space and accelerating business growth.' On April 9, 2024, the NYSE notified Sequans of its non-compliance due to the Company's average global market capitalization falling below $50 million over a consecutive 30-trading-day period, while at the same time, its stockholders' equity was below $50 million. Additionally, the average closing price of the Company's American Depositary Shares (ADSs) was below $1.00 per share over a consecutive 30-trading-day period. To address these deficiencies and restore compliance, Sequans took corrective actions, including adjusting the ratio of its ordinary shares represented by ADSs, effective October 9, 2024, and increasing its stockholders' equity and market capitalization following the $200 million strategic transaction that closed September 30, 2024. The change in exchange ratio had the same effect as a 1-for-2.5 reverse stock split of the ADSs, effectively increasing the trading price of the ADSs to meet NYSE listing requirements. The gains from the strategic transactions resulted in a significant increase in stockholders' equity. Following these measures, the NYSE has confirmed that Sequans is now fully compliant with all applicable listing requirements. Forward-Looking Statements This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including the impact of the recently closed ACP acquisition on product innovation, growth prospects and future revenue expectations. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-Looking statements also often use words such as 'anticipate,' 'target,' 'continue,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'goal,' 'believe,' 'hope,' 'aims,' 'continue,' 'could,' 'project,' 'should,' 'will' or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement. Forward-Looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, potential adverse reactions or changes to business relationships resulting from the completion of the transaction; significant or unexpected costs, charges or expenses resulting from the transaction; and negative effects of the transaction on the market price of Sequans' ADS. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2023, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law. About Sequans Communications Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.
Yahoo
03-04-2025
- Business
- Yahoo
Sequans Communications Regains NYSE Listing Compliance
Paris, France--(Newsfile Corp. - April 3, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that it has regained compliance with the New York Stock Exchange (NYSE) continued listing standards. "We are pleased to regain full compliance with the NYSE standards and appreciate the continued support of our investors and stakeholders as we focus on delivering value and strengthening our position as a technology leader," said Georges Karam, CEO of Sequans Communications. "We remain fully committed to executing our long-term strategy of driving innovation in the cellular IoT space and accelerating business growth." On April 9, 2024, the NYSE notified Sequans of its non-compliance due to the Company's average global market capitalization falling below $50 million over a consecutive 30-trading-day period, while at the same time, its stockholders' equity was below $50 million. Additionally, the average closing price of the Company's American Depositary Shares (ADSs) was below $1.00 per share over a consecutive 30-trading-day period. To address these deficiencies and restore compliance, Sequans took corrective actions, including adjusting the ratio of its ordinary shares represented by ADSs, effective October 9, 2024, and increasing its stockholders' equity and market capitalization following the $200 million strategic transaction that closed September 30, 2024. The change in exchange ratio had the same effect as a 1-for-2.5 reverse stock split of the ADSs, effectively increasing the trading price of the ADSs to meet NYSE listing requirements. The gains from the strategic transactions resulted in a significant increase in stockholders' equity. Following these measures, the NYSE has confirmed that Sequans is now fully compliant with all applicable listing requirements. Forward-Looking StatementsThis press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including the impact of the recently closed ACP acquisition on product innovation, growth prospects and future revenue expectations. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-Looking statements also often use words such as "anticipate," "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement. Forward-Looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, potential adverse reactions or changes to business relationships resulting from the completion of the transaction; significant or unexpected costs, charges or expenses resulting from the transaction; and negative effects of the transaction on the market price of Sequans' ADS. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2023, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law. About Sequans CommunicationsSequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China. Sequans investor relations: Kim Rogers (USA), +1 385.831.7337, ir@ Sequans media relations: Linda Bouvet (France), +33 1 70 72 16 00 media@ To view the source version of this press release, please visit
Associated Press
04-03-2025
- Automotive
- Associated Press
Sequans Monarch Powers Coyote Nano 2.0 New Generation of Stolen Vehicle Tracker
Paris, France--(Newsfile Corp. - March 4, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading 4G/5G IoT semiconductor company, today announced that Coyote, the European leader in connected driver assistance services, has selected Sequans Monarch® technology to connect its latest generation of trackers, named Coyote Nano 2.0, to cellular LPWA networks (and particularly LTE-M). The combination of Sequans Monarch technology with the multiple technologies use by Coyote sets a new benchmark in vehicle tracking. Coyote Nano 2.0 is a part of Coyote Secure, the market benchmark stolen vehicle recovery service, which has a proven track record, with 91% of stolen vehicles being recovered within 48 hours, demonstrating the effectiveness of the technology. 'We have been looking for the most robust, energy-efficient, and advanced RF performance cellular LPWA solution, and Sequans' Monarch technology has been a natural choice,' said Stéphane Curtelin, Marketing Products and Services Director at Coyote. 'We needed a wireless technology that could operate in the most challenging environments with the lowest power consumption possible and Sequans Monarch technology met our expectations.' The Coyote Nano 2.0 tracker is autonomous, resistant to jamming and tampering, and discreetly hidden in customers' vehicles. It has multiple wireless communication systems and location services and can operate in the most challenging RF environments. With Sequans Monarch, it connects seamlessly to cellular LPWA networks and provides extensive coverage across Europe and beyond, significantly increasing the chances of vehicle recovery. Engineered for longevity, the tracker boasts a target battery life of up to 5 years, ensuring continuous operation. 'We are honoured that Coyote has chosen our Monarch technology for their new stolen vehicle recovery tracker that cannot compromise on the performances of the communication,' said Georges Karam, CEO at Sequans. 'The partnership with Coyote underscores the exceptional capabilities of our technology in delivering high performance, low power consumption, and robust security features.' The integration of Sequans Monarch technology into Coyote's stolen vehicle recovery tracker represents a significant step forward in the fight against vehicle theft. By leveraging the latest advancements in cellular LPWA networks, this collaboration ensures that vehicle owners benefit from the most reliable and efficient tracking solution available today. About Sequans Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specialized in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China. To learn more, please visit About Coyote Founded in 2005, Coyote is the European leader in connected driver assistance services, offering innovative solutions for private drivers and professionals. A perfect alliance between people and technology, the Coyote services platform aims to improve the safety and comfort of its Community, with a commitment to excellence in its technologies. Since 2018, the Coyote Secure stolen vehicle recovery solution and a fleet management service have been added to the services platform to support drivers while securing their vehicles. Coyote is one of the largest aggregators of data on the roads, processing 25 billion items of information every month in real time from all the connected terminals of the 5 million members of the Coyote Community in Europe. The Coyote group, which has operations in France, Spain, Italy, Belgium and Luxembourg, and its services are available in 16 European countries. To learn more, please visit . Contacts Kim Rogers (USA) +1 385.831.7337 [email protected] Sequans Media Relations Linda Bouvet (France) +33 170721600 Coyote Media Relations Kevin VANEY 06.13.78.20.93 Agence Wellcom
Associated Press
03-03-2025
- Business
- Associated Press
Sequans Unveils Next Generation Cellular IoT Semiconductors at Mobile World Congress 2025
Introducing 5G eRedCap to Address Longevity Challenges for IoT Barcelona, Spain--(Newsfile Corp. - March 3, 2025) - Sequans Communications S.A. (NYSE: SQNS), a pioneer in cellular IoT technology, proudly unveils its third-generation low-power semiconductor solution, which consists of two new advanced chips added to Sequans' flagship Calliope and Monarch IoT product families. By enabling a seamless transition from 4G low-speed modem categories to 5G eRedCap, these chips address the longevity challenges faced by most IoT applications. Additionally, they feature a significant leap in innovation, delivering major enhancements in power consumption, integration, and cost efficiency. The development of these chips benefits from the French 2030 grant awarded to Sequans in 2024 by the French government. Calliope 3: Building on the success of the leading Calliope 2 Cat 1bis solution, Calliope 3 adds 5G NR eRedCap to LTE Cat 1bis, offering longevity with improved data rates and robust connectivity. This makes the Calliope product line an ideal solution for IoT applications requiring reliable and cost-effective connectivity, including fleet management, wearables, and security devices. Monarch 3: Completing the best-in-class LTE-M/NB-IoT Monarch 2 solution, Monarch 3 adds 5G NR eRedCap to LTE-M, providing longevity and ultra-low power efficiency for a wide range of cellular LPWA applications. The Monarch product line is designed to meet the growing demand in industries such as smart metering, healthcare, and asset tracking. Users of Calliope 2 (LTE Cat 1bis) and Monarch 2 (LTE-M/NB-IoT) now have a clear roadmap to manage their transition to 5G NR eRedCap. Calliope 3 and Monarch 3 modules will be footprint and software compatible with Calliope 2 and Monarch 2 modules. Sequans plans to begin providing samples to customers in 2026. 'We are excited to introduce our new generation of cellular IoT semiconductors at Mobile World Congress 2025,' said Georges Karam, CEO of Sequans. 'With the support of 5G eRedCap and enhanced performance, these new chips demonstrate our commitment to innovation and our dedication to providing our customers with the most advanced and efficient cellular connectivity addressing their specific IoT needs.' 'As network operators plan their migration from 4G to 5G, it is critical to have 5G eRedCap semiconductors purpose-built for the IoT to achieve the cost and power efficiency needed for IoT applications,' said Dan Shey, VP at ABI Research. 'Offering products that enable a seamless transition of IoT applications from 4G to 5G eRedCap is extremely important so IoT application designers can develop future-proof products.' Sequans is exhibiting at Mobile World Congress 2025 from March 3 rd to March 6 th in Hall 5, Stand 5E61. Attendees are invited to visit and learn more about these new cutting-edge technologies. About Sequans Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.
Yahoo
03-03-2025
- Business
- Yahoo
Sequans Unveils Next Generation Cellular IoT Semiconductors at Mobile World Congress 2025
Introducing 5G eRedCap to Address Longevity Challenges for IoT Barcelona, Spain--(Newsfile Corp. - March 3, 2025) - Sequans Communications S.A. (NYSE: SQNS), a pioneer in cellular IoT technology, proudly unveils its third-generation low-power semiconductor solution, which consists of two new advanced chips added to Sequans' flagship Calliope and Monarch IoT product families. By enabling a seamless transition from 4G low-speed modem categories to 5G eRedCap, these chips address the longevity challenges faced by most IoT applications. Additionally, they feature a significant leap in innovation, delivering major enhancements in power consumption, integration, and cost efficiency. The development of these chips benefits from the French 2030 grant awarded to Sequans in 2024 by the French government. Calliope 3: Building on the success of the leading Calliope 2 Cat 1bis solution, Calliope 3 adds 5G NR eRedCap to LTE Cat 1bis, offering longevity with improved data rates and robust connectivity. This makes the Calliope product line an ideal solution for IoT applications requiring reliable and cost-effective connectivity, including fleet management, wearables, and security devices. Monarch 3: Completing the best-in-class LTE-M/NB-IoT Monarch 2 solution, Monarch 3 adds 5G NR eRedCap to LTE-M, providing longevity and ultra-low power efficiency for a wide range of cellular LPWA applications. The Monarch product line is designed to meet the growing demand in industries such as smart metering, healthcare, and asset tracking. Users of Calliope 2 (LTE Cat 1bis) and Monarch 2 (LTE-M/NB-IoT) now have a clear roadmap to manage their transition to 5G NR eRedCap. Calliope 3 and Monarch 3 modules will be footprint and software compatible with Calliope 2 and Monarch 2 modules. Sequans plans to begin providing samples to customers in 2026. "We are excited to introduce our new generation of cellular IoT semiconductors at Mobile World Congress 2025," said Georges Karam, CEO of Sequans. "With the support of 5G eRedCap and enhanced performance, these new chips demonstrate our commitment to innovation and our dedication to providing our customers with the most advanced and efficient cellular connectivity addressing their specific IoT needs." "As network operators plan their migration from 4G to 5G, it is critical to have 5G eRedCap semiconductors purpose-built for the IoT to achieve the cost and power efficiency needed for IoT applications," said Dan Shey, VP at ABI Research. "Offering products that enable a seamless transition of IoT applications from 4G to 5G eRedCap is extremely important so IoT application designers can develop future-proof products." Sequans is exhibiting at Mobile World Congress 2025 from March 3rd to March 6th in Hall 5, Stand 5E61. Attendees are invited to visit and learn more about these new cutting-edge technologies. About Sequans Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China. Visit Sequans at and follow us on LinkedIn and X. Sequans investor relations: Kim Rogers (USA), +1 385.831.7337, ir@ media relations: Linda Bouvet (France), +33 1 70 72 16 00 media@ To view the source version of this press release, please visit Sign in to access your portfolio
