New LTE CAT M products will speed Low Power Wide Area deployments on
America’s largest and most reliable LTE network
Company Website:
http://www.sequans.com
PARIS & BASKING RIDGE, N.J. -- (Business Wire)
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160204005653/en/
Contacts:
Sequans Communications S.A.
Media relations:
Kimberly Tassin
(USA), +1-425-736-0569
kimberly@sequans.com
or
Investor
relations:
Claudia Gatlin (USA), +1-212-830-9080
claudia@sequans.com
Source: Sequans Communications S.A.
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