Sequans Expands Business with Technology Licensing
Sequans Communications S.A., a leading provider of chips for massive IoT, is expanding its business model. The company announced it will now offer technology and intellectual property (IP) licensing. This new strategy aims to increase revenue and expand the reach of Sequans’ technology.
The company’s chips are used in many Internet of Things (IoT) devices. These devices connect to the internet and can be controlled remotely. Sequans’ technology is known for its efficiency and reliability.
New Licensing Opportunities
Sequans will now license its technology to other companies. This allows these companies to use Sequans’ technology in their own products. Sequans believes this will create new opportunities for growth.
The company expects that licensing deals will provide a steady stream of income. This income can then be reinvested into research and development.
Focus on 5G and IoT
Sequans is focused on developing chips for 5G and IoT devices. 5G is the latest generation of wireless technology. It offers faster speeds and lower latency than previous generations. This makes it ideal for IoT devices.
IoT devices are becoming increasingly popular in homes and businesses. They can be used to monitor energy usage, track assets, and automate tasks.
Management Comments
Georges Karam, Sequans’ CEO, stated that they are excited about this new phase. He believes it confirms the value of their technology. He also anticipates that the licensing model will lead to growth and financial success.
Financial Expectations
Sequans expects that technology licensing will add to its revenue. They believe it will improve their financial performance in the long run. The company is actively seeking partners for licensing agreements.
About Sequans Communications
Sequans Communications S.A. designs, develops and supplies 5G and 4G chips for massive IoT applications. It was founded in 2003 and is based in Paris, France.
Sequans is a leader in the massive IoT market. The company’s chips are used in a wide range of IoT devices, including smart meters, asset trackers, and security cameras.
In addition, Sequans is committed to innovation. The company invests heavily in research and development to create new and improved chips for IoT devices.
Source: stocktitan.net
