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Sequans and GeoTraq Introduce a New Line of LTE for IoT Cellular Modules

Ultra-small, fully-integrated module with eSim support non-IP data delivery for a comprehensive solution, establishing a new class of IoT modules

LAS VEGAS, Jan. 4, 2019 /PRNewswire/ -- LTE for IoT chipmaker Sequans Communications S.A. (SQNS) and GeoTraq, a cellular IoT module manufacturer and network operator providing global connectivity wrapped into one simple, all-inclusive, IoT solution, announced today that GeoTraq has adopted Sequans' Monarch LTE-M/NB-IoT Platform for a new series of GeoTraq modules targeting LTE for IoT markets. The new GeoTraq NB-400 series of IoT modules uses non-IP data delivery (NIDD), which GeoTraq believes offers the fastest, most secure, and efficient LTE connectivity, in an ultra-small form factor of 12 by 16 mm that includes connectors for sensor, battery, and antenna, resulting in the industry's most comprehensive module for worldwide use. The new GeoTraq modules also include the latest in LTE-based, low power positioning technology, delivering highly accurate indoor and outdoor positioning using only the LTE radio, thereby eliminating the cost and complexity of having to add GNSS or other radios.

"We chose Sequans, the leader in LTE for IoT chips, and the Monarch solution for our NB-400 series of modules, because of Sequans' proven success in the marketplace, and ability to deliver our required combination of small form factor, low cost, low power consumption, and seamless global coverage," said Gregg Sullivan, chief executive officer, GeoTraq. "As a company focused on delivering ROI to our customers through simple cellular IoT solutions that can be deployed with seamless global coverage for one low price, we found what we were looking for in Sequans' Monarch technology."

The GeoTraq NB-400 series of modules is designed on the same principles as GeoTraq's G-200 GSM Cell ID module that is efficiently designed with an ultra small form factor, a price affordable enough to be disposable, battery optimization for 10+ years of battery life, and tier 1 global cellular coverage in 193+ countries.  GeoTraq's patent-pending technology allows for global non-IP data delivery over the control channel, providing the most efficient design, extremely secure data delivery, and speeds 7x faster than SMS.

"GeoTraq is delivering the creative solutions the IoT industry needs," said Danny Kedar, VP of Sequans' IoT business unit. "GeoTraq's NB-400 modules offer a low-cost solution with a data plan that is ideally suited for sensor-based applications."

For the first NB-400 module, GeoTraq is using Sequans Monarch SiP, which is the world's most highly-optimized LTE-M/NB-IoT chip combined with the universal radio front end of Skyworks. Monarch provides full support for power saving mode (PSM) and extended discontinuous reception (eDRX) to enable the long battery life needed by many IoT use cases, and it provides the enhanced coverage modes that extend coverage for deep-indoor and remote deployments. For LTE positioning, Monarch incorporates the positioning technology of Polte for accurate, low power indoor and outdoor positioning capability using only the LTE radio. Monarch delivers programmable RF filtering for global band support in a Single-SKU™, and proprietary dynamic power management technology enabling rock bottom low power consumption of 1 micro amp. Monarch is certified by operators worldwide.

GeoTraq expects the modules will be available for testing in Q2 and samples of the first GeoTraq NB-400 module will be on display at CES in Sequans' meeting room, Toscana 3603 at the Venetian Sands Convention Center. Please contact events@sequans.com to schedule a meeting with Sequans.

Forward Looking Statements

This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold (ii) unexpected increases in our expenses, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, (ix) our inability to execute on strategic alliances, (x) the impact of natural disasters on our sourcing operations and supply chain, and(xi) other factors detailed in documents we file from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

About GeoTraq

GeoTraq is a cellular IoT module manufacturer and network operator that is committed to creating real ROI's for customers through simple cellular IoT modules that are quick to deploy, easy to maintain, and provide the right data, at the right time.  Intelligently designed integrated modules, that provide "service in a module", customers get form factors smaller than a penny, cellular power saving mode, and non-IP Data delivery over Tier-1 cellular connectivity across 193 countries, delivering ubiquitous global coverage.  Leveraging existing network infrastructure, and understanding the basic needs of IoT communications, GeoTraq has created a low power, long range, cost competitive communications solution. Visit GeoTraq online at www.GeoTraq.com.

GeoTraq contact:
Tiffani Neilson (USA), +1.702.757.4080; tneilson@geotraq.com

About Sequans Communications

Sequans Communications S.A. (SQNS) is a 4G chipmaker and leading provider of single-mode LTE chipset solutions to wireless device manufacturers worldwide. Founded in 2003, Sequans has developed and delivered six generations of 4G technology and its chips are certified and shipping in 4G networks, both LTE and WiMAX, around the world. Today, Sequans offers two LTE product lines: StreamrichLTE™, optimized for feature-rich mobile computing and home/portable router devices, and StreamliteLTE™, optimized for M2M devices and other connected devices for the Internet of Things.  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

Sequans contacts:
Media relations: Kimberly Tassin (USA), +1.425.736.0569, kimberly@sequans.com 
Investor relations: Claudia Gatlin (USA), +1 212.830.9080, claudia@sequans.com