Sequans Modem
Sequana River
| Broadband and Critical IoT We are seeing CBRS beginning to generate revenue and we expect this ramp to accelerate during the second half of this year. Last week we announced two design wins with AMIT Wireless to facilitate distance learning using CBRS private networks. As we’ve mentioned previously, we have more than a dozen customers, including Telit as a module partner, intending to serve private networks for factories, utilities, campuses, stadia, and transportation hubs such as airports and train stations. Over time, we think the CBRS market has very good potential, particularly since we are beginning to see some mobile computing applications for tablets and MiFi devices to repeat what we said a month ago. We are gaining traction in emerging markets as expected. Our business from emerging markets doubled in 2020 from a very low base in 2019 We see the potential for it to double again in 2021 and make a more significant contribution to Broadband revenue. We are working to close a couple of sizeable new projects for our Cat 4/Cat 6 products with existing customers in the U.S., and we are engaged with a few others in Europe as well. We continue to expect the JetPack demand to be at pre-COVID levels during 2021 and, in the very short term, there is also some excess inventory they will need to work down. We saw some impact from this in Q4, as JetPack-related revenue declined from the peak of Q3. We never expected JetPack demand to remain at COVID-surge levels, therefore, all our previously-communicated long-term growth targets have assumed that the primary demand driver in 2021 would be Massive IoT and that Broadband IoT would be, best case, flat versus 2020, but more likely somewhat lower because the growth in CBRS and emerging markets may not be enough to completely offset the decline in portable router-related business. For this reason, we are especially pleased by the recent good news I just discussed within Massive IoT because it gives us additional confidence that demand from Massive IoT will more than compensate for lack of growth in Broadband IoT as a whole. On the Broadband 5G front, we are making very good progress on our 5G Taurus Platform development. The major strategic deal we have with our Fortune Global 500 partner is on track since Q4 2019, and we to expect to recognize more revenue in 2021 than we did in 2020 Note that we track this revenue in the Vertical category because the services project is so large, it would distort the broadband category from quarter to quarter and the Vertical category is typically lumpy anyway. Once we start to have product revenue from this customer, it will be counted in the Broadband category as 5G product. Also, as mentioned earlier, in Q4 Renesas became a module partner for 5G, in a deal of around $5 million, with revenue to be recognized over 2021 and 2022 This new deal expands our go-to-market partnership from Massive IoT to cover also 5G Broadband IoT. Finally, we recently announced that we were chosen to lead a consortium of seven French companies in one of only four projects awarded by the French government to support technologies it deemed strategic for the national interest. This award comes with funding in the form of a grant of approximately $6.7 million. The work of the consortium will be aimed at securing national sourcing for strategic technology for critical industrial, medical and scientific markets and delivering end-to-end 5G solutions for public and private networks, with particular focus on the enterprise market. From the strategic perspective, the partnerships, the companies interested in being 5G alpha customers, the government grant . . . all these illustrate a point we’ve been making – which is the scarce resource we represent, particularly when it comes to 5G. It appears this scarcity factor is beginning to be recognized in our valuation. |
Using the included PH000 screw driver, I removed the 2 Phillips-head screws which mount the module to the green PCB so that I could gain access to the SIM card bay of the Monarch Go. This isn't a necessary step, but I was curious to see if there really was a Verizon SIM card installed in this kit. Sequans provides IoT device makers 4G and 5G chip and module solutions to support the design of virtually any type of IoT device — from the highest performance LTE Broadcast dongle or M2M industrial router to the simplest, lowest power-consuming sensor, utility meter, or asset tracker. SEE HOW WE ARE DOING IT.
Sequans Communications S.A. (NYSE: SQNS), a leading maker of 5G/4G chips and modules for massive, broadband and critical IoT, and e-peas, supplier of advanced energy harvesting and processing. If you have questions or wish to request additional information, you may send an inquiry to Sequans’ Investor Relations office. Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 5G and 4G chips and modules for massive, broadband, and critical IoT. Confidential and Proprietary SEQUANS Communications 2 Installation Procedures 2.1 Prerequisites 2.1.1 Hardware Sequans’ VZ120Q LGA module (soldered on an M.2 adaptation board) requires a Windows® PC, running Windows 8, Windows XP or Window7 with either a M.2 host connector or an USB 2.0 port.