Sequans Communications (SQNS) Announces $15M Licensing Agreement
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Sequans Announces a New $15 Million Licensing Agreement
June 18, 2024 6:02 AM EDTReinforcing Licensing Business Strategy
Paris, France--(Newsfile Corp. - June 18, 2024) - Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G semiconductors and modules, today announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform.
This agreement grants our license partner the right to manufacture and market the Monarch 2 chip under their brand name. The deal includes an initial payment of $15 million, with the opportunity for additional revenue in subsequent years.
"We are pleased to enter into this licensing agreement with a leading technology company, which... More
