Sequans Introduces StreamliteLTE, a New Line of Chips for the Internet of Things

PARIS--(BUSINESS WIRE)--4G chipmaker Sequans Communications S.A. (NYSE:SQNS) today introduced StreamliteLTE™, a new line of LTE semiconductor solutions aimed at the market for Internet-connected devices. Designed to be the right size at the right cost to enable affordable consumer electronics (CE) and machine-to-machine (M2M) devices for the mass market, StreamliteLTE products deliver the required level of performance for this market plus ultra low power consumption at a low total cost. The StreamliteLTE product family joins Sequans’ primary LTE product family, StreamrichLTE, which solutions deliver maximum LTE throughput of 150 Mbps and advanced features for high-end, feature-rich LTE smartphones, tablets, and other devices that require superior performance.

“Now that we have both StreamliteLTE and StreamrichLTE product lines, we are able to offer optimal solutions for all device segments—from the most sophisticated smartphone to the simplest M2M device—with price and performance that fits exactly.”

“We established StreamliteLTE because we recognized the need for chip solutions that fit the large and growing market for LTE Internet-connected devices,” said Georges Karam, Sequans CEO. “These devices—digital cameras, e-readers, portable gaming devices, digital signs—require a price/performance ratio very different from that required by high-end smartphones and tablets. Our StreamliteLTE solutions are designed to meet this requirement by providing designers with the perfect level of performance and features needed for this market, while eliminating what is not needed, thus optimizing the cost significantly.

“Now that we have both StreamliteLTE and StreamrichLTE product lines, we are able to offer optimal solutions for all device segments—from the most sophisticated smartphone to the simplest M2M device—with price and performance that fits exactly.”

According to ABI Research, LTE-enabled CE devices are a natural evolution of WiFi-enabled CE devices and they forecast that the LTE-connected devices market, which includes CE, M2M, and other non-handset devices, will account for more than 30 percent of the overall LTE market by 2016.

The first chip in Sequans’ StreamliteLTE product family is the SQN3101 Firefly — a fully capable LTE baseband chip that delivers up to 50 Mbps of throughput with ultra low power consumption. SQN3101 Firefly is available now.

“We are very pleased to introduce StreamliteLTE and Firefly today,” said Georges Karam. “We believe LTE will soon be everywhere and, because of its unprecedented longevity and scalability, will be used for nearly everything that requires a wireless connection. We believe Firefly’s exceptional power and cost efficiency will drive LTE’s adoption into the Internet of things.”

See Sequans at 4G World in Chicago next week: booth 429.

Cautions regarding forward-looking statements

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a 4G chipmaker, supplying LTE and WiMAX chips to original equipment manufacturers and original design manufacturers worldwide. Founded in 2003 to address the WiMAX market, the company expanded in early 2009 to address the LTE market. Sequans is based in Paris, France with additional offices throughout the world, including 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.