IoT News

Sequans licenses Monarch 2 LTE-M/NB-IoT platform

June 19, 2024

Posted by: Magda Dabrowska

Guarantee Approved Authorized Certified Concept

Image by on Freepik

Sequans Communications has announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform.

This agreement grants their 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 underscores the exceptional value of our Monarch 2 technology for massive IoT cellular applications,” said Georges Karam, the CEO of Sequans. “This partnership not only expands our revenue potential but also creates significant mutual benefit for both organisations and paves the way for future collaborative opportunities. In addition to our product offering, Sequans has a proven track record of generating revenue through licensing agreements, and we intend to enhance and expand this strategy.”

Comment on this article below or via X: @IoTGN and visit our website IoT Global Network