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Sequans recieves funds - Sequans

SEQUANS Communications talks at Paris EUROPLACE Financial Forum

Paris, France October 22, 2004 SEQUANS Communications, a fabless semi-conductor company in the 802.16/WIMAX space, was selected as a French start-up to participate in the 7th annual Financial Forum of Paris EUROPLACE that was held in New York City on October 4th. Paris EUROPLACE represents Paris as a financial hub to international investors. Over 600 representatives from New York's banking and financial community, as well as key executives from the Paris financial market, discussed the challenges and opportunities for transatlantic investment, with a special focus on high-tech companies.

Sequans designs and develops silicon and software for WiMAX, enabling service providers to deploy new radio network architectures with significant cost reductions. Created in Paris in 2003, Sequans has secured an initial funding of EUR 2M, and is currently in the process of closing a new round of financing from American and European investors. This will enable the company to pursue technical developments, as well as enable international expansion, especially in the US and Asia.

'This has been a great opportunity to speak amid such a distinguished audience. Sequans is leveraging the successful experience of the team in transatlantic entrepreneurship acquired at Pacific Broadband Communications,' said Georges Karam, President & CEO of SEQUANS Communications. 'This event has brought us key international exposure, as we complete a new round of financing from American and European investors.'

WiMAX is a broadband wireless access technology, with a typical range of 7-10 km and transfer rates of up to 75 Mbit per second in a 20 MHz channel. This technology, based on the IEEE 802.16 standard and promoted by the WiMAX Forum(TM) (www.wimaxforum.org), stands out for its technical performance and attractive deployment costs. Among the 150 members of the WiMAX Forum, a non-profit corporation, are semiconductor manufacturers such as Intel and Fujitsu, major system vendors such as Alcatel, Siemens, and Cisco, and telcos such as France Telecom and British Telecom. Its purpose is to ensure interoperability between different types of equipment through a certification program. This in turn enables WiMAX equipment to be offered at competitive prices, thus making WiMAX an alternative broadband access technology to cable and DSL.

About Sequans
SEQUANS Communications is a fabless semiconductor company created by a team of seasoned experts to become the leading supplier of silicon and software for Broadband Wireless Access. By providing integrated PHY and MAC solutions that seamlessly fit into system vendors' designs, SEQUANS greatly lowers cost of ownership of base stations and subscriber stations. SEQUANS delivers a standards-based solution, compliant with the requirements of the WiMAX Forum(TM). It also incorporates additional features for increased coverage and mobility, thus lowering deployment costs and enabling fixed, nomadic/portable and mobile applications. For more information about SEQUANS Communications, please visit www.sequans.com.

About Paris EUROPLACE
Paris EUROPLACE was created in 1993, as an organization in charge of promoting the Paris financial market. The association brings together players from every branch of the financial industry: issuers, investors, brokers, market authorities, lawyers, accountants and professional associations. The work done by Paris EUROPLACE in stimulating and coordinating activities within the Paris financial market is now widely recognized at an international level.


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