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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. |
