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