Sequans and STMicroelectronics Introduce New LTE Tracker Platform to Connect and Locate Objects Everywhere

CLOE to be demoed at Mobile World Congress Americas

Paris, France; Geneva, Switzerland - September 7, 2017 - Sequans Communications S.A. (NYSE: SQNS), a leading LTE chipmaker, and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today introduced CLOE, a new LTE-connected tracker platform based on the integration of Sequans and ST technologies. An acronym of Connecting and Locating Objects Everywhere, CLOE combines the Internet-of-Things (IoT) technologies of two industry leaders into one comprehensive platform that simplifies the development of LTE-based IoT tracker devices for the full range of vertical markets, including logistics, consumer electronics, and automotive.

Specifically designed and optimized for OEMs and ODMs to add IoT tracking capability to their product offerings, CLOE integrates Sequans' Monarch LTE Cat M1/NB1 chip and ST's Teseo III Global Navigation Satellite System (GNSS) chip for industry-leading communications and satellite-based tracking performance

"CLOE targets multiple vertical markets with best-in-class performance for all of the important tracking measures: battery life, location accuracy, reachability, mobility, and reporting periodicity," said Antonio Radaelli, Infotainment BU Director, STMicroelectronics. "'Componentizing' ST's navigation technology and Sequans' LTE modem technology makes CLOE an ideal platform to build trackers of all types---anything a developer can think of."

"The tight integration of ST's latest-generation Teseo chip with our Monarch LTE chip results in a power-optimized, cost-effective, all-in-one solution to speed new IoT tracker devices to market in a very short time," said Danny Kedar, VP of Sequans IoT business unit. "CLOE delivers ultra reliable LTE connectivity with ultra low power consumption, and high performance GNSS and accelerometer performance, including lowest Time To First Fix (TTFF)."

CLOE Key Features

·         Turnkey cellular tracker solution for OEMs and ODMs, anywhere in the world

·         Chipset integrates PMU, LTE, GNSS, memories, and MCU

·         First-to-market, operator-certified

·         LTE Cat M1/NB1 dual-category

·         Covers all worldwide LTE bands with a single hardware design

·         Industry-leading GNSS accuracy and Time To First Fix

·         Support for autonomous or server-based Assisted GPS (AGPS) for optimal Time To Fix

·         Designed to address multiple track & trace segments, including

                  o   Logistics

                  o   Consumer electronics

                  o   Automotive

·         Optimized for low power consumption and cost

·         Modular design includes GNSS, cellular connectivity, MEMS; can be expanded to include other sensors, Bluetooth, and/or Wi-Fi.

CLOE is designed and optimized for production based on a full bill of materials (BOM) that includes LTE, GNSS, accelerometer, power supply, battery management, LED, and button management. The modular design enables copy/paste and optimizes BOM cost. CLOE is easily customizable.

CLOE will be demonstrated live at Mobile World Congress Americas, San Francisco, September 12-14, at Sequans' stand N.501 in the north hall. CLOE will be offered by both Sequans and ST, and availability is scheduled for Q4. For sales information contact [email protected].

Forward looking statements

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading provider of single-mode 4G LTE semiconductor solutions for the Internet of Things (IoT) and a wide range of broadband data devices. Founded in 2003, Sequans has developed and delivered seven generations of 4G technology and its chips are certified and shipping in 4G networks around the world. Today, Sequans offers two LTE product lines: StreamrichLTE(TM), optimized for feature-rich mobile computing and home/portable router devices, and StreamliteLTE(TM), optimized for M2M devices and other connected devices for the IoT.  Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Sweden, Taiwan, South Korea, and China. Visit Sequans online at www.sequans.com; www.facebook.com/sequans; www.twitter.com/sequans

About STMicroelectronics
ST is a global leader in the semiconductor market, serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented. In 2016, the Company's net revenues were $6.97 billion. Further information on ST can be found at www.st.com.

Media contacts:

Sequans media relations: Kimberly Tassin (USA), +1.425.736.0569, [email protected]

Sequans investor relations: Claudia Gatlin (USA), +1 212.830.9080, [email protected]

ST media relations: Michael Markowitz (USA), +1 781.591.0354, [email protected]

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