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    Sequans secures funding from Alcatel-Lucent and Motorola Ventures for LTE Development

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  • DECEMBER

    Sequans secures funding from Alcatel-Lucent and Motorola Ventures for LTE Development

    Transaction managed by Clipperton Finance



    Paris, France - December 1, 2009

    Clipperton Finance, a leading European corporate finance boutique focused on the High Tech and Media industries, today announced the closing of a capital raising for Sequans, at an undisclosed amount. Sequans, a recognized leader in WiMAX semiconductor solutions, recently announced its foray into LTE, stating its intention to develop LTE and WiMAX semiconductor solutions in parallel.

    Alcatel-Lucent and Motorola Ventures, the investment arm of Motorola, two of the world's leading system vendors, led the round, which also included the participation of Sequans' other existing investors. Sequans will use the new funding to accelerate its LTE development timeline and to add resources to its LTE teams, and intends to demonstrate its first LTE samples in early 2010 in support of pre-commercial operator trials.


    This transaction was led by Clipperton Finance, acting as Sole Manager.


    Commenting on the transaction, Georges Karam, CEO of Sequans, said: "Our expansion into LTE has been part of our long term strategy for about two years and is a natural progression for us. Our long experience with operators and OEMs combined with the tremendous base of knowledge we've accumulated over the last five years developing WiMAX silicon, puts us in an excellent position to deliver industry-leading semiconductor solutions for LTE as we have done for WiMAX. We are grateful for the backing of Alcatel-Lucent and Motorola and look forward to a close collaboration in bringing powerful new 4G technology to reality."


    Nicolas von Bülow, Partner with Clipperton Finance and in charge of the transaction, commented the new financing: "Sequans being one of our long standing clients, we are particularly pleased by this new financing that will contribute to accelerate Sequans' developments into LTE, and further strengthen the company's quite unique competitive position in the overall 4G silicon playground."



    For more information, please contact:


    Clipperton Finance
    Nicolas von Bülow, Partner
    nvonbulow@clipperton.net
    Thibaut Revel, Partner
    trevel@clipperton.net
    Alexis Barba, Associate
    abarba@clipperton.net


    About Sequans

    Sequans Communications is a world-leading 4G chipmaker, supplying LTE and WiMAX chips to equipment manufacturers and mobile operators globally. Founded in 2004 to address the WiMAX opportunity where it is now a global leader, Sequans has recently expanded to address the LTE market. Sequans chips are inside the world's leading WiMAX networks and will soon be inside the world's leading LTE networks. Sequans is based in Paris, with additional offices throughout the world, including USA, United Kingdom, Israel, Japan, Hong Kong, Singapore, and Taiwan. www.sequans.com


    About Clipperton Finance

    Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector. For more information, visit www.clipperton.net