Motorola invests in Sequans
Transaction managed by Clipperton Finance
PARIS and CUPERTINO, CA– November 29, 2006 – SEQUANS Communications, a leading supplier and developer of fixed and mobile WiMAX semiconductor solutions, has received substantial investment capital from Motorola, Inc. (NYSE: MOT), through Motorola Ventures, its strategic venture capital arm. The investment is an extension of Sequans’ recent round of funding announced in July.
SEQUANS Communications is a leading supplier of fixed and mobile WiMAX silicon and software based on 802.16 standards. Offering both base station and subscriber station system-on-chips (SoCs) for both fixed and mobile WiMAX (802.16-2004 and 802.16e-2005), Sequans offers equipment manufacturers an all-in-one solution with full MAC and PHY functionality, enabling them to build a complete range of WiMAX network components: high-end macro and pico base stations, outdoor and indoor subscriber terminals, home gateways, and all types of mobile devices. Sequans, along with its RF partners, provides the most complete WiMAX solution available to system manufacturers today. Sequans is based in Paris, France, with offices in the USA, Israel and Singapore. Please visit 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.