SEQUANS COMMUNICATIONS Business Summary

Sequans Communications (NYSE: SQNS) is a leading fabless semiconductor company specializing in 4G and 5G cellular IoT connectivity solutions. The company generates revenue through the design and sale of high-performance chipsets and modules, as well as through intellectual property (IP) licensing and advanced design services for ecosystem partners. Its primary business segments are categorized into Massive IoT, focusing on low-power LTE-M and NB-IoT applications like smart metering, and Broadband IoT, which targets high-speed 4G Cat 1bis and 5G RedCap/eRedCap solutions for industrial and automotive markets. Uniquely, as of early 2026, Sequans has integrated a Bitcoin treasury strategy, utilizing the digital asset as its primary reserve to optimize capital allocation. The company competes directly with industry giants such as Qualcomm, Nordic Semiconductor, and u-blox, positioning itself as a specialized, pure-play alternative that provides highly optimized, non-smartphone cellular silicon. Leadership is anchored by co-founder Dr. Georges Karam, who serves as Chairman and CEO, bringing a pedigree from senior roles at Juniper Networks and Alcatel. The executive team includes co-founder Bertrand Debray, currently serving as Chief of Staff and acting Executive Vice President of Engineering, and Dr. Qiuting Huang, a renowned RF CMOS expert who joined in 2025 following the acquisition of ACP. The company’s strategic direction is further guided by a high-profile board of directors, including Jason W. Cohenour, the former CEO of Sierra Wireless who joined in mid-2025. Notable institutional support and significant individual backing come from major investors such as Daniel Asher, Oasis Management, and Polar Asset Management, reflecting a shareholder base focused on the company's dual-track growth in 5G IoT innovation and digital asset management.