Strengthens Wi-fi IP and Expands Enterprise Alternatives
Sequans Communications S.A. (NYSE: SQNS), a number one supplier of 4G and 5G semiconductors and modules for the Web of Issues, right now introduced the acquisition of ACP Superior Circuit Pursuit AG (“ACP”), a Zurich-based firm acknowledged for its sturdy IP portfolio and experience in RF CMOS know-how.
The acquisition strengthens Sequans’ know-how management in 5G eRedCap growth and accelerates its time-to-market for next-generation IoT chips. As well as, ACP’s confirmed radio know-how and profitable observe report in promoting its know-how throughout numerous wi-fi market segments are anticipated to create new development alternatives for Sequans.
“We are thrilled to welcome the ACP team to Sequans,” mentioned Georges Karam, Chairman and CEO of Sequans. “Their advanced, ready-to-use technology and engineering expertise perfectly complement our existing capabilities and will be instrumental in driving our product innovations forward.”
“Joining Sequans marks a pivotal moment for the ACP team,” mentioned Dr. Qiuting Huang, CEO of ACP. “Sequans’ pioneering leadership in cellular IoT provides an ideal platform for integrating our technologies and accelerating innovation in the 5G IoT product roadmap.”
The acquisition brings a small, extremely expert group to Sequans with minimal influence on the corporate’s deliberate working bills for 2025. The acquisition is anticipated to generate modest income in 2025 and doubtlessly contribute a number of million {dollars} in 2026 via ACP’s current buyer relationships.
Karam concluded:
“The 5G eRedCap market is expected to surpass 4G IoT in scale, and this acquisition strengthens Sequans’ ability to capture this expanding market opportunity.”
The deal, structured as a money transaction, underscores Sequans’ means to execute its technique whereas sustaining disciplined monetary administration.
Ahead-Trying StatementsThis press launch accommodates sure statements which are, or could also be deemed to be, forward-looking statements with respect to the monetary situation, outcomes of operations and enterprise of Sequans, together with the influence of the lately closed ACP acquisition on product innovation, development prospects and future income expectations. These forward-looking statements embrace, however are usually not restricted to, statements that aren’t historic truth. These forward-looking statements may be recognized by the truth that they don’t relate to historic or present details. Ahead-looking statements additionally usually use phrases equivalent to “anticipate,” “target,” “continue,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “goal,” “believe,” “hope,” “aims,” “continue,” “could,” “project,” “should,” “will” or different phrases of comparable that means. These statements are based mostly on assumptions and assessments made by Sequans in gentle of its expertise and notion of historic tendencies, present circumstances, future developments and different components they consider applicable. By their nature, forward-looking statements contain threat and uncertainty, as a result of they relate to occasions and depend upon circumstances that can happen sooner or later and the components described within the context of such forward-looking statements on this announcement may trigger precise outcomes and developments to vary materially from these expressed in or implied by such forward-looking statements. Though it’s believed that the expectations mirrored in such forward-looking statements are affordable, no assurance may be on condition that such expectations will show to be right, and you’re due to this fact cautioned to not place undue reliance on these forward-looking statements which communicate solely as on the date of this announcement.
Ahead-looking statements are usually not ensures of future efficiency. Such forward-looking statements contain recognized and unknown dangers and uncertainties that would considerably have an effect on anticipated outcomes and are based mostly on sure key assumptions. Such dangers and uncertainties embrace, however are usually not restricted to, potential opposed reactions or modifications to enterprise relationships ensuing from the completion of the transaction; important or surprising prices, costs or bills ensuing from the transaction; and destructive results of the transaction in the marketplace value of Sequans’ ADS. Many components may trigger precise outcomes to vary materially from these projected or implied in any forward-looking statements. Among the many components that would trigger precise outcomes to vary materially from these described within the forward-looking statements are modifications within the world, political, financial, enterprise and aggressive environments, market and regulatory forces. If any a number of of those dangers or uncertainties materialize or if any a number of of the assumptions show incorrect, precise outcomes could differ materially from these anticipated, estimated or projected. Such forward-looking statements ought to due to this fact be construed within the gentle of such components. A extra full description of those and different materials dangers may be present in Sequans’ filings with the SEC, together with its annual report on Type 20-F for the 12 months ended December 31, 2023, subsequent filings on Type 6-Ok and different paperwork that could be filed every now and then with the SEC. As a consequence of such uncertainties and dangers, readers are cautioned to not place undue reliance on such forward-looking statements, which communicate solely as of the date of this announcement. Sequans undertakes no obligation to replace or revise any forward-looking assertion because of new data, future occasions or in any other case, besides as required by relevant regulation.
