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Sequans and LG Electronics Form Partnership in WiBro and Mobile WiMAX Area

Sequans and LG Electronics Form Partnership in WiBro and Mobile WiMAX Area

SAN JOSE, CA -- (MARKET WIRE) -- 01/18/06 -- SEQUANS Communications, a fabless semiconductor company and leading supplier of silicon and software for broadband wireless access, today announced a partnership with LG Electronics (LGE), a global force in electronics, information and communications products. Through this partnership, Sequans will deliver the high-performance low power SQN1110 System on Chip (SoC), suitable for use in range of mobile devices such as handsets and smartphones.

"LG Electronics is a worldwide leader in mobile communications with unrivaled experience developing innovative and user-friendly devices," said Georges Karam, President and CEO, Sequans Communications. "With our SoC, LG Electronics will be one of the first companies to introduce a range of mobile devices, which will be critical in driving worldwide adoption of mobile WiMAX and WiBro."

In addition to the SQN1110, the Subscriber Station System-on-Chip (SoC) that will be used by LGE in its consumer devices, Sequans will be delivering to its customers the SQN2110, a Field Programmable Gate Array (FPGA) chipset for Base Stations, and S-Cube, Sequans' comprehensive software offering. Sequans will deliver its Base Station and Subscriber Station silicon in the first half of 2006, on time to participate in the wide scale roll-out of WiBro and mobile WiMAX services.

About LG Electronics

LG Electronics (KSE: 06657.KS) is a global leader in providing cutting-edge, convergent electronics, information and communications products designed to meet the diverse needs of fast-changing consumers. With consolidated sales of US$37.7 billion and overseas sales of US$32.6 billion (86% of total sales), LG Electronics employs more than 70,000 employees in 76 subsidiaries located in 39 countries and operates four business units including Mobile Communications, Digital Appliance, Digital Display and Digital Media.

LG Electronics Mobile Communications Company is the world's leading manufacturer of WCDMA (UMTS), CDMA and GSM handsets, and the fastest growing manufacturer of mobile phones worldwide. The company provides a total range of wired and wireless solutions, and is rapidly establishing a global presence as it cultivates international market share in 3G handsets.

About Sequans

SEQUANS Communications, headquartered in Paris, France, is a fabless semiconductor company and leading supplier of silicon and software for broadband wireless access. Sequans helps system vendors minimize development expenses and get to market faster with a differentiated and high performance product offering. Sequans' standards-based WiMAX solution incorporates additional features for increased coverage and mobility, thus lowering deployment costs and enabling fixed, nomadic/portable and mobile applications. More information is available at: www.sequans.com.

For more information, press only:

Kate Walsh
SEQUANS Communications
(705) 728-3074
Cell: (705) 716-0052
Email Contact

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