Sequans Communications Announces Non-Exclusive Manufacturing Licensing Agreement For Its Monarch 2 LTE-M/NB-IoT Platform
Portfolio Pulse from Benzinga Newsdesk
Sequans Communications has announced a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform. The deal includes an initial payment of $15 million and potential for additional revenue in the future.
June 18, 2024 | 10:05 am
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Sequans Communications has entered into a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform, securing an initial payment of $15 million and potential for additional revenue.
The licensing agreement provides immediate financial benefit with a $15 million payment and opens up future revenue streams. This positive financial impact is likely to boost investor confidence and drive the stock price up in the short term.
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