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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100