-  Monarch 2 now the first LTE-M/NB-IoT chip to pass Common Criteria 
testing for highest level CC EAL5+ security certification

     -  Proven full iSIM solution powered by Kigen SIM OS with remote SIM 
provisioning now available

     -  Operating now with leading global operators in USA and Europe

     -  Evaluation kits available today

Sequans Communications S.A. (NYSE: SQNS), leading provider of cellular IoT 
connectivity solutions, announced that the industry's first GSMA-compliant 
integrated SIM (iUICC) is now Common Criteria certified and available on its 
second generation LTE-M/NB-IoT chip, Monarch 2.

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Integrated SIM, whereby the SIM is integrated directly into the chip, is 
virtually exempt from tampering, providing a powerful security advantage for 
those IoT applications in utilities, healthcare, banking, or retail, where 
security is of paramount importance. The availability of Monarch 2 with 
integrated SIM represents a much anticipated and important capability in IoT, 
and one that is expected to have a profound impact on enabling IoT on a massive 
scale. Beyond iUICC, Monarch 2 enables highly secured data ciphering and 
encryption leveraging the now-certified secure enclave (using the GSMA standard 
"IoT Safe" or other solutions). Monarch 2 with integrated SIM also enables 
significant advantages in reduced power consumption, size, and cost.

Sequans collaborated with Tiempo Secure, a leading provider of security IP for 
semiconductor design companies, and Kigen, a global provider of the SIM 
operating system with remote SIM provisioning, to bring the full iSIM solution 
on its chip to market. Sequans collaborated with Tiempo who handled the 
certification work with CEA-LETI, where Monarch 2's CC EAL5+ Common Criteria 
security rating was tested and proven. Sequans and Kigen demonstrated Monarch 
2's iSIM capabilities using Kigen's advanced SIM OS with key customers and 
operators. Sequans' Monarch 2 with integrated SIM is today sampling with select 
customers on tier 1 operator networks in USA and Europe.

"We have reached a major milestone with this new and powerful iSIM capability 
in Monarch 2 that takes the vision of massive IoT from an exciting possibility 
to a present-day reality," said Georges Karam, Sequans CEO. "We are grateful to 
Kigen and Tiempo for their contributions that have helped us provide our IoT 
customers with an iSIM solution from which they can reap huge benefits in 
streamlined logistics, manufacturing, and provisioning—and one that is truly 
future-proof. All who are engaged in Common Criteria certification knows that 
the process is inherently complex and challenging, but we were determined to 
achieve it since we understand the need of our customers for unassailable 
security for their IoT applications."

"Monarch 2 is one of the most advanced IoT platforms and the only LTE-M/NB-IoT 
chip with such a high level of integrated security," said Serge Maginot/CEO, 
Tiempo. "Passing Common Criteria EAL5+ certification with such a complex chip 
integrating our secure element IP is a world-first achievement and proves that 
Monarch 2 with its GSMA-compliant integrated SIM is a first-class solution."

"Integrated SIM delivers significant reduction in size and silicon footprint in 
addition to enhancing security," said Vincent Korstanje, Kigen. "We are proud 
that Kigen's iSIM OS with Remote SIM provisioning now allows customers to 
address the most security critical applications on the IoT market with the CC 
EAL5+ certified Monarch 2 SoC."

"The high level of security Sequans has achieved with the EAL5+ certification 
on Monarch 2 will surely speed-up the iSIM adoption in IoT devices," said 
Cameron Coursey, vice president, IoT Solutions, AT&T. "It is very clear that 
SIM security available on-chip will have a tremendous effect on accelerating 
the IoT market."

"Sequans made a smart decision with their standards-based approach to iSIM in 
Monarch 2," said Amanda Huang, senior product manager of Intelis Cellular water 
meter at Itron. "We see the value of having such an approach in the ecosystem 
to provide simpler manufacturing, which will help Itron to increase operations 
management efficiency while streamlining the supply chain."

According to ABI Research, the next five years of cumulative shipments of 
eSIM/iSIM devices will hit the 3.8 billion mark. 

"Standardization and certification will be key in unlocking eSIM/iSIM 
functionality and its subsequent market opportunity," said Phil Seely, research 
director at ABI Research. "First movers like Sequans understand the importance 
of standardization and its significant role in enabling true end-to-end 
digitization. Sequans and its Monarch 2 solution with CC EAL5+ certification 
for full GSMA-compliant iUICC support is a great example of this and it will 
help bring eSIM/iSIM and its functionality to the masses."

Evaluation kits for testing Monarch 2 with iSIM using select mobile network 
operator profiles are now available. Contact sales@sequans.com for more 
information.

About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 
cellular IoT connectivity solutions for massive and broadband IoT. For 5G/4G 
massive IoT applications, Sequans provides a comprehensive product portfolio 
based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, 
featuring industry-leading low power consumption, a large set of integrated 
functionalities, and global deployment capability. For 5G/4G broadband IoT 
applications, Sequans offers a product portfolio based on its Cassiopeia Cat 
4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost 
residential, enterprise, and industrial applications. Founded in 2003, Sequans 
is based in Paris, France with additional offices in the United States, United 
Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China. 
Visit Sequans online at www.sequans.com.

Forward Looking Statements [ 
http://www.sequans.com/news-events/press-release/forward-looking-statements/ ]

Sequans media relations: Kimberly Tassin (USA), +1.425.736.0569, 
kimberly@sequans.com
Sequans investor relations: Kim Rogers (USA), +1.385.831.7337, kim@haydenir.com

SOURCE Sequans Communications