Sequans Communications SA was incorporated as a société anonyme under the laws of the French Republic on October 7, 2003. The Company is a fabless designer, developer and supplier of 4G LTE and WiMAX semiconductor solutions for wireless mobile broadband applications, with a specific focus on the single-mode device market. Its solutions incorporate baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with its proprietary signal processing techniques, algorithms and software stacks. Its high performance ICs deliver high throughput, low power consumption and high reliability in a small form factor and at a competitive price. The Company has successfully brought to market five generations of 4G wireless chipsets, including two generations of LTE chipsets, and in February 2013, it announced its third generation LTE- Advanced chipset. Its solutions serve as the main wireless broadband communications platform in the devices, including smartphones; USB dongles; portable routers; embedded wireless modems for laptops, tablets, and other consumer multimedia and industrial devices; and customer-premises equipment, such as fixed wireless access modems, routers and residential gateways. More than twenty OEM or ODM customers have chosen to design products using its LTE solutions. The Company's LTE product line comprises two families: its StreamrichLTE family addresses the high-performance, feature-rich device segment, while the StreamliteLTE family is designed specifically to address the unique price/performance requirements of the 'Internet of Things' market, including connected consumer electronics and machine-to-machine devices. In 2013, it introduced the EZLinkLTE family of LTE modules, which provide all-in-one connectivity solutions designed to simplify the task, and reduce the cost, of embedding LTE into mobile computers, tablets, home networking and machine-to-machine devices. The first two EZLinkLTE modules have been certified by Verizon Wireless for use on their LTE network. Its LTE solutions are incorporated into devices sold by many OEMs and ODMs, including Huawei, Modacom, NationZ, Netcomm, Gemtek, KD Interactive and Pinyon Technologies. Its WiMAX solutions were incorporated into the HTC EVO 4G, the first mass-market 4G smartphone, as well as into data devices sold by OEMs and ODMs, including, Zyxel, Mitsumi, Alvarion, Sagemcom, Accton and others. Its main customers are Airspan Network, Arrow Asia Pac Ltd, KZ Broadband Technologies, Smith & Associates Far East Ltd, among others. At December 31, 2013, The Company had 15 issued and allowed United States patents, 13 European patents, and 46 pending United States and European patents. In the WiMAX market, it competes with suppliers such as GCT Semiconductor, Inc.