PARIS and BELLEVUE, Wash., May 7, 2012 (GLOBE NEWSWIRE) -- 4G
Sequans Communications S.A. (NYSE:SQNS) and
Clearwire (Nasdaq:CLWR), a leading provider of wireless
broadband services, today announced an agreement to
collaborate on LTE for the purpose of accelerating the
availability of LTE devices for Clearwire's planned
TDD-LTE network and to optimize the user experience for
Clearwire's customers. The two companies will work
together on performance testing and certification, standards
development, and the creation of devices to support
multi-band, multi-mode TDD-LTE and FDD-LTE solutions.
"Clearwire is a 4G leader with big plans for TDD-LTE
where it is establishing strategic partnerships around the
world to develop and strengthen the TDD-LTE ecosystem,"
said Georges Karam, Sequans CEO. "Continuing the
successful relationship begun under their current 4G network
configuration into TDD-LTE makes perfect sense for our two
companies. We are very pleased to continue our collaboration
"As one of the largest chip providers for a wide range
of devices in the WiMAX ecosystem, Sequans has been a major
enabler of our growth," said John Saw, Clearwire's
Chief Technology Officer. "We are pleased to work with
Sequans to bring LTE devices to market while also ensuring
that the user experience on our planned LTE Advanced-ready
network is second to none. We look forward to leveraging our
successful relationship with Sequans to develop a new wave of
devices for our 4G future."
Sequans TDD-LTE Leadership
Sequans is one of the early leaders in TDD-LTE chip
technology and was one of the first to provide China Mobile
with working silicon for the launch of the world's first
TDD-LTE demonstration network in Shanghai in May of 2010.
Sequans' technology was approved by China's MIIT for
use in China and was also used in one of six major commercial
trials China Mobile has deployed. Sequans' TDD-LTE
technology is operating in commercial networks in Brazil and
Clearwire LTE and Band Class 41
Clearwire's next-generation LTE Advanced-ready network
will operate according to the 3GPP Band 41 specification,
which aligns to Clearwire's 2.6 GHz spectrum frequency.
Clearwire's LTE network is expected to be a major
advancement over the current LTE networks deployed in the
U.S. because it will be designed to provide far more
broadband capacity than is possible with today's other 4G
networks. With more than 160MHz of spectrum available in
the 100 largest markets in the U.S., Clearwire's LTE
Advanced-ready network should position the company as the
clear leader in 4G mobile broadband technology, capable of
serving the current and anticipated future demands of
wholesale and retail customers.
Clearwire expects that multi-band, multi-mode TDD-LTE devices
that can run on its network and other networks will be
commercially available in 2013.
About Sequans Communications
Sequans Communications S.A. (NYSE:SQNS) is a 4G chipmaker,
supplying LTE and WiMAX chips to original equipment
manufacturers and original design manufacturers worldwide.
Founded in 2003 to address the WiMAX market, the company
expanded in early 2009 to address the LTE market. Sequans is
based in Paris, France with additional offices throughout the
world, including United States, United Kingdom, Israel, Hong
Kong, Singapore, Taiwan, South Korea, and China. www.sequans.com; Twitter: www.twitter.com/sequans
The Sequans Communications S.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12733
Clearwire Corporation (Nasdaq:CLWR), through its operating
subsidiaries, is a leading provider of 4G wireless broadband
services offering services in areas of the U.S. where more
than 130 million people live. The company holds the
deepest portfolio of wireless spectrum available for data
services in the U.S. Clearwire serves retail customers
through its own CLEAR® brand as well as through wholesale
relationships with some of the leading companies in the
retail, technology, and telecommunications industries,
including Sprint. The company is constructing a
next-generation 4G LTE Advanced-ready network to address the
capacity needs of the market, working closely with the Global
TDD-LTE Initiative and China Mobile to further the TDD-LTE
ecosystem. Clearwire is headquartered in Bellevue, Wash.
Additional information is available at http://www.clearwire.com.
This release contains forward-looking statements which are
based on management's current expectations and beliefs,
as well as on a number of assumptions concerning future
events made with information that is currently available.
Forward-looking statements may include, without limitation,
expectations regarding the companies' respective network
development and market launch plans and the provision of
wholesale roaming services under the agreement being entered
into. The words "will," "would,"
"may," "should," "estimate,"
"intend," "expect," "believe,"
"target," "designed," "plan"
and similar expressions are intended to identify
forward-looking statements. Readers are cautioned not to put
undue reliance on such forward- looking statements, which are
not a guarantee of performance and are subject to a number of
uncertainties and other factors, which could cause actual
results to differ materially and adversely from such
statements. For a more detailed description of the factors
that could cause such differences, please refer to the
filings made by Clearwire and Sequans Communications, with
the Securities and Exchange Commission, including the
information under the heading "Risk Factors" in the
parties' respective Annual Reports on Form 10-K. The
parties assume no obligation to update or supplement such