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Sequans Communications S.A. has entered into a non-exclusive manufacturing licensing agreement for its Monarch 2 LTE-M/NB-IoT platform, granting a license partner the right to manufacture and market the chip under their brand name. The deal includes an initial payment of $15 million and potential for additional revenue in subsequent years. This partnership not only expands revenue potential but also creates mutual benefit and paves the way for future collaborative opportunities. Sequans is a leading developer and supplier of cellular IoT connectivity solutions, offering a comprehensive product portfolio for both massive and broadband IoT applications.