Press release

Sequans and Momentum IoT Partner on Cloud-Based Telematics Solution for Fleet Managers

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Sponsored by Businesswire

LTE for IoT chipmaker Sequans Communications S.A. (NYSE: SQNS) and
Momentum IoT, fleet management hardware and software solutions provider,
have joined forces to add LTE-M connectivity to the Momentum IoT Eagle 1
telematics tracking device for a total solution that makes fleet
management more user-friendly and more cost-effective. The Momentum IoT
Eagle 1 allows fleet managers to monitor and track the status of
virtually everything in their fleets, from location and fuel consumption
to maintenance problems.

“Adding LTE-M connectivity to the Eagle 1 is crucial to our fleet
manager customers because important data, including location, trip
activity, or real-time maintenance issues, can now be transmitted via
the always on and everywhere available nationwide LTE-M network, which
provides connectivity at a lower cost and with lower power consumption,”
said Justin Silva, CEO of Momentum IoT. “We chose Sequans’ Monarch
because it is the world’s leading LTE-M/NB-IoT chip, and Sequans is the
proven leader in LTE for IoT. They help us offer better value and higher
performance for field service managers.”

The Momentum Eagle 1 is an ultra-advanced and rugged device that is easy
to install with plug-in connectors that need no wiring. The auto-load
feature automatically sets up the vehicle in the dashboard where fleet
managers can instantly view odometer, voltage, and fuel level readings,
as well as the idle, park, or moving status of every truck or vehicle in
their fleet. Managers have full visibility of trucks on the map,
including distance from site and deviations. Notifications are provided
for trip length and speed reports, and alerts are provided for
maintenance issues.

“We are pleased to partner with Momentum IoT to bring the truly
innovative Eagle 1 telematics solution to market,” said Georges Karam,
CEO of Sequans. “Momentum IoT is enabling fleet operators of all sizes
to benefit from telematics solutions that have previously been available
only to big companies—they are making it simpler and more
cost-effective, while providing the full range of telematics features
with high security.”

The LTE connectivity in the Momentum Eagle 1 telematics device is
powered by Sequans Monarch
LTE-M/NB-IoT Platform. Monarch provides full support for power saving
mode (PSM) and extended discontinuous reception (eDRX) to enable long
battery life, and it provides enhanced coverage modes, including a +23
dBm power amplifier, that extend coverage for deep-indoor and remote
deployments. For LTE positioning, Monarch incorporates the positioning
technology of Polte for accurate, low power, indoor and outdoor
positioning capability using only the LTE radio. Monarch delivers
programmable RF filtering for global band support in a Single-SKU™, and
proprietary dynamic power management technology, enabling rock bottom
power consumption of 1 micro amp. Monarch is certified by operators
around the world. www.sequans.com.

“With Momentum, we saw immediate results,” said Chris Spano, CEO of
Traffic Management Inc. “With accurate visibility, we were able to
deploy more projects with higher daily utilization and more accurate
billing. This has become a key competitive advantage. Our clients see us
at our best. Momentum made it happen.”

The Momentum Eagle 1 telematics solution is now available. For a free
trial and/or demo of the Momentum IoT Eagle 1 telematics tracker
solution, please visit https://momentumiot.com/#/about.

Sequans will be at IoT
World
this week in Santa Clara, May 13-16; please contact events@sequans.com
to request a meeting.

About Momentum IoT

Momentum IoT helps small and mid-sized fleet managers locate and manage
their trucks, trailers, heavy and light equipment with kickass
telematics tracking solutions at affordable prices, with no contract.
Momentum IoT was built from gravel up by people who worked in field
services. Based in Long Beach, CA, Momentum IoT received a 2019
CompassIntel IoT Award in the Fleet Management Tracking category. To
learn more about Momentum IoT, visit www.momentumiot.com

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading provider of
single-mode 4G LTE semiconductor solutions for the Internet of Things
(IoT) and a wide range of broadband data devices. Founded in 2003,
Sequans has developed and delivered seven generations of 4G technology
and its chips are certified and shipping in 4G networks around the
world. Today, Sequans offers two LTE product lines: StreamrichLTE™,
optimized for broadband devices, including CPE, mobile and portable
routers, and high-performance IoT devices; and StreamliteLTE™, optimized
for lower data rate and narrowband IoT devices, including wearables,
trackers, and sensors. Sequans is based in Paris, France with additional
offices in the United States, United Kingdom, Israel, Hong Kong,
Singapore, Sweden, Taiwan, South Korea, and China. Visit Sequans online
at www.sequans.com