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Singapore’s Largest Medical Aesthetics Group Debuts Tech-Based Hair Growth Solutions Designed By Doctors


SINGAPORE – Media OutReach Newswire – 26 August 2024 – V Medical Aesthetics Group, a leader in Singapore’s aesthetics industry with 17 outlets and a comprehensive range of head-to-toe solutions, is expanding its expertise to address hair loss concerns.

Singapore's Largest Medical Aesthetics Group Debuts Tech-Based Hair Growth Solutions Designed By Doctors
Singapore’s Largest Medical Aesthetics Group Debuts Tech-Based Hair Growth Solutions Designed By Doctors

With an estimated 63% prevalence of Androgenetic Alopecia (AGA) in males and an overall alopecia incidence of 3.8%, hair loss is an increasingly prevalent concern for many in Singapore.

As individuals seek out safe, non-invasive, and effective solutions to hair loss, V Aesthetics Hair Grow’s modern technology and personalised, evidence-based treatment plans addresses a growing need in the market.

Taking a Different Approach: Technology-Based Hair Growth Solutions in a Traditional Industry

In a market often dominated by traditional remedies, V Aesthetics Hair Grow distinguishes itself through its technology-centred V Magic Hair Grow treatment. The treatment’s five-step process is built on 3 evidence-based techniques, combining high-growth serums, FDA-approved transdermal infusion technology and a low-level LED laser therapy.

1. High-Growth V Hair Ampoules, designed by V Medical Aesthetics’ doctors, contain an active hair growth serum that tackles dormant hair follicles. The serum contains high-purity exosomes from stem cells, concentrated salmon DNA, 8 variations of amino peptides and 5 natural growth enzymes intended to stimulate hair follicle regeneration, slow hair thinning, and encourage new hair growth.

2. Patented Dermoelectroporation® Technology is an FDA-approved, needleless, transdermal delivery technology that delivers the high-growth ampoule serum deep into the scalp. It uses micro-electrical pulses to temporarily modify the membranes of skin cells, enabling serum particles to penetrate into the roots of the hair follicles. This makes it a less invasive alternative to injections with lesser downtime and zero serum wastage.

3. Low Light Laser LED Therapy (LLLT) is administered through a specialised cap which emits 655nm red light, a wavelength shown to stimulate the hair follicles and improve the energy potential of dormant hair cells. Recent research done on LLLT reports that patients who received 655nm red light therapy every other day had a 37% increase in hair count over 16 weeks.

Offering an Alternative to Traditional Hair Loss Remedies in Singapore

With its commitment to innovation, personalised care, and accessible solutions, V Aesthetics Hair Grow is dedicated to making an impact on the lives of individuals experiencing hair loss and hair fall problems.

To celebrate the opening of V Aesthetics Hair Grow (Novena) at 101 Irrawaddy Rd, #11-03 Royal Square Medical Centre, Singapore 329565, the centre is offering a special promotion: Book a V Magic Hair Grow Session at just S$28 Nett.

Individuals interested in learning more about the treatment or scheduling a consultation can visit the V Aesthetics Hair Grow website at https://vaestheticshairgrow.com.sg/ or contact the centre directly.
Hashtag: #VAestheticsHairGrow



The issuer is solely responsible for the content of this announcement.

About V Aesthetics Hair Grow

V Aesthetics Hair Grow is an extension of Singapore’s largest aesthetic group – comprising 17 outlets, 36 doctors and head-to-toe solutions including aesthetic and slimming treatments. The V Aesthetics Group has conducted more than 600,000 medical aesthetic treatments, serving more than 60,000 returning customers.

Vizzio Technologies, Foxconn Industrial Internet, and Ingrasys redefine Smart Manufacturing with Global Digital Twin Collaboration for the World’s First AI Server WEF Lighthouse Factory


SINGAPORE – Media Outreach Newswire – 26 August 2024 – In a groundbreaking partnership, Vizzio Technologies Pte Ltd, Foxconn Industrial Internet (FII), and INGRASYS are spearheading a transformative era in smart manufacturing. This collaboration focuses on creating digital twins for World Economic Forum (WEF) Lighthouse Factories worldwide, leveraging advanced satellite imaging and artificial intelligence to develop immersive 3D representations of manufacturing environments.

Vizzio Technologies - Foxconn Industrial

Digital twins, virtual replicas of physical environments, are revolutionising industry operations by integrating AI, IoT, and real-time analytics. This technology enhances precision, adaptability, and sustainability in manufacturing processes, setting new benchmarks for Industry 4.0 excellence.

Key Achievements

  • World’s First Live 3D Digital Twin: Vizzio Technologies and Fii have launched the first live 3D digital twin of FII’s global manufacturing sites, marking a significant milestone in smart manufacturing. This achievement not only highlights the technological prowess of Vizzio Technologies but also sets a new standard for digital innovation in the manufacturing sector. By creating a digital twin of a manufacturing site, companies can monitor, analyse, and optimise their operations in real-time, leading to significant improvements in efficiency and productivity.
  • Global Collaboration: This partnership spans FIIi’s WEF-certified Lighthouse Factories globally, standardising digital twin experiences across all manufacturing hubs. This global collaboration underscores the commitment of Vizzio Technologies, Fii, and INGRASYS to drive innovation and excellence in the manufacturing industry. By leveraging the strengths and expertise of each partner, this initiative aims to create a unified and standardised digital twin platform that can be deployed across various manufacturing sites worldwide.
  • Advanced Technology Integration: Utilising Vizzio’s satellite imagery and AI, the collaboration constructs accurate photorealistic 3D models, providing superior alternatives to traditional methods. This advanced technology integration allows for the creation of highly detailed and accurate digital representations of physical environments, enabling better decision-making and operational efficiency. The use of satellite imagery and AI ensures that the digital twins are not only accurate but also scalable and adaptable to various manufacturing environments.
  • Cost-Effective and Fast 3D Mapping: Vizzio’s rapid 3D mapping workflow integrates cutting-edge street views and indoor/outdoor 3D maps, significantly reducing digital twin creation costs compared to traditional LIDAR methods. This cost-effective approach allows more companies to adopt digital twin technology, democratising access to advanced manufacturing solutions. By reducing the costs and time required to create digital twins, Vizzio Technologies is making it easier for companies to implement and benefit from this transformative technology.
  • Real-Time 3D Virtual Tours: The partnership includes installing POLYTRON 4K 360 cameras, enabling real-time virtual tours, enhancing operational efficiency, and advancing sustainability practices. These real-time 3D virtual tours provide an immersive and interactive experience, allowing stakeholders to remotely monitor and manage manufacturing operations. This not only reduces the need for physical site visits but also enhances transparency and collaboration among teams.


Significance of the Partnership

Foxconn Industrial Internet (FII), a subsidiary of Foxconn Group—one of the world’s largest electronics manufacturers, renowned for assembling products for leading companies such as Apple—focuses on driving innovation in smart manufacturing, industrial internet solutions, cloud computing, and AI. FII was established to capitalise on Foxconn’s vast manufacturing expertise and spearhead the development of Industry 4.0 technologies.

FII’s core businesses include the development of advanced robotics, automated assembly lines, and IoT systems aimed at optimising production efficiency and reducing operational costs. The company is also at the forefront of integrating big data and AI into its manufacturing processes, providing cutting-edge technological solutions to other industrial players.

In 2018, FII was listed on the Shanghai Stock Exchange, marking one of China’s most significant IPOs at the time. This move was part of Foxconn’s broader strategy to diversify its operations beyond traditional electronics manufacturing, expanding into high-tech and value-added services.

Leadership Insights

Zongchang Liu, CDO of Foxconn Industrial Internet: “Partnering with Vizzio Technologies to build digital twins for our Lighthouse Factories demonstrates our commitment to innovation and sustainable manufacturing practices. This collaboration is a testament to our dedication to driving technological advancements that shape the future of industries. By leveraging the capabilities of digital twins, we are able to enhance our operational efficiency, reduce costs, and achieve our sustainability goals.”

Jon Lee, Founder of Vizzio: “This collaboration with FII represents a seminal moment in digital manufacturing innovation, where precision converges with sustainability. Our expertise in 3D city mapping, combined with FII’s industry leadership, establishes a new standard for smart factories. We are thrilled to be part of this transformative journey, which not only enhances our technological capabilities but also reaffirms our commitment to driving innovation and excellence in the manufacturing sector.”

AI-Driven Precision Analytics

State-of-the-art AI algorithms drive advanced analytics and modelling processes, offering real-time visibility into production operations. This enables proactive decision-making, reduces downtime, optimises maintenance scheduling, and aligns with sustainability objectives. By leveraging AI-driven precision analytics, companies can gain deeper insights into their operations, identify potential issues before they escalate, and make data-driven decisions that enhance efficiency and productivity. The integration of AI algorithms into the digital twin platform ensures that the data collected is accurate, relevant, and actionable.

Read more about the collaboration here: https://www.fii-foxconn.com/en/NewsDetail?id=2658

Watch the official statement here: https://youtu.be/WRJQQ4LlIC4

Hashtag: #VizzioTechnologies #FII #Ingrasys #AITechnology


The issuer is solely responsible for the content of this announcement.

Vizzio Technologies

Vizzio Technologies leads the world in creating detailed 3D city models using satellite imagery and AI. We produce immersive digital twins of cities globally, integrating multi-resolution data and machine learning for real-time insights and modelling. Established in 2020, we have mapped over 1 million square kilometres of urban space, filed 34 patents, and saved 75% of time compared to traditional methods. Our goal is to deliver dimensionally accurate, photorealistic digital twins for every city on Earth, supporting a range of applications from urban planning to security.

AlphaX DEX Launches Email Login Feature: Lowering the Barrier to Secure and Private Web3 Trading

SYDNEY, AUSTRALIA – Media OutReach Newswire – 24 August 2024 – AlphaX has taken a significant step forward in making decentralized trading more accessible to everyone by introducing a revolutionary email login feature. This new functionality greatly simplifies the wallet setup process, allowing users to quickly and easily access the DEX without the complexities typically associated with Web3 technology. By lowering the entry threshold, AlphaX ensures that even those new to the crypto space can enjoy the benefits of secure, private, and decentralized trading.
With the integration of the email login feature, AlphaX is making it easier than ever for users to dive into the world of decentralized finance (DeFi). Unlike traditional DEXs that require users to navigate complicated wallet setups, AlphaX allows new users to create an account using just their email. This game-changing feature dramatically reduces entry barriers, paving the way for a broader audience to experience the safety and privacy of Web3 trading.
In addition to simplifying access, AlphaX DEX also offers a superior trading experience that rivals even the best centralized exchanges (CEXs).
AlphaX DEX combines the best of both worlds, offering security that surpasses centralized exchanges and a trading experience that is smoother than traditional DEXs. This unique combination positions AlphaX as a leading platform in the DeFi space, delivering a seamless and secure trading environment for all users.
Reflecting on this milestone, the founder of AlphaX commented, “This is a significant step forward for the crypto industry as we move towards a more on-chain future. By lowering the barriers to entry and enhancing the trading experience, we are committed to making Web3 trading accessible, convenient, and safe for everyone. This is just the beginning of what we will continue to do.”
As AlphaX DEX continues to innovate and expand its offerings, users can look forward to an ever-improving platform that champions user-friendly, secure, and private trading in the decentralized era. Whether you are a seasoned trader or new to the crypto space, AlphaX is designed to meet your needs and help you navigate the world of decentralized finance with ease.

Hashtag: #AlphaX





The issuer is solely responsible for the content of this announcement.

AlphaX

DEX is a pioneering cryptocurrency trading platform dedicated to discovering and promoting value-driven cryptocurrencies contract trading for Bitcoin, Ethereum and Solana.

With a strong foundation built by industry veterans and a commitment to user security and satisfaction, AlphaX is the gateway to the future of investment.

The elexcon2024 Shenzhen International Electronics Show Is Set to Grandly Open, Showing Full-stack Technology and Products and Leading the Wave of Industrial Innovation


SHENZHEN, CHINA – Media OutReach Newswire – 24 August 2024 – The elexcon2024 Shenzhen International Electronics Show hosted by Shenzhen Creativity Exhibition Co., Ltd. will open in Shenzhen Convention and Exhibition Center (Futian) from August 27 to 29,2024. The exhibition brings together the global electronics technology elites, comprehensively displaying the latest full-stack technologies and products, and aiming to promote the recovery of the electronics industry and meet the challenges and opportunities in the era of artificial intelligence.

As an annual event in the electronics industry, the elexcon2024 Shenzhen International Electronics Show will present a series of cutting-edge technologies and innovative applications for participants. The exhibition covers AI chips, embedded processors, intelligent sensing, new energy automotive electronics and other popular fields. More than 400 well-known exhibitors will display embedded AI, storage technology, automotive chip components and other cutting-edge technologies.

At the exhibition site, AI chips, embedded processors / MCU / MPU, storage, intelligent sensing, RISC-V technology and ecology, AIoT solutions, passive devices / discrete devices, PMIC and power devices, Chiplet and SiP advanced packaging technologies and nearly a thousand products will be exhibited, which will attract many visitors as a feast for technology lovers. ARM, NXP, Infineon、Renesas、Fujitsu、GigaDevice、Sunlord、CECport、Digikey、Silergy、Longsys、UNILC、HIKSEMI、CR MICRO ATBG、HED、TAIYO YUDEN、Techwinsemi、Zhuhai Semiconductor、Nationalchip、Mesilicon、ADATA、MindMotion、Dosilicon、Netac、3D Chips、Elitestek、GZLG、Fullha and Mouser from Kaifa Gala zone, and other high-quality manufacturers from automotive chips/component zone, China IC unicorn sensor zone, SiC / GaN industrial chain zone gather together.

In addition to the display of technologies and products, elexcon2024 also pays special attention to promoting new applications and new ecosystems. At the exhibition, the latest achievements in AI hardware, electric vehicles and new energy, AI PC and data center, edge intelligence, industrial motor control, smart medical care and other cutting-edge fields will be presented one by one, bringing a feast of science and technology to visitors.

The exhibition will not only inject new vitality into the recovery of the electronics industry, but also create a sufficient communication platform for the arrival of the AI era and the dual-carbon field. During the exhibition, more than 20 professional forum conferences will be held at the same time, covering many topics such as AI PC, smart sensors, new energy vehicle electronics, compound semiconductor, digital power supply, FPGA ecology, industrial AI digital intelligence, development trend of electronic components supply chain, system-level packaging SiP, etc. Electronics industry elites from all over the world will gather together to discuss the development trend and challenges of the electronics industry, and to share the latest technological achievements and application experience.

During the forum, more than 200 industry experts and corporate executives will give wonderful speeches and discussions, including Chloe Ma, Vice President of Business Development of Arm IOT Division, Liu Wei, Vice President of Infineon, and many other industry experts and corporate executives will give speeches and wonderful discussions. These conferences and forums will explore the latest technology trends in the electronics industry, market development, and the challenges and opportunities that the industry faces, providing a platform for participants to communicate and learn.

During the exhibition, the highly anticipated “Kaifa Gala Engineer / Developer Carnival” will also be held as scheduled, bringing you the disassembly of hot-selling products, as well as the large-scale face-to-face communication site of more than 10 communities and receiving the development boards, etc.

The carnival also attracts the participation of the 21IC Electronic Network, Wildfire Electronics, Realtek Atom, embedded Linux and other well-known developer communities, and is also supported by Infineon, Renesas, Fujitsu, Gigadevice, Allwinner, Rockchip and other electronics industry leaders. They will bring the latest and most popular development boards, and work with engineers and developers to build a cool cyber section, showing the infinite charm of cutting-edge technologies.

It is worth mentioning that the carnival will specially invite the hardware developer community to co-host the on-site disassembly of annual hot-selling products and BOM analysis activities, which will trigger a heated discussion of AI + future technology and ecology, allowing the audience to have a deeper understanding of the internal structure and technical principles of the latest technology products.

The renewed upgrade of the “Kaifa Gala Engineer / Developer Carnival” not only provides a platform for engineers and developers to communicate and learn, but also injects new vitality into the development of the electronics industry.

The grand opening of the elexcon2024 Shenzhen International Electronics Show, hosted by Shenzhen Creativity Exhibition Co., Ltd., fully demonstrates the strong resilience and vitality of the electronics industry across the cycle. In this exhibition, they will witness the emergence of many innovative technologies and products, and deeply feel the unremitting efforts made by colleagues in the industry to jointly promote the prosperity and development of the electronics industry. They firmly believe that the future of the electronics industry will be promising. Please get in touch with 0755-88311535. Please visit the official website at www.elexcon.com for more details.

Hashtag: #elexcon2024

The issuer is solely responsible for the content of this announcement.

2024 “The Land of Blessings” Cultural Tourism Promotion Activities Held in Hong Kong and Macao


HONG KONG SAR – Media OutReach Newswire – 23 August 2024 – The 2024 “The Land of Blessings” Cultural Tourism Promotion Activities were successfully held in Hong Kong and Macao on August 20 and 22. The activities, hosted by Fuzhou Municipal Bureau of Culture and Tourism, attracted cultural and tourism authorities, representatives of cultural and tourism enterprises and institutions, chambers of commerce, and associations from Fuzhou, Hong Kong, and Macao.

2024 “The Land of Blessings” Cultural Tourism Promotion Activities Held in Hong Kong and Macao
2024 “The Land of Blessings” Cultural Tourism Promotion Activities Held in Hong Kong and Macao

Through the promotion of cultural tourism resources and showcase of Fu culture, the event presented the new image of “The Land of Blessings” and explored new opportunities for cooperation in cultural tourism. “As the capital of the ancient State of Min, Fuzhou is surrounded by green mountains on three sides, with Minjiang River flowing through it.” Fuzhou is a famous historical and cultural city with a superior natural environment and profound cultural heritage.

Immerse in the cultural and tourism feast of Fuzhou due to wholehearted promotion

At the promotion event, the host showed the new look of the “The Land of Blessings” through screening of promotional videos and on-site presentations.

From the unique urban layout of “Three Hills and Two Towers,” to the shipbuilding culture of strengthening marine development, talents emerging from the Three Lanes and Seven Alleys, and Fuzhou cuisine as a mainstay of Fujian cuisine, guests immersed themselves in the atmosphere showing the elements of “mountains, sea, talents, and cuisine,” experiencing the rich and diverse natural beauty and cultural charm of Fuzhou.

Additionally, the event included special activities such as Fuzhou-themed postcard stamping, Fuzhou intangible cultural heritage Paper Flower Flipping, and Fuzhou cuisine tasting, further highlighting the unique local flavors and Fu culture of Fuzhou.

Immersive experience of intangible cultural heritage through interactive performances

During the presentations of intangible cultural heritage, detailed introductions were given not only about Fuzhou’s intangible cultural heritage but also about the conservation and inheritance efforts Fuzhou has made in this field over the years. The event also featured interactive performances of intangible cultural heritage.

The Min Opera excerpt “Strolling in a Colorful Garden” captivated the audience with its melodious tune. Dong Yaping, a renowned inheritor of Fuzhou intangible cultural heritage paper cutting, showcased the art of paper cutting themed the Fu culture with her nimble fingers, allowing the audience to feel the enduring craftsmanship passed down through six generations.

The event also included a question-and-answer session on Fuzhou’s intangible cultural heritage and cultural tourism, encouraging active participation from the guests and broadening the reach of Fuzhou’s cultural tourism resources.

Fuzhou, Hong Kong and Macao share a close cultural bond, providing fertile ground for in-depth cooperation. The host stated that this outdoor promotion event is a significant outcome of cultural exchange and cooperation between Fuzhou, Hong Kong, and Macao, and they hope to see more compatriots from Hong Kong and Macao visit Fuzhou to deeply experience the infinite charm of the “The Land of Blessings.” Going forward, Fuzhou will continue to deepen cultural and tourism exchanges and cooperation with Hong Kong and Macao, promote the interconnected development of cultural and tourism resources, and jointly explore the tourism market.
Hashtag: #ChineseHeadlinesNewMedia

The issuer is solely responsible for the content of this announcement.

CBB 2024: Bringing together globally renowned enterprises to create a new chapter in the liquid food industry

SHANGHAI, CHINA – Media OutReach Newswire – 23 August 2024 – International Brew & Beverage Processing Technology and Equipment Exhibition for China (CBB 2024) will be held at the Shanghai New International Expo Center from October 28th to 31st, 2024. As a grand event for the entire industry chain of the liquid food industry, CBB 2024 will bring together world-renowned enterprises to showcase cutting-edge innovative achievements, high-end technologies, intelligent solutions and green production concepts, leading the industry to new heights.

The exhibition focuses on “innovation” and attracts many well-known international and domestic brands to participatein the exhibition, showing the intelligent level and efficiency of liquid food production. High end has become another highlight, and exhibitors will introduce high-end production equipment and technology to enhance product quality and market competitiveness.

Intelligence and greening are also important themes of this exhibition. Exhibitors will showcase intelligent solutions and green production technology applications to promote the transformation of the liquid food industry towards intelligence, efficiency and greening, and build a sustainable future together.

For more details or to register to visit, please visit the exhibition’s official website: http://www.chinabrew-beverage.com

Hashtag: #CBB2024

The issuer is solely responsible for the content of this announcement.

2024 Hainan Tourism & Cultural Excellence Top 10 Revealed


HAIKOU, CHINA – Media OutReach Newswire – 23 August 2024 – In spring 2024, the Department of Tourism, Culture, Radio, Television and Sports of Hainan Province launched a global “Hainan Tourism & Cultural Excellence Top 10” selection event, which received widespread media coverage and enthusiastic support from around the world. Top spots include Ling Shui’s Boundary Island, Sanya’s Yalong Bay, and Danzhou’s Daner Zhuiguang Station.

2024 Hainan Tourism & Cultural Excellence Top 10 Revealed
2024 Hainan Tourism & Cultural Excellence Top 10 Revealed

According to the Department, the event has featured 96 posts on Facebook highlighting Hainan’s diverse travel offerings, including the Hainan Coastal Scenic Highway, marine adventures, duty-free shopping, wellness retreats, rural experiences, rainforests, and intangible cultural heritage. These posts have showcased Hainan’s vibrant tourism and culture to a global audience, especially the 59 visa-free countries, receiving positive responses from users in countries like the U.S., France, and Spain.

2024 Hainan Tourism & Cultural Excellence Top 10 Revealed
2024 Hainan Tourism & Cultural Excellence Top 10 Revealed

After six months of recommendations and voting, the “Hainan Tourism & Cultural Excellence Top 10” have been revealed. The list includes Boundary Island in Ling Shui, Yalong Bay in Sanya, the Danzhou’s Daner Zhuiguang Station, the Wanning section of the Hainan Coastal Scenic Highway, Sanya International Duty-Free City, Houhai Village in Sanya, Haikou’s Old Arcade Street, Maona Village in Wuzhishan City, the Hainan Li Brocade, and Yalong Bay Tropical Paradise Forest Park.

Additionally, some unique regional experiences have captured international attention. These include the annual China International Consumer Products Expo, showcasing top global products; the Nanhai Museum in Hainan, which highlights the ancient Maritime Silk Road; Hainan’s famous local dishes, such as Wenchang Chicken, Hainan Rice Noodles, Hainan-style Mooncakes, and Ling Shui Sour Rice Noodles; and the wellness destination of the Seven Fairy-Lady Mountain in Baoting, known for its tropical rainforest and natural hot springs.

As China’s largest free trade port and its only tropical island province, Hainan province boasts 68 unique bays, over 4,400 square kilometers of tropical rainforest national parks, and a Chinese ethnic minority cultural heritage stretching over 3,000 years, all of which are Hainan’s distinctive tourism and cultural symbols. Hainan offers dozens of international flights and visa-free entry for visitors from 59 countries and tour groups registered in Hong Kong and Macao special administrative regions for up to 144 hours. Hainan is also equipped with a unique coastal scenic highway and high-speed rail. Plus, it’s home to one of the world’s largest duty-free shopping malls, making it a top destination for duty-free shopping in Asia.

Hashtag: #HainanTourism

The issuer is solely responsible for the content of this announcement.

Sequans Communications Preliminary Second Quarter 2024 Financial Results

  • Agrees to Sell its 4G IoT Technology for $200M to Qualcomm While Retaining License for Ongoing Use and Development
  • Management to Hold a Conference Call Today, August 23, at 8:30 am ET

Paris, France–(Newsfile Corp. – August 23, 2024) – Sequans Communications S.A. (NYSE: SQNS) (“Sequans” or the “Company”), a leading developer and provider of 5G/4G semiconductors and IoT modules, today announced preliminary financial results for the second quarter ended June 30, 2024.

Second Quarter 2024 Summary Preliminary Results Table:

(in US$ millions, except share and per share data) Q2 2024 (1) Q1 2024 Q2 2023
Revenue $9.7 $6.0 $9.2
Gross profit $8.1 $3.9 $7.5
Gross margin (%) 84 % 63.9 % 82.3 %
Operating loss ($3.7 ) ($8.5 ) ($5.4 )
Net loss ($0.9 ) ($11.8 ) ($9.1 )
Diluted loss per ADS ($0.01 ) ($0.19 ) ($0.16 )
Non-IFRS diluted loss per ADS * ($0.09 ) ($0.14 ) ($0.10 )
Weighted average number of diluted ADS (IFRS) 61,912,657 61,613,761 57,119,468
Weighted average number of diluted ADS (Non-IFRS) 61,912,657 61,613,761 57,119,468
(1) Final results are subject to finalization of the allocation of the Qualcomm transaction proceeds
* See Use of Non-IFRS/non-GAAP Financial Measures disclosure on page 3. IFRS Net Loss includes significant non-cash interest expense, debt amendment and change in value of embedded derivative that are excluded from Non-IFRS measures

“Our second quarter revenue was $9.7M, representing a 5.4% increase year-over-year and a 60.5% sequential increase. License and services revenue accounted for 75% of it, largely driven by the Monarch 2 manufacturing license agreement that we announced on June 18, 2024, which we can now disclose was with Qualcomm. Note however, that our Q2 2024 results presented here are subject to change based on the final allocation of the purchase price of the new Qualcomm deal we have just announced,” said Georges Karam, CEO of Sequans.

A joint press release issued earlier today announced that Qualcomm Technologies, Inc. (“Qualcomm”), a subsidiary of Qualcomm Incorporated, will acquire Sequans’ 4G IoT technologies. Sequans, in addition to retaining full ownership of 5G intellectual property, will retain the right to sell, support, maintain and enhance its existing 4G product portfolio and develop new generations of chips and modules using such technologies. This deal enables Sequans to advance its Monarch (LTE-M/NB-IoT), Calliope (LTE Cat-1/Cat-1bis), and Cassiopeia (LTE Cat-4/Cat-6) lines, along with 5G RedCap and eRedCap product developments. This transaction will not affect Sequans’ existing contractual obligations or operations with customers, suppliers, and industry partners. It is expected to close by the end of October 2024, and is subject to customary closing conditions, including French regulatory approval.

Karam continued, “We are excited to enter into this transaction with Qualcomm. This transaction validates our LTE-M/NB-IoT and Cat 1bis technologies and strengthens our balance sheet. Retaining ownership of our 5G technology and a perpetual 4G license allows us to continue selling the Monarch and Calliope products families and expand towards 5G RedCap and eRedCap, enabling our continued growth and innovation.”

Under the terms of the agreement with Qualcomm, Sequans will receive $185 million in cash, with $175 million payable at closing and up to an additional $10 million following the completion of a one-year warranty period. The remaining $15 million was paid under the pre-transaction manufacturing license agreement that was executed in June 2024 and will be credited toward the $200 million purchase price.

Q3 2024 Outlook

As the allocation of the purchase price of the pending Qualcomm transaction will not be finalized until the 4th quarter, we are not able to provide the expected impact of this deal on our licensing and services results for the second half of this year. Focusing on product revenue, we anticipate a modest increase in the third quarter compared to Q2 and a further stronger performance in the fourth quarter of 2024. Overall, due to the anticipated increase in products moving into mass production over the coming quarters, we expect higher product revenue for the full year of 2025 compared to 2024.

Second Quarter 2024 Financial Summary:

Revenue: Revenue was $9.7 million, an increase of 60.5% compared to the first quarter of 2024 and an increase of 5.6% compared to the second quarter of 2023. Product revenue was $2.4 million, flat compared to the first quarter of 2024 and an increase of 144.5% compared to the second quarter of 2023. License and services revenue was $7.2 million, largely driven by the Monarch 2 manufacturing license agreement announced on June 18, 2024, and offsetting lowered licensing revenue from our Chinese strategic partner.

Gross margin: Gross margin was 84.0% compared to 63.9% in the first quarter of 2024 and 82.3% in the second quarter of 2023.

Operating loss: Operating loss was $3.7 million compared to $8.5 million in the first quarter of 2024 and $5.4 million in the second quarter of 2023.

Net loss: Net loss was $0.9 million, or ($0.01) per diluted ADS, compared to $11.8 million, or ($0.19) per diluted ADS, in the first quarter of 2024 and $9.1 million, or ($0.16) per diluted ADS, in the second quarter of 2023. Net loss in the second quarter of 2024 includes a gain of $13.6 million related to the impact of the debt extension, a gain of $39,000 on the change in fair value of the convertible debt derivative compared to a loss of $36,000 in the first quarter of 2024 and a gain of $0.3 million in the second quarter of 2023.

Non-IFRS loss and diluted loss per ADS: Excluding the non-cash stock-based compensation, the non-cash impact of the fair-value, the effective interest adjustments related to the convertible debt with embedded derivatives and other financings, non-IFRS net loss was $5.8 million, or ($0.09) per diluted ADS, compared to $8.8 million, or ($0.14) per diluted ADS in the first quarter of 2024, and $6.0 million, or ($0.10) per diluted ADS, in the second quarter of 2023. The non-IFRS net loss includes a foreign exchange gain of $90,000 in the second quarter of 2024, compared to a foreign exchange gain of $0.3 million in the first quarter of 2024 and a foreign exchange loss of $40,000 in the second quarter of 2023.

Cash: Cash and cash equivalents at June 30, 2024 totaled $13.1 million compared to $0.5 million at March 31, 2024. This amount includes $5 million from issuance of an unsecured promissory note in April 2024 and the $15 million upfront payment from the licensing agreement received in June 2024.

Conference Call Details
Date: Friday, August 23, 2024
Time: 8:00 a.m. ET / 14:00 CET
Dial in: U.S. toll-free: 1-800-717-1738
International: +33 800 94 51 20
Access: When prompted, provide the event title or access code 1181953

A live and archived webcast of the call will be available from the Investor Relations section of the Sequans website at www.sequans.com/investors/webcasts-and-presentations. An audio replay of the conference call will be available until August 30, 2024, by dialing toll-free 1-844-512-2921 in the U.S. or +1 412-317-6671 from outside the U.S., using the following access coder: 1181953

Forward-Looking Statements
This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including our business following completion of the transaction. These forward-looking statements include, but are not limited to, statements regarding the satisfaction of conditions to the completion of the proposed transaction and the expected completion of the proposed transaction, the timing and benefits thereof, as well as other statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-Looking statements also often use words such as “anticipate,” “target,” “continue,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “goal,” “believe,” “hope,” “aims,” “continue,” “could,” “project,” “should,” “will” or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.

Forward-Looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, the potential failure to satisfy conditions to the completion of the proposed transaction due to the failure to obtain necessary regulatory or other approvals; the outcome of legal proceedings that may be instituted against Sequans and/or others relating to the transaction; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; significant or unexpected costs, charges or expenses resulting from the proposed transaction; and negative effects of this announcement or the consummation of the proposed transaction on the market price of Sequans’ ADS and ordinary shares. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces. If any one or more of these risks or uncertainties materializes or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans’ filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2023, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.

Use of Non-IFRS/non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude the non-cash stock-based compensation and the non-cash impacts of convertible debt extensions, effective interest adjustments related to the convertible debt with embedded derivatives and other financings; deferred tax benefit or expense related to the convertible debt and other financings. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.

About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specialized in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP and services. Our Monarch (NB-IoT/LTE-M), Calliope (LTE Cat 1/Cat 1bis), and Taurus (5G NR) platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance.
Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China. Visit Sequans online at www.sequans.com, and follow us on X and Linked-In.

Sequans investor relations: Kim Rogers (USA), +1 385.831.7337, ir@sequans.com
Sequans media relations: Linda Bouvet (France), +33 170721600, media@sequans.com

Condensed financial tables follow

SEQUANS COMMUNICATIONS S.A.

PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended
(in thousands of US$, except share and per share
amounts)
June 30,
2024 (1)
Mar 31,
2024
June 30,
2023
Revenue :
Product revenue $ 2,435 $ 2,468 $ 996
License and services revenue 7,240 3,559 8,162
Total revenue 9,675 6,027 9,158
Cost of revenue 1,547 2,173 1,625
Gross profit 8,128 3,854 7,533
Operating expenses :
Research and development 5,789 6,613 6,346
Sales and marketing 3,131 2,872 2,982
General and administrative 2,916 2,902 3,588
Total operating expenses 11,836 12,387 12,916
Operating profit (loss) (3,708 ) (8,533 ) (5,383 )
Financial income (expense):
Interest income (expense), net (10,806 ) (3,318 ) (2,796 )
Change in fair value of convertible debt derivative 39 (36 ) 325
Impact of debt amendment 13,620
Foreign exchange gain (loss) 90 264 (40 )
Profit (Loss) before income taxes (765 ) (11,623 ) (7,894 )
Income tax expense 146 167 1,223
Profit (Loss) $ (911 ) $ (11,790 ) $ (9,117 )
Attributable to :
Shareholders of the parent (911 ) (11,790 ) (9,117 )
Minority interests
Basic loss per ADS ($0.01 ) ($0.19 ) ($0.16 )
Diluted loss per ADS ($0.01 ) ($0.19 ) ($0.16 )
Weighted average number of ADS used for computing:
– Basic 61,912,657 61,613,761 57,119,468
– Diluted 61,912,657 61,613,761 57,119,468
(1) Final results are subject to finalization of the allocation of the Qualcomm deal transaction proceeds

SEQUANS COMMUNICATIONS S.A.

PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Six months ended June 30,
(in thousands of US$, except share and per share amounts) 2024 (1) 2023
Revenue :
Product revenue $ 4,903 $ 3,336
License and services revenue 10,799 17,721
Total revenue 15,702 21,057
Cost of revenue 3,720 4,181
Gross profit 11,982 16,876
Operating expenses :
Research and development 12,402 13,834
Sales and marketing 6,003 6,015
General and administrative 5,818 6,406
Total operating expenses 24,223 26,255
Operating profit (loss) (12,241 ) (9,379 )
Financial income (expense):
Interest income (expense), net (14,124 ) (5,311 )
Change in fair value of convertible debt derivative 3 2,627
Impact of debt amendment 13,620
Foreign exchange gain (loss) 354 (205 )
Profit (Loss) before income taxes (12,388 ) (12,268 )
Income tax expense 313 1,889
Profit (Loss) $ (12,701 ) $ (14,157 )
Attributable to :
Shareholders of the parent (12,701 ) (14,157 )
Minority interests
Basic loss per ADS ($0.21 ) ($0.27 )
Diluted loss per ADS ($0.21 ) ($0.27 )
Weighted average number of ADS used for computing:
– Basic 61,764,688 52,774,984
– Diluted 61,764,688 52,774,984
(1) Final results are subject to finalization of the allocation of the Qualcomm deal transaction proceeds

SEQUANS COMMUNICATIONS S.A.

PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

At June 30, At Dec 31,
(in thousands of US$) 2024 (1) 2023
ASSETS
Non-current assets
Property, plant and equipment $ 5,570 $ 6,815
Intangible assets 75,732 64,300
Deposits and other receivables 3,234 801
Other non-current financial assets 349 360
Total non-current assets 84,885 72,276
Current assets
Inventories 4,523 6,335
Trade receivables 2,636 8,115
Contract assets 219 497
Prepaid expenses 1,500 1,422
Other receivables 7,651 4,839
Research tax credit receivable 7,727 9,983
Cash and cash equivalents 13,108 5,705
Total current assets 37,364 36,896
Total assets $ 122,249 $ 109,172
EQUITY AND LIABILITIES
Equity
Issued capital, euro 0.01 nominal value, 248,694,416 shares authorized, issued and outstanding at June 30, 2024 (246,262,004 shares at December 31, 2023) $ 2,905 $ 2,878
Share premium 14,542 14,568
Other capital reserves 73,378 70,261
Accumulated deficit (106,063 ) (93,362 )
Other components of equity (685 ) (416 )
Total equity (15,923 ) (6,071 )
Non-current liabilities
Government grant advances, loans and other liabilities 7,908 3,256
Lease liabilities 1,120 1,645
Provisions 1,932 2,222
Deferred tax liabilities 263 264
Total non-current liabilities 11,223 7,387
Current liabilities
Trade payables 14,935 16,281
Interest-bearing receivables financing 6,204 9,544
Lease liabilities 1,301 1,471
Convertible debt 48,846 52,278
Convertible debt embedded derivative 3
Unsecured related party loan 25,897 8,922
Government grant advances and loans 7,380 4,606
Contract liabilities 10,954 5,852
Other current liabilities and provisions 11,432 8,899
Total current liabilities 126,949 107,856
Total equity and liabilities $ 122,249 $ 109,172
(1) Final results are subject to finalization of the allocation of the Qualcomm deal transaction proceeds

PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

Six months ended June 30,
(in thousands of US$) 2024 (1) 2023
Operating activities
Profit (Loss) before income taxes $ (12,388 ) $ (12,268 )
Non-cash adjustment to reconcile income before tax to net cash from (used in) operating activities
Depreciation and impairment of property, plant and equipment 1,670 1,953
Amortization and impairment of intangible assets 2,748 4,669
Share-based payment expense 2,964 3,559
Decrease in provisions (219 ) (1 )
Interest expense, net 14,124 5,311
Change in the fair value of convertible debt embedded derivative (3 ) (2,627 )
Convertible debt amendment (13,620 )
Foreign exchange loss (gain) 216 281
Working capital adjustments
Decrease (Increase) in trade receivables and other receivables 5,209 (5,163 )
Decrease (increase) in inventories 1,812 983
Increase in research tax credit receivable (987 ) (1,211 )
Increase (Decrease) in trade payables and other liabilities 792 1,040
Decrease in contract liabilities 5,102 (621 )
Decrease in government grant advances 3,112 (333 )
Income tax paid (560 ) (794 )
Net cash flow used in operating activities 9,972 (5,222 )
Investing activities
Purchase of intangible assets and property, plant and equipment (1,200 ) (2,118 )
Capitalized development expenditures (14,851 ) (11,931 )
Sale (Purchase) of financial assets 60 28
Decrease of short-term deposit
Interest received 27 99
Net cash flow used in investments activities (15,964 ) (13,922 )
Financing activities
Proceeds (Repayment of) from interest-bearing receivables financing 577 (910 )
Proceeds from loans 14,000
Proceeds from interest-bearing research project financing 934 545
Payment of lease liabilities (753 ) (657 )
Repayment of government loans (679 ) (782 )
Repayment of interest-bearing research project financing (266 ) (693 )
Interest paid (412 ) (694 )
Net cash flows from financing activities 13,401 16,364
Net increase (decrease) in cash and cash equivalents 7,409 (2,780 )
Net foreign exchange difference (6 ) 2
Cash and cash equivalents at January 1 5,705 5,671
Cash and cash equivalents at end of the period 13,108 2,893
(1) Final results are subject to finalization of the allocation of the Qualcomm deal transaction proceeds

SEQUANS COMMUNICATIONS S.A.

PRELIMINARY UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS

(in thousands of US$, except share and per share amounts) Three months ended
June 30,
2024 (3)
March 31,
2024
June 30,
2023
Net IFRS gain (loss) as reported $ (911 ) $ (11,790 ) $ (9,117 )
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1) 1,847 1,117 1,778
Non-cash change in the fair value of convertible debt embedded derivative (39 ) 36 (325 )
Non-cash interest on convertible debt and other financing (2) 6,972 1,833 1,706
Non-cash impact of convertible debt amendment (13,620 )
Non-IFRS gain (loss) adjusted $ (5,751 ) $ (8,804 ) $ (5,958 )
IFRS basic gain (loss) per ADS as reported ($0.01 ) ($0.19 ) ($0.16 )
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1) $ 0.03 $ 0.02 $ 0.04
Non-cash change in the fair value of convertible debt embedded derivative $ 0.00 $ 0.00 ($0.01 )
Non-cash interest on convertible debt and other financing (2) $ 0.11 $ 0.02 $ 0.03
Non-IFRS basic gain (loss) per ADS ($0.09 ) ($0.14 ) ($0.10 )
IFRS diluted gain (loss) per ADS ($0.01 ) ($0.19 ) ($0.16 )
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1) $ 0.03 $ 0.02 $ 0.04
Non-cash change in the fair value of convertible debt embedded derivative $ 0.00 $ 0.00 ($0.01 )
Non-cash interest on convertible debt and other financing (2) $ 0.10 $ 0.02 $ 0.03
Non-cash impact of convertible debt amendment ($0.22 ) $ 0.00 $ 0.00
Non-IFRS diluted gain (loss) per ADS ($0.09 ) ($0.14 ) ($0.10 )
(1) Included in the IFRS loss as follows:
Cost of product revenue $ 27 $ 17 $ 27
Research and development 509 318 488
Sales and marketing 435 243 361
General and administrative 876 539 902
(2) Related to the difference between contractual and effective interest rates
(3) Final results are subject to finalization of the allocation of the Qualcomm deal transaction proceeds

SEQUANS COMMUNICATIONS S.A.

PRELIMINARY UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS

(in thousands of US$, except share and per share amounts) Six months ended June 30,
2024 (3) 2023
Net IFRS gain (loss) as reported $ (12,701 ) $ (14,157 )
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1) 2,964 3,559
Non-cash change in the fair value of convertible debt embedded derivative (3 ) (2,627 )
Non-cash interest on convertible debt and other financing (2) 8,805 3,114
Non-cash impact of deferred tax income (loss)
Impact of debt reimbursement
Non-cash impact of convertible debt amendment (13,620 )
Non-IFRS gain (loss) adjusted $ (14,555 ) $ (10,111 )
IFRS basic gain (loss) per ADS as reported ($0.21 ) ($0.27 )
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1) $ 0.05 $ 0.07
Non-cash change in the fair value of convertible debt embedded derivative $ 0.00 ($0.05 )
Non-cash interest on convertible debt and other financing (2) $ 0.14 $ 0.06
Non-cash impact of deferred tax income (loss) $ 0.00 $ 0.00
Impact of debt reimbursement $ 0.00 $ 0.00
Non-cash impact of convertible debt amendment ($0.22 ) $ 0.00
Non-IFRS basic gain (loss) per ADS ($0.24 ) ($0.19 )
IFRS diluted gain (loss) per ADS ($0.21 ) ($0.27 )
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1) $ 0.05 $ 0.07
Non-cash change in the fair value of convertible debt embedded derivative $ 0.00 ($0.05 )
Non-cash interest on convertible debt and other financing (2) $ 0.14 $ 0.06
Non-cash impact of deferred tax income (loss) $ 0.00 $ 0.00
Impact of debt reimbursement $ 0.00 $ 0.00
Non-cash impact of convertible debt amendment ($0.22 ) $ 0.00
Non-IFRS diluted gain (loss) per ADS ($0.24 ) ($0.19 )
(1) Included in the IFRS loss as follows:
Cost of product revenue $ 44 $ 59
Research and development 827 958
Sales and marketing 678 708
General and administrative 1,415 1,834
(2) Related to the difference between contractual and effective interest rates
(3) Final results are subject to finalization of the allocation of the Qualcomm deal transaction proceeds

The issuer is solely responsible for the content of this announcement.