Tag: South Africa

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eXp Realty Supercharges Agent Earning Potential

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities

eXp Realty Supercharges Agent Earning Potential

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) —  eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the launch of Accelerate – an incentive program focused solely on helping eXp agents build for their future by maximizing their revenue share earning potential during their first year with the company.

“In the lifespan of an agent, a critical component of long-term success is the ability to build for their retirement, so we launched Accelerate to help catalyze their potential earnings and create momentum in the first year and build for their future,” said Glenn Sanford, Founder and CEO of eXp Realty. “We continue to be relentlessly focused on delivering a model that puts agents first. I couldn’t be more proud of what we have created, especially for those looking to build long-term wealth, with our revenue share and equity programs for agents, as well as a favorable cap and split model.”

Accelerate, which is available in all 24 countries where eXp Realty operates, applies to agents who joined on or after March 1, 2023. The program automatically opens revenue share tiers 2 and 3 for 12 months beginning Sept. 7, 2023, creating the opportunity to have 10 front line qualifying agents (FLQA) immediately. This can open up the eXponential components of eXp’s revenue share program in that first year. After the 12-month period, standard revenue share criteria will apply.

“Accelerate was designed to reduce barriers and incentivize agents to grow their organizations,” said Michael Valdes, Chief Growth Officer, eXp Realty. “It enables them to focus on selling and growing their businesses while earning the maximum potential revenue share for tiers two and three for the first year. Our aligned compensation model, where agents are rewarded for both production and contributions to eXp’s growth, brings more value than ever before.”

This launch comes on the heels of the company’s June announcement that, for the first time, was refining revenue share criteria for its agents, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA. As part of its efforts to continually enhance its model, the company also launched Boost, a program designed to financially incentivize qualifying independent teams and brokerages to join eXp Realty.

Revenue share is just one part of eXp Realty’s aligned compensation model, which also includes competitive commissions and stock equity programs designed to enable its agents to build for their future.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com. 

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04ad7948-9819-48ea-92e3-6e0804785bab

GlobeNewswire Distribution ID 8918619

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eXp World Holdings Appoints Fred Reichheld to Board of Directors

Net Promoter® System creator and one of the world’s leading experts on customer and employee loyalty brings unparalleled knowledge of employee and customer satisfaction

eXp World Holdings Appoints Fred Reichheld to Board of Directors

Net Promoter® System creator and one of the world’s leading experts on customer and employee loyalty brings unparalleled knowledge of employee and customer satisfaction

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) —  eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) this week announced the appointment of Net Promoter® System (NPS) creator Fred Reichheld to the Company’s board of directors, effective Sept. 7, 2023.

“We are honored to welcome Fred Reichheld to our Board of Directors,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings. “For companies that value customer and employee satisfaction and loyalty, as we do, the holy grail is the Net Promoter System. Conducting regular NPS surveys with our agents and staff since 2016 is core to delivering on our agent-centric mission, and Fred shared his wisdom with our team at this year’s Shareholder Summit. I am thrilled to have him on our Board of Directors and look forward to working even more closely together.”

In addition to creating the NPS system, Reichheld is a sought-after speaker and best-selling author. His most recent book, “Winning on Purpose: The Unbeatable Strategy of Loving Customers,” explains how NPS helps companies become truly customer-centric, experiencing profitable growth through systematically converting more customers into promoters and fewer into detractors. He is currently a Bain & Company Fellow and founder of their Loyalty practice. He graduated with honors both from Harvard College (B.A., 1974) and Harvard Business School (M.B.A., 1978).

Concurrent with Reichheld’s appointment, Sir Darren Jacklin will step down but continue to serve on the eXp Realty Canada Board of Directors. Following these changes, the eXp World Holdings board will comprise seven directors, four of whom are independent. Jacklin served on the eXp World Holdings Board of Directors for nearly 10 years.

“Darren has been an integral part of this company, and we are fortunate to have his continued insight and leadership on the eXp Canada Board of Directors,” said Sanford. “I would like to personally thank him for all his many contributions over the years. His experience traveling to four continents and over 50 countries mentoring entrepreneurs and business owners on specific and measurable strategies designed to build their success was a great asset to us. eXp Canada will greatly benefit from his experience and wisdom.”

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com. 

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/097fbd03-129c-44d0-bb81-073f4d26b3a7

GlobeNewswire Distribution ID 8917806

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Mosa Meat Becomes B Corp Certified

Cultivated meat pioneer joins the global community of businesses that meet high standards of social and environmental impact.

Maastricht, Netherlands, Sept. 07, 2023 (GLOBE NEWSWIRE) — Mosa Meat, a leader in cultivated beef production, announced today to have become a Certified B Corporation™. This marks a significant milestone in the company’s commitment to creating a more sustainable food system and bringing together partners, investors and suppliers who use business as a force for good. Upon certification, Mosa Meat became the first cultivated meat company worldwide to become B Corp™ Certified.

Founded in 2016, Mosa Meat gained international acclaim in 2013 when its founders, Mark Post and Peter Verstrate, introduced the world’s first cultivated beef hamburger grown directly from cow cells. Since then, the company has been dedicated to producing real beef in a manner that benefits people, animals, and the planet. Mosa Meat’s B Corp™ Certification validates its mission to fundamentally reshape the global food system, showcasing its environmental and social performance, commitment to accountability, transparency and leadership in driving economic systems change.

“We are thrilled to become B Corp Certified,” said Maarten Bosch, CEO of Mosa Meat. “This certification validates our commitment to sustainable practices and ethical foundations as well as strengthens our position as trendsetters in the global cellular agriculture movement. We believe in creating real, delicious meat that positively impacts the climate and our food system and are optimistic that these values will be shared across the many stakeholders in our nascent field of cellular agriculture.”

Leonardo DiCaprio, advisor and investor said “Mosa Meat continues to be a champion for change. I am proud to see Mosa Meat be the first cultivated meat company in the world to become B Corp Certified and hope it is the first of many.”

To receive B Corp™ Certification businesses are assessed on performance, accountability, and transparency in their social and environmental impact. They are holistically evaluated on aspects ranging from governance and mission to environmental practices, workers’ welfare and supply chain practices. With this certification Mosa Meat joins a community of caring, responsible and courageous leaders like Patagonia, Amy’s Kitchen, and Ben & Jerry’s that have become a Certified B Corporation™ previously.

After more than a year of thorough evaluation, Mosa Meat became B Corp™ Certified with two Impact Business Models (IBMs): ‘Resource Conservation’ and ‘Mission Locked’.

  • Resource Conservation recognizes products/services that reduce resource use (energy and water)
  • Mission locked recognizes companies that protect their mission and ability to formally consider stakeholders in decision making through their corporate structure or corporate governing documents

For an IBM certification, companies need to demonstrate principles that are specific, material, verifiable, lasting, and extraordinary. While the B Corp™ process is quite selective for companies to go through, gaining an IBM is considered to be even more challenging.

To realise the biggest positive climate impact, Mosa Meat is focused on cultivating beef over other types of meat first, and uses 100% renewable energy at their production facility. According to an independent, peer-reviewed Life Cycle Analysis study, cultivated beef production could reduce climate impact by 92%, air pollution by 93%, use 95% less land and 78% less water when compared to industrial beef production. Additionally, cultivated beef production offers the opportunity to free up land for more regenerative agriculture and re-wilding of habitats, which would further reduce negative impacts of food production. The automated process through which cultivated meat is produced, and the clean environment of its manufacturing, will also drastically reduce the need for antibiotics use and the risk of pathogens, contaminants and foodborne illnesses associated with intensive animal farming.

ABOUT MOSA MEAT
Mosa Meat is a global food technology company pioneering a cleaner, kinder way of making real beef. Our founders introduced the world’s first cultivated beef hamburger in 2013, by growing it directly from cow cells. Founded in 2016, Mosa Meat is now scaling up production of the same beef that people love, but in a way that is better for people, animals, and the planet. A diverse and growing team of food-loving problem-solvers, we are united in our mission to fundamentally reshape the global food system. Headquartered in Maastricht, The Netherlands, Mosa Meat is a privately held company backed by Lowercarbon Capital, Bell Food Group, Nutreco, Mitsubishi Corporation, Leonardo DiCaprio and others.

Follow Mosa Meat on Facebook, LinkedIn, Twitter and Instagram or visit mosameat.com to learn more about why people #cravechange.

Attachments

Tim van de Rijdt
Mosa Meat
press@mosameat.com

GlobeNewswire Distribution ID 8916610

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Resonac Partners with Matmerize to Pioneer 6G Technology Advancement using Innovative AI Software

ATLANTA, Sept. 06, 2023 (GLOBE NEWSWIRE) — In a significant collaboration, Matmerize, Inc., a materials AI innovator, and Resonac Corporation have formed a strategic partnership aimed at revolutionizing the landscape of 6G technology. Building on the strong collaborative foundation, Resonac will leverage the power of Matmerize’s PolymRize™ AI software technology to accelerate the development of exceptional high-performance neat and composite materials for 6G technology and beyond.

In January 2023, Resonac Corporation announced plans to develop new semiconductor materials for 6G, the next-generation telecommunication system standard following 5G. With 6G set to be 100 times faster than 5G, new semiconductor materials are needed to substantially reduce the transmission loss associated with the increased communication speed. To meet this requirement, Resonac will identify optimal materials with the required characteristics through computational and Artificial Intelligence (AI) methods in a collaborative venture with Matmerize, Inc. Where manual testing using traditional techniques would demand three months to assess a single materials combination, Matmerize’s AI software, PolymRize™, reduces the time required to a single day and can evaluate up to 90 combinations within the same three-month span. The result promises to be a fusion of materials engineering and artificial intelligence, poised to redefine the development of 6G technology.

PolymRize™ harnesses Matmerize’s proprietary data or client-specific data to construct predictive models. Once built, these models rapidly predict the properties of novel, yet-to-be-synthesized polymers, composites, and formulations, complete with their associated uncertainties. The software employs automated and generative design tools to recommend ideal candidates that meet property requirements for subsequent rounds of physical experimentation. PolymRize™ thus accelerates the journey towards target materials, drastically reducing both time and costs. Moreover, it introduces a framework for data management and organization, and has emerged as a dependable digital aide for chemists and process engineers.

In a pilot initiative, Resonac evaluated Matmerize’s capabilities. Predictive models were constructed using PolymRize™ and 3rd party software for key material properties relevant to 6G technology. Properties included bandgap, dielectric constant, refractive index, glass transition temperature, and coefficient of linear expansion. The performance of PolymRizeTM and third-party models were assessed by making property predictions for identical unseen test cases. PolymRizeTM predictions consistently out-performed third-party models in speed and accuracy (see figure showing Performance of models).

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Resonac PR: Performance models comparison

“Collaborating with Resonac on the development of 6G technology is a remarkable opportunity for Matmerize,” said Rampi Ramprasad, Co-Founder and CEO of Matmerize. “Aligned with Resonac’s vision to revolutionize next-generation technologies and powered by Matmerize’s commitment to advance AI algorithms, architectures, and virtual materials design capabilities, we are poised to usher in a new era of accelerated intelligent materials design”.

For more information on the innovative PolymRizeTM platform please visit: https://www.matmerize.com/polymrize

For Resonac’s announcement of development of new semiconductor materials for 6G
https://www.resonac.com/news/2023/03/13/2391.html

About Matmerize:

Matmerize, a recent spin-out from the Georgia Institute of Technology, is at the forefront of pioneering solutions that bridge the gap between AI and materials engineering. Matmerize’s PolymRizeTM platform utilizes virtual screening and AI algorithms to identify the most optimal materials, enabling technologists to focus their experimental efforts on the most promising options, thus significantly accelerating the materials engineering process. PolymRizeTM represents a paradigm shift in industry, propelling clients ahead of the competition and driving innovation at an unprecedented pace.

About Resonac:
The Resonac Group is a new company established as a result of the integration of the Showa Denko Group and the Showa Denko Materials Group (former Hitachi Chemical Group) in January 2023. The Group’s annual sales of semiconductor and electronic materials amount to about 400 billion yen, accounting for about 30% of the Group’s annual net sales. The Group especially has global top share of semiconductor materials for packaging process. The integration of the two companies has enabled the Resonac Group to design functions of materials as well as to develop them in-house, going all the way back to raw materials. The new trade name “RESONAC” was created as a combination of two English words, namely, the word of “RESONATE” and “C” as the first letter of CHEMISTRY. The Resonac Group will make the most of its co-creative platform, and accelerate technological innovation with semiconductor manufacturers, material manufacturers, and equipment manufacturers inside and outside Japan.

For details, please refer to our website: Resonac Holdings Corporation: https://www.resonac.com/

Contact: 
Matmerize, Inc.
https://www.matmerize.com
E: info@matmerize.com
Y: Watch Matmerize Videos on YouTube
L: Follow our LinkedIn Page

GlobeNewswire Distribution ID 8917638

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GMAC Expands Global Representation in Board and School Membership

New board chair, board members and member school span footprint from Asia to America

RESTON, Va., Sept. 05, 2023 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced changes to its board of directors. Themin Suwardy, a GMAC board member since 2019 and associate provost of postgraduate professional education at Singapore Management University, has been elected to chair the GMAC board. Ana María Zermeño Padilla, director of operations and academic experience at Tecnológico de Monterrey’s EGADE Business School in Mexico, as well as Curtis Ferguson, managing partner at Ventech China, have joined the GMAC board as its newest members.

In addition, GMAC welcomed Asia School of Business (ASB) as its 227th member school. Based in Kuala Lumpur, ASB was established in 2015 by the central bank of Malaysia, Bank Negara Malaysia, in collaboration with MIT Sloan School of Management in response to the need for world-class talent in Malaysia, the region and emerging world. Today, ASB’s award-winning MBA degree program has been hailed as one of the most innovative MBA programs in the world.

“GMAC research has shown that business schools in Asia Pacific are attracting more talent in-region than prior to the pandemic despite rebounding international mobility, while those in Latin America are benefiting from growing international applications,” said Joy Jones, CEO of GMAC. “I am thrilled to have these talented individuals and the esteemed ASB organization deepening their engagement with the Council, enhancing our board diversity and membership roster. They are bringing valuable perspectives and critical insights to GMAC’s global mission of helping business schools and talent discover and evaluate each other.”

More about New Directors on GMAC Board

Ana María Zermeño Padilla has a proven track record as an academic leader at several institutions among Tec de Monterrey System, including Virtual University and TecMilenio. At EGADE Business School, she oversees all student academic and life experience, administrative operations, and logistics for in-person and online students. She is a member of the board for Somos El Cambio and Instituto de Formacion y Perfeccionamiento Policial de San Pedro, both academic institutions. She holds a bachelor’s degree in business administration, a master’s in education and a Ph.D. in education innovation from Tecnológico de Monterrey in addition to a master’s in business analytics from EGADE Business School.

Curtis Ferguson is a managing partner of Ventech China, where he leads investment in the country’s fast-growing consumer markets. He was a former executive at The Coca-Cola Company for nearly four decades and most recently the president of The Coca-Cola Greater China, Korea & Mongolia Business Unit. He has been actively involved in education, having served as the chairman of Cairo American College and on the Dean’s Advisory Council of his alma mater Indiana University’s Kelley School of Business. His initiative of a scholarship program benefiting disadvantaged students from the Middle East and Africa has led to him and Coca-Cola being awarded the U.S. State Department Award for Corporate Citizenship. Mr. Ferguson holds a Bachelor of Science degree from the Indiana University Kelley School and is a graduate of the Executive Development Programs at Stanford Graduate School of Business and the Wharton School of the University of Pennsylvania.

While GMAC welcomes the new leadership and addition to its board, GMAC also recognizes and thanks its outgoing board chair, Jon Erickson, former president of education and career services at ACT, and outgoing board member, Katy Montgomery, former associate dean of degree programmes at INSEAD.

“I have in the past years worked alongside Jon and Katy, witnessing firsthand their dedication as we together advocate for the graduate management education community. I am grateful for their contributions,” said Themin Suwardy, the newly elected GMAC board chair. “I look forward to leading the board, including our new additions Ana María and Curt, to create more values for the schools and candidates we so tirelessly serve.”

More about Asia School of Business and GMAC Membership

Asia School of Business (ASB) – the first GMAC member school from Malaysia – aspires to be a premier school of management in Asia recognized for its ability to develop transformative and principled leaders who will contribute to a better future and to the advancement of the emerging world. Their approach to learning focuses on classroom rigor combined with onsite action learning experiences throughout Asia. Besides the MBA degree program, ASB also offers an executive MBA, a master in central banking, and a master in management degree to be launched later this year.

To be considered for membership in GMAC, a school must maintain a selective admissions process; offer a master’s program in business administration, management subjects or equivalent; and demonstrate support of GMAC’s mission of providing the tools and information necessary for schools and talent to discover and evaluate each other.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and GMAC Tours are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
thsu@gmac.com

GlobeNewswire Distribution ID 8916819

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eLichens is introducing the first Natural Gas Detector integrating NB-IoT/LTE-M Connectivity from Sequans

Avolta Natural Gas Detector with NB-IoT/LTE-M Connectivity

eLichens is introducing the first Natural Gas Detector integrating NB-IoT/LTE-M Connectivity

GRENOBLE, France, Sept. 05, 2023 (GLOBE NEWSWIRE) — eLichens, a leading provider of non-dispersive infrared sensors and detectors, is thrilled to announce the collaboration with Sequans, resulting in the latest evolution of its Avolta, Natural Gas Detector (NGD). This new edition of Avolta harnesses the power of NB-IoT/LTE-M technology, utilizing the Sequans’ Monarch-2 platform.

Avolta is a battery-operated NGD device with a longevity of 10 years. Avolta offers near-infrared spectroscopy to detect methane’s unique signature on the light spectrum, delivering unparalleled accuracy while effectively mitigating the risk of interference from other household chemicals.

The core mission of Avolta is to drive a significant reduction in methane emissions, safeguard the future of energy resources, and ensure the safety of individuals and the environment.

Avolta becomes an essential part of the net zero program that is reshaping the global economy.

“Accelerating the deployment of natural gas detection across the entire energy value chain is an essential part of global efforts to reduce greenhouse gas emissions,” said Wahid Issa, eLichens CEO. “Avolta integrating Sequans’ Monarch-2 connectivity enables gas utilities to deploy ubiquitous NGD at an optimized cost of ownership, and ensures compliance with FirstNet certification and standards such as UL1484 and EN50194-1.”

“Monarch-2 GM02S is a LTE Cat M1/NB1/NB2 module based on Sequans’ second-generation Monarch 2 chipset platform. Monarch 2 includes Sequans’ RF Single-SKU™ front end and incorporates the Common Criteria EAL5+ secure enclave, enabling secure key storage and embedded SIM (iSIM),” said Georges Karam, CEO and President of Sequans.

For more information on Avolta: www.elichens.com/avolta-gas-leak-detector

About eLichens
eLichens mission is to provide solutions for detecting and monitoring climate issues related to environmental greenhouse gases. eLichens relies on a portfolio of patents and expertise that allow it to develop innovative and disruptive smart infra-red sensors and industrial IOT devices. eLichens is based in Grenoble, France with offices in the USA. Visit www.elichens.com

Contact: info@elichens.com

About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. Founded in 2003, Sequans is based in Paris, France with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China. Visit Sequans online at www.sequans.com, and follow us on Twitter and Linked-In.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd8a6db5-ae53-4d61-ae85-7108ba3d68b7

GlobeNewswire Distribution ID 1000838118