Sequans Communications S.A.

Welcome to the sequence conference call to discuss the company's agreement to sell its 4G IoT technology to Qualcomm and the preliminary second quarter 2024 financial results. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. Instructions will be given at that time. As a reminder, this conference is being recorded. I would now like to turn the call over to Kim Rogers of Hayden IR. Ms. Rogers, you may begin.

Thank you, Laura. And thank you to everyone participating in today's call. Joining me on the call today from Sequon's Communications is George Karam, Chairman and CEO. Before I turn over the call to George, I'd like to remind our participants of the following important information on behalf of Sequon. Please note that a joint press release was issued today announcing an agreement for Sequon to sell its 4G IoT while retaining a license for its ongoing use and development for $200 million in an all-cash transaction to Qualcomm Technologies Inc., to be referred to as Qualcomm on this call, a subsidiary of Qualcomm Incorporated. In conjunction with this announcement, Sequon's also released its second quarter 2024 earnings press release, Both press releases were posted to the company's website at www.sequins.com under the newsroom section. A transcript of this call will also be posted to the company's investor relations website under the investor materials section. Before we start, I'd like to remind everyone that this conference call contains forward-looking statements, including statements regarding the sale of the company's 4G IoT technology to Qualcomm, with the retention of a license for ongoing use and development. All statements other than present and historical facts and conditions contained in this call, including any statements regarding the sale of the company's 4G IoT technology to Qualcomm, with the retention of a license for ongoing use and development, our business strategy and plan, and our financial outlook, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are only precautions, predictions, and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties, and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those projected or implied in the forward-looking statements. More information on factors that could affect the sale of the company's 4G IoT technology to Qualcomm with the retention of a license for ongoing use and development and our business and financial results are included in our public filings made with the Security and Exchange Commission. And now I'd like to hand the call over to George Karam. Please go ahead, George.

Thank you, Kim. Good morning, everyone.