Qualcomm Incorporated (NASDAQ: QCOM) announced that Bulkmatic Transport Company, the nation's largest dry bulk carrier, has signed a contract for the purchase of 1,000 OmniTRACS® mobile communications units. Installation of the first 600 units has been completed, with the remainder to follow within the next five years. Bulkmatic has also licensed the SensorTRACS® performance monitoring system, an optional OmniTRACS feature designed to help control fuel and maintenance costs by monitoring driver performance variables, such as idle time, overspeed and over-rev.
"After extensively reviewing other mobile communications options, we chose the OmniTRACS system because we were impressed with Qualcomm's vision and commitment to investing in the latest technologies," said Jim Blackmon, senior vice president of operations at Bulkmatic. "The SensorTRACS system and other company offerings attest to the fact that Qualcomm is constantly looking for new methods to improve its customers' efficiencies. These products will assist in our endeavors to create a paperless environment for our drivers and to maximize our equipment utilization." Griffith, Ind.-based, Bulkmatic Transport operates in the 48 contiguous states, Canada and Mexico. The company's primary business is hauling bulk commodities, transporting more than 17 million pounds of flour daily, in addition to starch, sugar, plastics and other dry goods.
"We are pleased that Bulkmatic recognizes our commitment to providing the right solutions to the trucking industry," said John Sarto, senior vice president and general manager of Qualcomm's OmniTRACS Division. "And we look forward to providing them with the products and services that will continuously optimize their efficiencies and increase their customer satisfaction."
Qualcomm's family of OmniTRACS products includes the OmniTRACS mobile communications and position reporting system; value-added application software designed to enhance existing operations; transportation and business solutions; and information management systems. Qualcomm has sold more than 175,000 OmniTRACS units worldwide, with systems operating in the United States, Canada, Europe, Brazil, Mexico, Japan, Korea and Malaysia.
Headquartered in San Diego, Qualcomm develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS® system (a geostationary satellite-based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar™ low-earth-orbit (LEO) satellite communications system. Other Company products include the Eudora Pro™ electronic mail software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on Qualcomm products and technologies, please visit the Company's web site at http://www.qualcomm.com.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development and commercial implementation of the Company's CDMA technology, continued growth in the CDMA subscriber population and the scale up and operations of CDMA systems, timing and receipt of license fees and royalties, the Company's ability to successfully manufacture significant quantities of CDMA or other equipmenton a timely and profitable basis and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 29, 1996 and most recent Form 10-Qs.
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