Qualcomm Incorporated (NASDAQ: QCOM) today announced signing of a multi-million dollar royalty-bearing license agreement with Kokusai Electric Co., Ltd. of Tokyo, Japan. Under terms of the agreement, Kokusai has been granted a patent and technical license to manufacture and sell Code Division Multiple Access (CDMA) subscriber products.
"Kokusai will help meet the demand for CDMA products that will result from Japan's adoption of CDMA as the next generation of digital wireless communications technology," said Steve Altman, senior vice president and general manager of Qualcomm's Technology Transfer Division. "With this agreement, Japanese manufacturers are firmly committed to the path of CDMA as it moves to become the leading standard in the world."
Recently, Japanese government and service providers have moved forward with adoption of CDMA as the next generation of digital wireless communications to meet the expected growth and demand in wireless communications.
Kokusai Electric Co, Ltd., based in Tokyo, Japan, manufactures, markets and sells mobile and wireless communications equipment and semiconductor-related products, including memory chips and electronic components.
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, 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 24, 1996 and most recent Form 10-Qs.
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