In a strategic move to expand its worldwide presence, Qualcomm Incorporated's (NASDAQ:QCOM) OmniTRACS® division announced the promotion of George Mansho to Vice President and General Manager of OmniTRACS International. Mansho will manage current operations, develop new market strategies, expand international partnerships and execute the division's strategy in terms of future migration paths and product development plans.
In his three year tenure as Director and then Vice President of Licensing and Strategic Alliances for Qualcomm's CDMA division, Mansho played a keyrole in building Qualcomm's international business relationships with such notable manufacturers as NEC, Fujitsu and Siemens. Mansho brings a degree in Law and nearly fifteen years experience with strategic alliance relationships in the satellite and telecommunications industry to his new position.
"OmniTRACS International business has grown tremendously in the last few years," stated John Sarto, president of Qualcomm's OmniTRACS division. "With George's experience in our CDMA division as well as his previous experience in satellite communications, we plan to explore new market opportunities as well as pave the way for future development of the OmniTRACS system."
The world's leading provider of satellite communications, tracking and information management solutions to the trucking industry, Qualcomm has sold nearly 200,000 OmniTRACS units worldwide, with systems operating in the United States, Canada, Europe, Brazil, Mexico, Japan, Malaysia and Korea. In less than three years, Qualcomm has more than doubled the international presence of its OmniTRACS system, expanding operation from 15 countries to its current 33.
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 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 28, 1996 and most recent Form 10-Qs.
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