Qualcomm Incorporated (NASDAQ:QCOM) announced that Transportation Services Inc. (TSI) has agreed to purchase 360 OmniTRACS® mobile communications units. Installation has been completed on the majority of these units. Detroit-based TSI specializes in the transportation of automotive parts and components for assembly in production facilities throughout the United States, Canada and Mexico.
"The bulk of our business is time-sensitive, so it was critical we purchase a system that provided the ability to obtain real-time information," stated John Begin, chief executive officer of TSI. "The OmniTRACS system enables us to accurately track our customers' shipments. JIT (Just-in-time) was invented by the auto industry. Now every industry uses this concept to reduce inventories and minimize warehousing activities. The OmniTRACS system will help us to better achieve our goals." After exploring competing systems, TSI chose the OmniTRACS system because it provides "the most sophisticated onboard equipment and a host of extremely useful companion products," Begin explained. "We also found the satellite-based OmniTRACS system to be more efficient and cost-effective than cellular."
"We are pleased that TSI views the OmniTRACS system as a vital tool for helping them to provide their customers with the most sophisticated and up-to-date services , such as JIT," said John Sarto, president of Qualcomm's OmniTRACS division. "We look forward to working with TSI to help them gain operational efficiencies and improve customer satisfaction."
Qualcomm is the world's leading provider of satellite communications, tracking and information management solutions to the trucking industry. Qualcomm has sold more than 185,000 OmniTRACS units worldwide, with systems operating in the United States, Canada, Europe, Brazil, Mexico, Japan, Malaysia and Korea.
Headquartered in San Diego, Qualcomm develops, manufactures, markets, licensesand 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, any forward-looking statements contained in this release are subject to risks and uncertainties, including 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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