Qualcomm Incorporated (NASDAQ: QCOM) today announced the signing of a license agreement with Sharp Corporation of Japan. Under the terms of the agreement, Sharp has been granted a worldwide, royalty-bearing license to manufacture and sell Code Division Multiple Access (CDMA) subscriber products. Sharp becomes the 16th Japanese manufacturer to take an IS-95 CDMA license from Qualcomm.
"Sharp is a recognized world leader in manufacturing personal consumer electronics and will be a valuable addition in meeting the growing worldwide demand for CDMA products," said Steve Altman, senior vice president and general manager of Qualcomm's Technology Transfer Division. "Our agreement allows Sharp to enter the CDMA marketplace with the latest generation of digital cellular and PCS products.
By becoming an IS-95 CDMA licensee, Sharp is strengthening its overall market position, as well as becoming a major source of supply for high-quality CDMA products."
"Sharp Corporation is the worldwide supplier of consumer electronic appliances and is the leading company producing multimedia telecommunication terminals, such as PDA products like the Zaurus, video cameras with LCD and MD. Also, Sharp is recognized as one of the top suppliers of mobile telecommunication terminals such as the PHS, Personal Handy Phone. By introducing CDMA technology, Sharp will strengthen its position in the market for mobile multimedia terminals," said Akira Mitarai, corporate director and group general manager of Sharp's Multimedia Systems Business Development Center.
Sharp Corporation is a worldwide developer of the core digital technologies that are playing an integral role in the emerging era of multimedia. This includes liquid crystal display (LCD), optoelectronics, infrared and semiconductors, and flash memory. Sharp offers one of the broadest and most advanced lines of consumer electronics, business products and electronic components. It has developed innovative, consumer-focused products such as the Viewcam™ LCD camcorder, the Zaurus™ PC Companion and multimedia notebook computers.
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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