Qualcomm Incorporated (NASDAQ:QCOM) today announced that Green Bay, Wis.-based Schneider National, Inc. has renewed its contract to continue using the products and services of Qualcomm's OmniTRACS® mobile communications system. With more than 12,000 OmniTRACS units in operation, Schneider has agreed it will purchase additional units to accommodate the company's future growth. Schneider, the nation's largest truckload carrier, was the first company to equip its fleet with the OmniTRACS system.
"We've set strong goals for maintaining our high level of customer service while also remaining cost competitive," said Don Schneider, president of Schneider National. "The OmniTRACS system has always been, and continues to be, a significant factor in meeting these goals. We've formed a strong partnership with Qualcomm and continue to be pleased with their ability to grow and expand their products to meet our changing needs."
"With the initial signing of the Schneider contract nearly 10 years ago, a unique partnership was formed," said Dr. Irwin M. Jacobs, chief executive officer of Qualcomm. "This union between a technology leader and the nation's top trucking company set the stage for how the trucking industry does business today. We are committed to providing quality products and expert customer service to help our customers remain at the forefront through the use of the most advanced technology available to the industry."
Schneider National is North America's premier transportation and logistics organization. Schneider specializes in customized responses to customer's logistics needs. The company provides Van, Dedicated, TruckRail, Specialized and Bulk services on a transcontinental and regional basis. Schneider Logistic specializes in innovative solutions to supply chain management issues.
With nearly 200,000 OmniTRACS units sold worldwide, Qualcomm is the leader in providing mobile communications and information management systems to the transportation industry. Qualcomm currently has 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, 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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