Qualcomm Incorporated (NASDAQ:QCOM) today announced the signing of an agreement valued at over $60 million with Hansol PCS of Korea for the purchase of Qualcomm's new 1800 MHz Code Division Multiple Access (CDMA) Korean PCS Q™ phones. The new phones are scheduled to begin shipping to Hansol PCS before the end of this calendar year.
"We are proud to expand our product offerings in the Korean market and are very pleased Hansol has chosen Qualcomm's new Korean Q phone" said Dr. Paul E. Jacobs, president of Qualcomm's Subscriber Products Division. "The development of a Korean PCS Q phone for Hansol demonstrates our ongoing commitment to deliver state-of-the art CDMA technology and products to the Korean market."
"By choosing Qualcomm, the pioneers of CDMA technology, Hansol has ensured that the Korean wireless market will have the latest developments in CDMA available," said Iee Jin Chung, Vice President of Hansol PCS.
Qualcomm's CDMA new Korean digital PCS Q phone is a compact, palm-sized folding phone that features a wide variety of options to provide users the utmost in flexibility. Automatic call answer enables users to respond to a call by simply opening the phone. For those who prefer caller ID, users may opt to have the phone display the incoming number upon opening and choose to answer with a single touch of a button. The ergonomically designed Q phone also offers users short messaging service and voice mail alert, as well as programmable ringers and a choice of call alerts, including a new vibration mode that silently notifies users of a call or page.
The Q phone complements Qualcomm's entire family of advanced CDMA digital phones, including the QCP series of cellular and PCS portable phones and the QCT series of cellular and PCS fixed wireless phones. The hallmarks of every Qualcomm CDMA digital phone include crystal clear voice quality, enhanced privacy and fewer dropped calls.
Headquartered in Seoul, Korea, Hansol PCS is the Personal Communications Service (PCS) service provider as an affiliate of Hansol business group. Hansol PCS has successfully completed its preparation for PCS service and is scheduled to commercially launch its high quality PCS service from October, 1997 with nationwide coverage. Hansol PCS is also actively participating in the next generation of telecommunication technology such as wideband CDMA and IMT-2000. Hansol is one of the leading business groups in Korea focusing on telecommunications, multimedia and information industries.
Headquartered in San Diego, California, Qualcomm develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. Qualcomm'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 Qualcomm 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 Qualcomm'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, continued growth in the CDMA subscriber population and the scale up and operations of CDMA systems, Qualcomm's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, change in economic conditions of the various markets Qualcomm serves, as well as the other risks detailed from time to time in Qualcomm's SEC reports, including the report on Form 10-K for the year ended September 29, 1996 and most recent Form 10-Qs.
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