Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a multi-million dollar, royalty bearing license agreement with Hanwha Corporation of South Korea. Under terms of the agreement, Qualcomm granted Hanwha a license to manufacture and sell subscriber handset products for Personal Communications Services (PCS) applications, based on its Code Division Multiple Access (CDMA) IS-95 standard.
"With Hanwha's resources and aggressive plans to enter the cdmaOne™ market, we expect Hanwha to be a valuable addition in meeting the growing worldwide demand of CDMA products," said Steve Altman, senior vice president and general manager of Qualcomm's Technology Transfer Division.
CDMA is the digital technology of choice for digital cellular and PCS in the U.S., South Korea, and many other countries. CDMA offers better voice quality with longer talk and standby times and greater wireless access to millions of subscribers.
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, please visit http://www.qualcomm.com.
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