Qualcomm Incorporated (NASDAQ:QCOM) announced that Salt Lake City-based PST Vans, Inc. has signed a multi-million dollar contract to purchase 2,000 OmniTRACS® satellite mobile communications units. Terms of the agreement also include the purchase of Qualcomm's SensorTRACS® driver performance reporting system, TrailerTRACS® trailer tracking and asset monitoring system, and OnTRACS® ETA/Out of Route analysis system. Installation has begun.
Committed to continuous improvement in all measurable aspects of its quality process, Robert Hill, president and chief operating officer of PST said, "We chose Qualcomm for its reputation for providing the most superior products available on the market today. OmniTRACS offers the system reliability we need to ensure that our customers will be receiving the best service possible."
According to Hill, Qualcomm's SensorTRACS system will be used to monitor driver performance and serve as an accurate tool for awarding fuel bonuses. The OnTRACS ETA/OoR module, to be installed at a later date, will be used to help improve customer service. "The OnTRACS system will allow us to be proactive should we be faced with a possible service failure," stated Hill. "Having the ability to provide our customers with an accurate ETA and instantly knowing if our vehicles are going out of route will be a tremendous service benefit we look forward to putting to use." The TrailerTRACS product will assist in managing trailer assets.
"We are pleased to have PST join our growing list of customers," stated John Sarto, president of Qualcomm's OmniTRACS Division. "We are confident the OmniTRACS system will provide them with the level of performance they have been seeking and the reliability they need."
With over 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 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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