Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a Code Division Multiple Access (CDMA) subscriber license agreement with CASIO COMPUTER CO., LTD. of Japan. Under the terms of the multi-million dollar, royalty-bearing agreement, Qualcomm will grant CASIO a license to manufacture and sell subscriber products for wireless applications, including cellular, Personal Communications Services (PCS) and wireless local loop based on its Code Division Multiple Access(CDMA) IS-95 standard.
"With CASIO being a high-quality manufacturer, we expect them to be an integral part of meeting the growing demand for CDMA products," said Steve Altman, executive vice president and general manager of Qualcomm's Technology Transfer Division. "This agreement demonstrates yet another major Japanese company's commitment to Qualcomm's CDMA technology as it becomes the leading digital standard around the world."
CDMA is the digital technology of choice for digital cellular and PCS in the United States. CDMA offers higher 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 communication 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 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 users worldwide. For more information, please visit http://www.qualcomm.com.
Except for historical information contained herein, this news release contains forward looking statements that are subject to risks and uncertainties, including timely product development, 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 28, 1997 and most recent Form 10-Q.
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