SAN DIEGO -- October 5, 1998 -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a royalty-bearing license agreement for Code Division Multiple Access (CDMA) test equipment with Willtech Incorporated of Korea. Under terms of the agreement, Qualcomm granted Willtech a license to design and develop test equipment based on Qualcomm's cdmaOne technology.
"The rapid growth of cdmaOne networks around the world provides Willtech with the potential to significantly increase market share for their digital wireless test equipment," said Steve Altman, executive vice president and general manager of Qualcomm's Technology Transfer Division. "Willtech has been working with some of the major CDMA service providers to optimize the quality of CDMA networks," said Bu-kwan Chang, CEO of Willtech. "With the agreement, Willtech is looking forward to continuing its contributions to CDMA technology with the development of third-generation products and expansion of CDMA systems in Korea as well as worldwide. Willtech is very excited to be working with Qualcomm and hopes to continue to strengthen the business relationship in the years to come."
Headquartered in San Diego, Calif., 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 athttp://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 and commercial implementation of Qualcomm's products, 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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Qualcomm, OmniTRACS, Eudora and Eudora Pro are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated.