Qualcomm Incorporated (NASDAQ: QCOM), aleader in mobile communications for the transportation industry, todayannounced that it has renewed its contract with Prime, Inc., one of the top10 truckload carriers and one of the largest refrigerated carriers in thenation. Specializing in refrigerated and flatbed operations, Prime is atechnology innovator who has taken the OmniTRACS system and fullyintegrated it into their dispatch and operations systems. An early user ofthe OmniTRACS® mobile information management system and a Qualcomm customersince 1992, Prime has extended its contract for an additional five years.
In conjunction with the OmniTRACS system, Prime uses Qualcomm'sTrailerTRACS® product to manage its trailer assets and trailer poollocations. TrailerTRACS has enabled Prime to significantly improve itsasset utilization with timely drop and hook information, monitoring of loadtemperatures, set points, door open and alarm conditions. It also helpsensure that temperature-sensitive goods are delivered on-time anddamage-free. In addition to improving its tractor-trailer ratio, Prime hasbeen able to save many high-value loads over the past couple of years withthe aid of TrailerTRACS' asset monitoring capabilities.
"We are pleased that Prime has taken our OmniTRACS and TrailerTRACStechnologies and capitalized on their capabilities by fully integratingthem into their business systems," said Phil White, senior vice presidentand general manager of Qualcomm Wireless Business Solutions. "They are anoutstanding example of how a customer can incorporate mobile data andtrailer monitoring throughout their operations and use them in onecomprehensive mobile information management system."
"Not only have we renewed our OmniTRACS contract, but we have greatlybenefited from using Qualcomm's TrailerTRACS product," stated Robert Low,president and founder of Prime, Inc. "Its asset control and monitoringfeatures have been vital to our ability to better serve our customers."Low added that "TrailerTRACS and OmniTRACS mobile information are keyelements of our business operations and enable us to stay ahead of thecompetition while exceeding the increasing demands of today's shippers."
With over 250,000 OmniTRACS units sold worldwide, Qualcomm is the leadingprovider of mobile communications and information management systems to thetransportation industry. Qualcomm currently has systems operating in theUnited States, Canada, Europe, Russia, Middle East, Brazil, Mexico, Japan,Korea and Malaysia.
Located in Springfield, Mo., Prime, Inc. is one of North America's toprefrigerated and flatbed carriers with a reputation for safe, reliable andcontinuous on-time service. Prime is committed to providing unsurpassedworld-class customer service as they continue to seek new methods,technical advances and systems which enable them to meet theever-increasing demands of shippers well into the new millennium. Foundedin 1970 with one truck, Prime continues to expand and since 1986, hasexperienced an average growth in revenue in excess of 20 percent per year.Prime's personnel, equipment and technology remains on the cutting edge ofthe transportation industry enabling the Company to continue to positionitself to serve new customers and expand its facilities. For furtherinformation about Prime, Inc., please visit the Company's Web site athttp://www.primeinc.com/.
Headquartered in San Diego, Qualcomm develops, manufactures, markets,licenses and operates advanced communications systems and products based onits proprietary digital wireless technologies. The Company's primaryproduct areas are the OmniTRACS® products, CDMA wireless communicationssystems and products and, in conjunction with others, the development ofthe 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 andcommercial customers worldwide. For more information on Qualcomm productsand technologies, please visit the Company's Web site athttp://www.qualcomm.com/.
Except for the historical information contained herein, this news releasecontains forward-looking statements that are subject to risks anduncertainties, including timely product development, change in economicconditions of the various markets the Company serves, as well as the otherrisks detailed from time to time in the Company's SEC reports, includingthe report on Form 10-K for the year ended September 28, 1997 and mostrecent 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.
October 26, 1998October 26, 1998Qualcomm Renews OmniTRACS Contract with Trucking Industry Leader PrimeQualcomm Renews OmniTRACS Contract with Trucking Industry Leader Prime