LAS VEGAS -- March 15, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM) and Symbol Technologies, Inc. (NYSE: SBL) today announced the formation of a strategic relationship to deliver a mobile vehicle computer and integrated technology solutions to the transportation industry. The development and supply contract, which exceeds $14 million and was signed by Qualcomm Wireless Business Solutions and Symbol, is to date, the largest implementation of Windows® CE computers for a vertical market. Commercial availability is projected for the first quarter of 2000.
The yet-to-be-named computer is being co-developed by Qualcomm Wireless Business Solutions and Symbol to allow for simplified programming and customization directly by the customer. Utilizing the common application programming interface of Windows CE, specific business operations such as rolling ETAs, inventory control programs or driver logs can be created and added to a customer's portfolio of operational efficiency tools without extensive integration and operating issues. Ruggedized to withstand adverse handling and environmental conditions, the computer is specifically designed to integrate with Qualcomm's current satellite-based OmniTRACS® mobile information management system as well as its future terrestrial-based products. Additionally, with the appropriate software development the computer will have the capability of communicating via Symbol's Spectrum24 wireless local area network allowing for wireless communication when the vehicle enters an area, such as a terminal yard, that is equipped with a Spectrum24 network.
"We look forward to providing our current and future customers with enhanced computing capabilities and flexibility that will give them the control to develop and integrate business applications without depending on us or another third party to provide it for them," stated Phil White, president of Qualcomm Wireless Business Solutions. "We feel very confident about working with Symbol for a variety of reasons, especially its superior reputation, market dominance and financial stability and we hope to continue working together on other technology solutions going forward."
"Symbol's Logistics Systems business is our fastest growing market segment," said Tomo Razmilovic, president and chief operating officer of Symbol Technologies. "Our strategic partnership with Qualcomm to provide a comprehensive in-truck information technology solution is an example of Symbol teaming with a world-class integrator and solution provider."
Symbol's Logistics Systems, based in Atlanta, provides solutions integrating the Company's proven expertise in wireless mobile computing and 1D and 2D bar code scanning along with a global network of partners. LOMAS is the Symbol-developed software collaboration architecture that provides the industry with a fully integrated logistics solution.
Symbol Technologies Inc. is a global leader in mobile data management systems with innovative customer solutions based on wireless local area networking for data and voice communications, application-specific mobile computing and bar code data apture. Symbol's wireless LAN solutions are installed at more than 30,000 customer locations worldwide and support more than six million Symbol scanners and application-specific mobile scanner-integrated computer systems. Symbol provides point-of-activity computing solutions for retailing, transportation and distribution logistics, parcel and postal delivery, healthcare, manufacturing and other industries. Customer information is available from Symbol at 1-800-SCAN-234 and at http://www.symbol.com.
With over 270,000 OmniTRACS units sold worldwide, Qualcomm Wireless Business Solutions is the leading provider of mobile communications and information management systems to the transportation industry. Qualcomm currently has systems operating in the United States, Canada, Europe, Russia, Middle East, Mexico, Brazil, Japan, Korea, Malaysia and China.
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's major business areas include CDMA phones; integrated CDMA chipsets and system software; wireless infrastructure; technology licensing; and satellite-based systems including OmniTRACS® and portions of the Globalstar™ system. Qualcomm is headquartered in San Diego, Calif. Qualcomm's fiscal 1998 revenues exceeded U.S. $3 billion. For more information, 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, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, 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 27, 1998, and most recent Form 10-Q.
Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. All other company and product names are trademarks of their respective holders.