SAN DIEGO -- April 28, 1999 -- Qualcomm Incorporated (NASDAQ: QCOM), the transportation industry's leading provider of mobile communications systems, and ORBCOMM Global, L.P. (ORBCOMM), the first commercial provider of global low-earth-orbit (LEO) satellite data and messaging communications services, today announced an agreement in principle to offer a satellite-based trailer tracking system developed by Vantage Tracking Solutions, a business unit of ORBCOMM.
Vantage has developed trailer tracking systems designed to allow motor carriers to significantly improve the productivity and efficiency of their trailer assets. With this sales arrangement, Qualcomm will market and deliver the Vantage trailer-tracking product, adding to the mobile communication solutions currently offered to the transportation industry by Qualcomm.
"We have dedicated the past 24 months to building the most comprehensive trailer tracking system on the market," said Don Thoma, general manager of Vantage. "We have worked with the most respected carriers in the industry, understood their trailer information needs and built the system they wanted. Qualcomm is the leading supplier of mobile communications services to the trucking industry. This arrangement will enable Vantage and Qualcomm to provide the transportation industry with a competitive satellite-based trailer tracking product."
"We are enthusiastic about this new relationship," said Phil White, president of Qualcomm Wireless Business Solutions. "Qualcomm is committed to offering our customers the most advanced and proficient products for mobile communications. We believe the Vantage system is an important addition to our trailer tracking family of products, enabling Qualcomm to provide a complete variety of premium trailer tracking solutions so that our customers can look to Qualcomm for total communication coverage."
"ORBCOMM is turning the potential of satellite communications into real-world solutions for leading firms in many industries," said Scott L. Webster, chairman and chief executive officer of ORBCOMM. "Qualcomm is a respected leader at the forefront of mobile communications. The partnership between Qualcomm and ORBCOMM combines Qualcomm's industry presence with ORBCOMM's first-to-market LEO satellite technology, to offer an exciting capability to fleet owners seeking to cost-effectively monitor and track their assets."
In a recent announcement, Schneider, North America's largest transportation and logistics company, has announced that it has selected Vantage Tracking Solutions as its trailer tracking product. In 1988, Schneider became the first major transportation provider to install Qualcomm's OmniTRACS satellite communications and tracking systems throughout its fleet, providing real-time shipment status to customers. The companies will explore ways to link these two satellite-based technologies into an advanced, integrated solution.
Vantage is a strategic business unit of ORBCOMM, chartered to design and implement trailer management solutions for motor carriers to improve trailer productivity, decrease the cost of trailer ownership and enhance the value of transportation service to customers. The Vantage trailer tracking solution captures critical trailer data, communicates the data via ORBCOMM's LEO satellite network, and integrates the information into the customer's fleet management systems.
With over 280,000 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; technology licensing; and satellite-based systems including OmniTRACS® and portions of the Globalstar™ system. Headquartered in San Diego, Calif., Qualcomm is a FORTUNE 500® company with fiscal 1998 revenues in excess of U.S. $3 billion. For more information, please visit the Company's web site at http://www.qualcomm.com.
ORBCOMM is a partnership owned by Orbital Sciences Corporation (NYSE: ORB) and Teleglobe Inc. of Canada. Teleglobe is listed on the New York Stock Exchange (NYSE), Toronto Stock Exchange (TSE) and Montreal Exchange (ME) under the TGO symbol. Orbital is a space technology company that designs, manufactures and markets a broad range of space products and satellite-based services. Orbital's experience includes carrying out more than 220 satellite, rocket and space payload missions during the past 15 years. Teleglobe Inc. is recognized as a world leader in global telecommunications. The Teleglobe network links North America with more than 240 countries and territories.
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.