Qualcomm Incorporated (NASDAQ: QCOM) and Sierra Wireless, Inc. (TSE: SW) today announced that they have entered into a worldwide Code Division Multiple Access (CDMA) subscriber equipment license agreement. Under the terms of the agreement, Qualcomm has granted Sierra Wireless a royalty-bearing license to develop, manufacture and sell subscriber equipment for cdmaOne and cdma2000 wireless applications, including cellular, Personal Communications Services (PCS) and wireless local loop, using Qualcomm's proprietary CDMA technology and patents.
"Through this licensing agreement with Sierra Wireless, an established provider of wireless data modems and software products, we can further accelerate the development and deployment of commercial CDMA data products to meet the growing market demand," said Steve Altman, executive vice president and general manager of Qualcomm's Technology Transfer Division.
"Sierra Wireless has chosen CDMA technology from Qualcomm to help us fulfill our global leadership goals in wireless data," said Dr. Norman Toms, chief technical officer at Sierra Wireless. "We look forward to working closely with Qualcomm and our WirelessReady Alliance partners in mobile computing and wireless services to establish new standards of excellence in CDMA data connectivity."
Sierra Wireless is a leading wireless data communications equipment company. The leader in cellular packet data subscriber products, Sierra Wireless delivers a broad range of products including the AirCard® line of PC Cards for portable computers, ruggedized vehicle-mounted modems, OEM modules for embedded applications, telemetry modems, and software tools and utilities. For more information about Sierra Wireless complete line of products, please visit the Company's Web site at http://www.sierrawireless.com or call (604) 231-1100. The Company's common shares are listed on The Toronto Stock Exchange and trade under the symbol "SW."
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.
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 Companies' 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 Companies serve, as well as the other risks detailed from time to time in the SEC reports, including the Qualcomm report on Form 10-K for the year ended September 27, 1998, most recent Qualcomm Form 10-Q and the Sierra Wireless prospectus dated May 6, 1999.