SAN DIEGO -- September 20, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM), a leader in mobile communications for the transportation industry, today announced that Indianapolis-based Celadon Group, Inc. (Nasdaq: CLDN), has extended its OmniTRACS® mobile information management services contract by three years bringing the company to a five-year contract. With 2,300 line haul tractors fully equipped with the OmniTRACS system, Celadon has also purchased an additional 400 OmniTRACS units to assist with the expansion of its mobile communications services to both Canada and Mexico.
Celadon, recently awarded a contract from Volkswagen de Mexico that is expected to average $5 million annually over the next two years, has also recently announced the acquisition of Zipp Express, which operates a fleet of approximately 280 tractors between the United States and Mexico.
"Qualcomm, through its OmniTRACS mobile information management system, gives us the ability to provide exceptionally high service levels to the NAFTA market, which is critically important to our automotive customers," said Stephen Russell, chairman and chief executive officer of Celadon. "The international market will continue to provide significant growth opportunities to Celadon due to its unique competitive advantage of having ubiquitous asset visibility from the OmniTRACS services."
"Celadon's aggressive activity within Canada and Mexico allows Qualcomm to continue its key objectives of further expanding into the international markets," stated Chris Wolfe, vice president and general manager of domestic business, Qualcomm Wireless Business Solutions™. "We look forward to continuing our work with Celadon to jointly bring our domestic success across international borders."
With nearly 300,000 OmniTRACS units sold worldwide, Qualcomm Wireless Business Solutions is a global leader of integrated wireless data solutions. Qualcomm's Network Management system is one of the world's largest data networks, processing over 5 million data transactions a day. Qualcomm currently has systems operating in the United States, Canada, Mexico, Europe, Russia, the Middle East, Argentina, Brazil, Japan, Korea and Malaysia.
Qualcomm's OmniTRACS system is a satellite-based mobile communications and tracking service that provides real-time messaging and position reporting between fleets and their operations centers. Messages are sent, via satellite, through Qualcomm's Network Management Center to dispatch centers throughout the continental United States. The OmniTRACS system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software. The OmniTRACS system operates 24 hours a day, seven days a week.
Qualcomm Incorporated (www.qualcomm.com) 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 included in theS&PIndex and is a 1999 FORTUNE 500® company traded on the Nasdaq under the ticker symbol QCOM.
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, Wireless Business Solutions is a trademark and OmniTRACS is a service mark of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. All other trademarks are properties of their respective owners.
September 20, 1999September 20, 1999