SAN DIEGO -- October 11, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced Chinese government approval of its contract with Guangdong South Satellite Telecommunications Service Co., Ltd. (SST), a subsidiary of Guangdong Nanfang Communications Group, to provide satellite data services in China. SST will offer Qualcomm's OmniTRACS® mobile information management system to China's transportation industry.
"Broad support for the Chinese market is a key goal for Qualcomm and essential for a global communications company," said Dr. Irwin M. Jacobs, chairman and CEO of Qualcomm Incorporated. "The extension of our OmniTRACS system into China is an important milestone as we continue to expand our core technologies, products and services worldwide."
"Qualcomm is very honored to receive approval from the Chinese government which allows us to bring our OmniTRACS system to China," George Mansho, vice president and general manager of international business for Qualcomm Wireless Business Solutions."We look forward to working with SST, a well respected and prominent Chinese company, to help them continue to improve their revenues and increase their overall productivity."
"We are very pleased to be working with Qualcomm, offering one of the leading communications technologies," stated Gu Cai Ming, general manager of SST. "Qualcomm's expertise in the field of wireless communications will be a great asset to the Chinese marketplace."
Headquartered in Guangzhou China, SST is a subsidiary of Guangdong Nanfang Communications Group Corporation and is under the jurisdiction of the Guangdong Post and Telecommunication Administration (GPTA). SST specializes in VSAT telecommunication services that support a wide range of applications in voice, data, facsimile and video transmission, as well as various network interfaces and protocols. The company operates a public satellite network and provides integrated VSAT services to both domestic and international customers. Nanfang has joint ventures with Ericsson for GSM infrastructure equipment, Nokia for GSM subscriber products and Siemens for fiber optic networks.
With over 300,000 units sold worldwide, the OmniTRACS system is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centers. Messages are sent, via satellite, through a Network Management Center to dispatch centers throughout the country. 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.
With more than a decade of expertise in providing fleet management products and services to the transportation industry, Qualcomm currently has systems operating in the United States, Canada, Mexico, Europe, Russia, the Middle East, Argentina, Brazil, Japan, Korea and Malaysia. With more than 5 million data transactions a day, Qualcomm's Network Management Center is the worldwide leader in processing satellite-based messages.
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&P500 Index 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 26, 1999, and most recent Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. OmniTRACS is a registered trademark and service mark of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. All other marks are the property of their respective owners.
October 11, 1999October 11, 1999