San Diego -- November 9, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it has acquired various assets of Simac Mobile Solutions bv, Triptech International bv, Simac Techniq Ltd, and Simac Technic NV, located in the Netherlands and the United Kingdom. As part of the acquisition, Simac Mobile Solutions' workforce, including engineering, administration and management, will transfer to Qualcomm Netherlands bv.
"As part of the objective to expand our presence in Europe, we did an extensive search of companies offering superior mobile communication solutions," stated George Mansho, vice president and general manager of international business for Qualcomm Wireless Business Solutions. "By combining Simac's well engineered and market-tested product, and extensive industry knowledge, along with Qualcomm's worldwide wireless expertise, we are confident we can bring the right solution, at the right price, to the European transportation industry."
Developer of Logiq™ Mobile Data Terminal (MDT) and Logic Mobile Digital Assistant, Simac Mobile Solutions is the market leader of modular on-board computer systems for companies with field staff. The Logiq family of on-board computers is specially designed for vehicle applications and mobile workers where real-time communication between the field and homebase is required. In addition to the Logiq products, Simac Mobile Solutions developed a suite of fleet management software including TripPlan®, Trip Track® and TripLog®. The variety of software products allow fleets to have real-time routing and scheduling, fleet management and reliable data communications.
With more than 300,000 units sold worldwide, Qualcomm Wireless Business Solutions develops, manufactures and sells a variety of fleet management solutions real-time messaging, communications and position reporting between fleets and their operations centers. Based on Qualcomm's CDMA technology, messages are sent, via satellite or a digital terrestrial network, through a Network Management Center to dispatch centers throughout the country.
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.
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