SAN DIEGO -- February 8, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced that Green Bay, Wis.-based Schneider National, Inc., has renewed its OmniTRACS® mobile communications contract for another extended term. Schneider has been an OmniTRACS customer for more than 12 years and was the first customer to use Qualcomm's pioneering technology.
"At Schneider National, we place a very high value on our ability to communicate effectively and reliably with our driver associates," stated Paul Mueller, vice president of communications technology at Schneider National. OmniTRACS mobile communications aids us in providing timely and cost effective services to our customers. Our contract renewal with Qualcomm is an extension of the strong partnership that we have had together over the last 12 years."
"To have our first customer choose to remain with us is testament to the long-term satisfaction brought by the reliability and efficiency provided by our products and services," stated Phil White, president of Qualcomm Wireless Business Solutions. "We look forward to continuing this strong relationship with Schneider."
Qualcomm has helped the transportation industry to become more efficient since 1988 when the OmniTRACS mobile communication system provided transportation companies with an innovative and effective way of managing logistics. These fleet management solutions continue to set the standard by offering innovative products and services that meet the demands of a constantly changing marketplace. With the introduction of OmniExpress, a Code Division Multiple Access (CDMA)-based digital wireless system along with trailer tracking and other innovative technologies, Qualcomm continues to expand into various markets including regional and metropolitan-based fleets. With a Network Management Center that processes nearly six million transactions each day and 320,000 mobile communication systems used by businesses in more than 35 countries on four continents, Qualcomm continues to lead the industry in providing wireless data solutions.
Qualcomm's OOmniTRACS 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 Qualcomm's Network Management Center to dispatch centers throughout the 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 business areas include integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; 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.