SAN DIEGO -- February 16, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), leader in providing wireless data solutions, today announced that St. Paul, Minn.-based Dart Transit Company has selected Qualcomm's OmniTRACS® satellite-based mobile information management system for its fleet. Under the terms of the agreement, Dart Transit will purchase 1,000 OmniTRACS units.
"Our company relies heavily on mobile communications," stated David Oren, executive vice president for Dart Transit Company. "After testing and using satellite and land-based communications systems, we chose Qualcomm's OmniTRACS because of its long record of industry stability and product reliability. Qualcomm's success in the mobile communications industry has proven that it is the premier solution in fleet management."
"As competition in this industry increases, companies such as Dart Transit must have the ability to provide quality, flexible service to its customers," stated George Dunn, vice president of domestic sales for Qualcomm Wireless Business Solutions. "In turn, mobile communications providers must have the ability to meet heavy demands and provide reliable products and services. With 12 years' experience in offering fleet management solutions to the transportation industry, we welcome Dart Transit to our list of customers and look forward to providing them with the quality of service they demand."
Qualcomm has helped the transportation industry become more efficient since 1988 when the OmniTRACS mobile communication system began to provide 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 PCS communication and tracking system along with a cellular untethered trailer tracking product and other innovative technologies, Qualcomm continues to expand into new markets including regional and metropolitan-based fleets. With a Network Management Center that processes nearly five 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 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.