SAN DIEGO -- May 16, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and PhotoJet LLC, a San Diego-based developer of wireless imaging technologies, today announced that they have entered into a worldwide CDMA license agreement for wireless digital cameras. Under the terms of the agreement, Qualcomm has granted PhotoJet a multi-million dollar, royalty-bearing license to develop, manufacture and sell wireless cameras for CDMA and High Data Rate (HDR) wireless applications, including cellular, Personal Communications Services (PCS) and wireless local loop, using Qualcomm's proprietary CDMA technology and patents.
"The consumer need for untethered mobile communications combined with the capacity and quality benefits that CDMA technology provides will result in the introduction of many different types of commercial devices designed to communicate wirelessly," said Steve Altman, president of Qualcomm Technology Alliances. "Qualcomm is pleased to enter into this license agreement with PhotoJet for the design, manufacture and sale of CDMA wireless cameras, which we believe represents an exciting market opportunity for the wireless industry. Innovative products, such as PhotoJet's offering, that provide new applications for the capture and transmission of images will help accelerate the convergence of wireless and Internet services."
"PhotoJet has chosen Qualcomm's CDMA technology to support our goal of deploying wireless cameras worldwide and providing wireless image access to consumers and businesses through the Internet," said Richard A. Murray, President and CEO of PhotoJet. "We look forward to working closely with Qualcomm to establish new standards of excellence and leadership in CDMA wireless camera data connectivity."
PhotoJet LLC was founded in 1996 by former Encad co-founders George Kirk Branner and Richard A. Murray. Combining years of imaging and technology expertise with the emerging wireless web, PhotoJet is revolutionizing the way the world takes pictures. By merging digital imaging with wireless technologies and the worldwide web, PhotoJet creates products, technologies and services that are changing photography forever. For more information about PhotoJet, please visit the Company's Web site at (www.photojet.com) or call (858) 695-3006.
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; satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. Qualcomm has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2000 FORTUNE 500® company traded on The Nasdaq Stock Market® 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.