SAN DIEGO -- June 13, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology and Novatel Wireless, Inc., a leading provider of wireless Internet solutions, today announced that they have entered into a CDMA technology modem card license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Novatel Wireless a worldwide license under Qualcomm's CDMA technology and patents to design and market modem card products for CDMA and High Data Rate (HDR) applications.
"Qualcomm is pleased to license its technology to Novatel Wireless for the development of CDMA and HDR enabled wireless Internet solutions to fulfill the demand for wireless Internet connectivity in the rapidly expanding CDMA marketplace," said Steve Altman, president of Qualcomm Technology Alliances. "Novatel Wireless' proven leadership in developing affordable wireless Internet solutions for mobile and fixed environments further supports Qualcomm's vision of providing CDMA-enabled devices with innumerable applications to consumers and businesses worldwide."
"Novatel Wireless is very pleased to establish a strategic alliance with Qualcomm and begin development of high-speed wireless Internet solutions and modems for CDMA and HDR applications," said Bruce Gray, senior vice president, Novatel Wireless. "This partnership brings us one step closer to realizing our corporate mission of providing our customers with real-time wireless access to their personal, corporate and public information."
Novatel Wireless, Inc. is a leader in wireless Internet solutions, headquartered in San Diego, Calif. The company develops wireless system solutions for mobile and fixed environments enabling wireless access to personal, corporate, and public information through email, the Internet and corporate LANs. Novatel Wireless' product portfolio includes the Minstrel® Family of Wireless Palmtop Modems, Merlin™ Wireless PC Cards, Sage® Wireless Serial Modems, Lancer 3W™ Wireless 3 Watt Modems and Expedite™ Family of Wireless Embedded Modules. Among the emerging technologies that Novatel Wireless will support in 2000 are Metricom's high-speed 128 kbps Ricochet service and the new GSM/GPRS service at 56 kbps. For more information please visit the Novatel Wireless web site: www.novatelwireless.com or call 888-888-9231.
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 which 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 theS&P500 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.