SAN DIEGO -- August 10, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that they have entered into a worldwide CDMA subscriber unit license agreement with Deltacom Co., LTD (Deltacom). Under the terms of the agreement, Deltacom was granted a multi-million dollar, royalty-bearing license under Qualcomm's CDMA technology and patents to develop, manufacture and sell subscriber products for CDMA and High Data Rate (HDR), or 1x EV, wireless applications.
"This license agreement will allow Deltacom to develop innovative mobile products supporting the growing worldwide CDMA market," said Steve Altman, president of Qualcomm Technology Alliances. "We are pleased to include Deltacom on our licensee list to help expand their wireless product offerings to include CDMA."
"This agreement demonstrates Deltacom's commitment to develop and enhance its products for wireless communications and mobile computing," said G.C. Hahn, president of Deltacom. "By integrating CDMA into our products, we believe that we will succeed in meeting the growing demand for wireless mobile access."
Headquartered in Korea, Deltacom Co., LTD was established in May 1997. Deltacom manufactures and exports telecommunications equipment to the United States, Europe and Asia. Deltacom is developing CDMA phones and plans to sell and export products in late 2000. The Company has established a new plant to manufacture products and equipment in preparation for IMT-2000 services.
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 80 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 the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, 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.
Qualcomm, OmniTRACS and Eudora are registered trademarks and OmniExpress is a trademark of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. Windows is a registered trademark of Microsoft Corp. Macintosh is a registered trademark of Apple Computer Inc. All other trademarks are the property of their respective owners.
August 10, 2000August 10, 2000