Sep 11, 2000SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO -- September 11, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Tellus Technology Incorporated, a developer and manufacturer of wireless terminal products and Internet Protocol (IP) networking solutions, today announced that they have entered into a CDMA modem card license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Tellus 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 Tellus Technology 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. "Tellus Technology further supports Qualcomm's vision of providing CDMA-enabled devices with innumerable applications to consumers and businesses worldwide."
"Tellus Technology looks forward to expanding its portfolio of wireless data products and solutions to include CDMA networks worldwide," said Dr. Tim Lu, CEO of Tellus Technology. "This alliance with Qualcomm will allow us to offer high-speed wireless Internet solutions and modems to customers of today's fastest growing cellular and PCS providers beginning next year, and broadband solutions via HDR shortly thereafter."
Based in Fremont, Calif., Tellus Technology is a developer, manufacturer and supplier of wireless data modems and IP networking solutions for CDPD and CDMA. In addition to its WIPClip CDPD Modules, Tellus offers the TPRM OEM CDPD module for PDAs and laptops, AVL, telemetry and remote security monitoring applications and the CBF 2000 terminal adapter for POS and other financial transaction applications.
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.