SAN DIEGO -- October 27, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced an agreement with XATA Corporation (Nasdaq: XATA), a supplier of on-board computer systems for transportation companies, that will provide key applications for use on the new Qualcomm MVPc™ in-vehicle computer, including those used for automated driver logs, monitoring of state line crossings and accurate fuel tax calculation.
The MVPc is an in-vehicle computer that uses the Windows CE operating system to run custom or third-party applications, enabling truckload and less-than-truckload (LTL) carriers, third-party logistic providers and fleets that serve metropolitan areas to operate more efficiently and profitably, offer improved customer service and comply with industry regulations. The initial XATA applications to be offered on the MVPc will automatically maintain complete electronic records for driver hours of service, as well as record mileage, state line crossings and fuel data needed for fuel tax reporting purposes. This new solution is currently in field testing and is expected to be commercially available in the first quarter of 2001.
"Combining the flexibility of the MVPc with the power of the XATA applications will allow Qualcomm to continue moving into new transportation market segments," stated George Dunn, vice president and general manager for United States and Canadian operations for Qualcomm Wireless Business Solutions (QWBS). "Our customers will be able to differentiate themselves while lowering operating costs."
"Qualcomm's use of our XATAnet™ web-based software fits our strategy to provide proven applications through leading solution providers and deliver more productivity benefits to their customers," stated Bill Flies, president and CEO of XATA Corporation.
XATA Corporation is a leading provider of on-board technology to the transportation industry. Based in Minneapolis, Minn., XATA develops mobile systems, software and enterprise-wide logistics management solutions that improve fuel economy, on-time delivery, asset utilization and driver productivity.
Qualcomm has helped the transportation industry become more efficient since 1988 when the OmniTRACS system began to provide transportation companies with an innovative and effective way of managing logistics. QWBS' fleet management solutions continue to set the standard by offering new products and services that meet the demands of a constantly changing marketplace. With a Network Management Center that processes more than five million transactions each day and over 350,000 Qualcomm mobile systems shipped to businesses in more than 37 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 Code Division Multiple Access (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 90 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 and MVPc are trademarks of Qualcomm Incorporated. XATA and XATAnet are trademarks of XATA Corporation. 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.
October 27, 2000October 27, 2000