SAN DIEGO -- October 27, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced the commercial release of its new MVPc™ in-vehicle computer and the signing of its first contracts with Alan Ritchey, Inc., and E. Stewart Mitchell, Inc. The MVPc is designed to interface with the Qualcomm OmniTRACS® and OmniExpress™ mobile communications systems to provide improved productivity and lower operating costs for transportation fleets. Features include a simple driver interface with touch screen capability, support for multiple host platforms and a software development kit that allows for customized or third-party applications.
The MVPc uses the Windows CE operating system to run custom or third-party applications, enabling truckload and less-than-truckload (LTL) carriers, private fleets, 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.
Alan Ritchey based in Valley View, Texas will equip its postal transportation, dairy and feed mill fleets with the MVPc. The truckload carrier plans to use the in-vehicle computers to lower overhead costs and increase operational efficiencies.
"We were looking for a tool that would help us improve our back-office accounting functions, as well as provide our fleet with increased delivery control," said Dave Clifton, CIO of Alan Ritchey. "In the long term, we plan to use the MVPc to help us get the most efficient use of our trucks with performance profiles on our entire fleet, as well as helping us to pro-rate our state-by-state fuel tax calculations."
E. Stewart Mitchell, a nationwide asphalt transportation and distribution company based in Baltimore, Md., plans to install the MVPc throughout its private fleet, enabling the carrier to streamline operations and improve customer service.
"The MVPc offers us a way to accurately pinpoint the delivery of asphalt right at our fingertips so that we can reach our customers in record time, no matter if it's a small or large job," said David Mitchell, president of E. Stewart Mitchell. "Ultimately, the MVPc is going to help us increase productivity and save valuable delivery time with our asphalt distribution."
"The MVPc offers our truckload, private fleet and other customers the ability to add customized or third-party applications that work best for their drivers," said George Dunn, vice president and general manager for United States and Canadian operations for Qualcomm Wireless Business Solutions (QWBS). "We are excited because this is a tool that helps customers manage their fleets more efficiently, while it also lowers operating costs and promotes 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 innovative 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 MVPc and OmniExpress are trademarks 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.
October 27, 2000October 27, 2000