SAN DIEGO -- January 16, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and IFR Systems, Inc. (Nasdaq/NMS: IFRS) today announced that they have entered into an amendment to IFR's existing CDMA test equipment license agreement with Qualcomm. Prior to the amendment, IFR's CDMA license covered only cdmaOne™ applications. With the amendment, IFR's CDMA license agreement has now been expanded to grant IFR a royalty- bearing license under Qualcomm's essential CDMA patent portfolio to develop, manufacture and sell test equipment for third-generation (3G) CDMA (WCDMA, cdma2000, TD-SCDMA) and cdma2000 1xEV applications. Under the terms of the amendment, IFR will pay Qualcomm ongoing royalties for 3G at rates no less than those for cdmaOne test equipment.
"Qualcomm is pleased to extend IFR's license," said Steve Altman, president of Qualcomm Technology Alliances. "By helping companies accelerate the rollout of third-generation wireless products and services worldwide, we expect IFR to contribute to the growth of 3G CDMA test solutions for the wireless industry."
"The development of new test solutions for the next generation of high-capacity, high-bandwidth wireless communication devices and infrastructure represents a major growth opportunity for IFR. The increasing complexity of 3G systems has created a corresponding demand on the test equipment industry for higher performance and greatly expanded functionality to handle the explosion of enhanced features and functions now being developed," said Jeffrey Bloomer, chief executive officer of IFR. "IFR is well positioned to address this opportunity, with our many years of wireless technology experience and established position as a test equipment vendor to Qualcomm and other leading wireless companies. This expanded license agreement is an important step forward in our strategy to become a significant player in this emerging market."
IFR is a leading designer and manufacturer of advanced wireless test solutions for communications, avionics, and general test and measurement applications. For more information about IFR, in the United States, contact: IFR, 10200 West York Street, Wichita, Kan., 67215-8999. Contact us via e-mail at email@example.com, on the Web at www.ifrsys.com, or by telephone at (800) 835-2352 or (316) 522-4981.
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 CDMA integrated circuits and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; digital cinema systems; and satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents that 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 24, 2000, and most recent Form 10-Q.