SAN DIEGO - January 23, 2001 - Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced special pricing for its untethered TrailerTRACS® product. For a limited time, existing customers will be able to purchase the hardware for Qualcomm's untethered solution for $395* and pay only $7.75 a month for base messaging. This special price will enable fleet managers to equip their vehicles with wireless solutions that offer secure, reliable vehicle tracking and improved operating efficiencies.
The untethered TrailerTRACS asset management system allows fleet managers to use real-time messaging and accurate positioning for managing their trailers as efficiently as the rest of their fleet operations. Features include support for automatic drop-and-hook notification, GPS trailer location, and optional cargo and door sensors. The untethered solution provides trailer tracking within cellular coverage and interfaces with customers' existing OmniTRACS® and OmniExpress™ mobile communications systems, enabling easy integration of all fleet services. When the trailer is disconnected, Aeris.net MicroBurst® technology will provide continuous nationwide cellular communication to Qualcomm's untethered trailer tracking customers.
"With the untethered TrailerTRACS system, Qualcomm offers a complete wireless trailer tracking solution to customers and, with the special pricing structure, the untethered product is a competitive, affordable investment for fleets needing solutions today," said Chris Wolfe, senior vice president and general manager, Qualcomm Wireless Business Solutions. "The untethered solution gives fleets added visibility into events that drive trailer inventory and asset utilization."
Qualcomm has more than eight years of trailer tracking experience and an installed base of over 25,000 tethered units on trailers. In addition, Qualcomm has equipped over 1,250 U.S. fleets with its mobile communications systems. Qualcomm's untethered TrailerTRACS solution offers product quality and reliability and the value-added benefit of Qualcomm's Network Management Center that operates 24 hours/seven days a week, allowing the real-time sharing of trailer status events with other authorized Qualcomm customers.
Qualcomm has helped the transportation industry become more efficient since 1988 when the introduction of the OmniTRACS mobile communications system provided transportation companies with an innovative and effective way of managing logistics. Its fleet management solutions continue to set the standard by offering products and services that meet the demands of a constantly changing marketplace. With the introduction of OmniExpress, a Code Division Multiple Access (CDMA)-based digital wireless communications and tracking system, along with trailer tracking and other industry-leading technologies, Qualcomm continues to expand into new mobile markets. With a Network Management Center that processes more than six million transactions each day and over 360,000 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 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, manufacture and sell significant quantities of OmniTRACS products on a timely and profitable basis, 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.