SAN JOSE, Calif. and BOULDER, Colo. -- February 1, 2001 -- SnapTrack, Inc., pioneer of Wireless Assisted GPS™ location systems and a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), and SignalSoft Corp. (Nasdaq: SGSF), a leading software developer of Wireless Location Services®, today announced an agreement to jointly market and deliver location-based applications and systems to wireless carriers and service providers. The companies will work together to ensure that their products are interoperable and will support each other's efforts to market the combined solution to wireless carriers and service providers worldwide.
The SignalSoft suite of Wireless Location Services provides carriers with software operating platforms and applications that organize and manage raw location data to create services in the four key categories of safety, billing, information and tracking. SnapTrack's Wireless Assisted GPS location system provides highly accurate location determination. The combination of SignalSoft's Wireless Location Service products and Mobile Positioning Center (MPC), and SnapTrack's location server engine, provide an integrated "best of breed," end-to-end solution for wireless services providers.
"We've been working with SignalSoft for several years to demonstrate the viability of wireless location technology and applications to the carrier community, and we're very pleased to formalize our relationship with them," said Steve Poizner, president of SnapTrack. "We believe that the combined SnapTrack/SignalSoft solution will provide a high-quality mobile location solution to wireless operators worldwide and will encourage a new generation of location-enabled applications based on accurate, high-availability position location data."
"SignalSoft is pleased to be working with SnapTrack to ensure interoperability between our respective products and to help grow the wireless location market," said David Hose, president and chief executive officer, SignalSoft Corp. "Location-based services are becoming a key component of the enhanced services portfolio offered or planned by most wireless operators, and our joint effort will help strengthen this fast-paced industry and at the same time help set the stage for promoting standards for wireless location services."
The agreement demonstrates SignalSoft's commitment to providing Wireless Location Services to its customers, and leverages SnapTrack's experience and resources, including those of its parent company, Qualcomm, in the wireless location field. Financial terms of the transaction were not disclosed.
SnapTrack's solutions are based upon its Wireless Assisted GPS technology and improve upon conventional GPS by combining information from GPS satellites and wireless networks to accurately and reliably pinpoint a wireless phone. While traditional GPS receivers may take several minutes to provide a location fix, SnapTrack's solutions generally locate callers within a few seconds. With SnapTrack's Location Indoors™ capability, callers are typically located with industry-leading accuracy in a wide range of challenging call environments where other GPS-based wireless location systems fail to perform, including inside houses and moving vehicles, under heavy foliage, and in downtown urban canyons. SnapTrack's unique Location on Demand™ feature also ensures a caller's privacy.
Founded in 1995, SignalSoft Corp. is the software developer of Wireless Location Services, a product suite that enables location-based wireless services for information, billing, safety and tracking. SignalSoft's operating platform and related applications transform raw location data into revenue sources that help differentiate wireless carriers and build customer loyalty. SignalSoft's technology also helps drive m-commerce (mobile commerce) in the wireless marketplace. Some of the largest U.S. operators, including AT&T Wireless, Cingular, Sprint PCS and other wireless operators in Europe and Asia-Pacific, are SignalSoft customers. SignalSoft has also established industry partnerships worldwide with a broad range of location technology, content, Internet and network equipment companies through its local.info™ Alliance program. SignalSoft is based in Boulder, CO, and has offices in the United Kingdom, Canada and Singapore. For more information about SignalSoft and its products, please call 303-381-3000, or visit the company's Web site at www.signalsoftcorp.com.
Headquartered in San Jose, Calif., SnapTrack is focused on integrating GPS and two-way wireless technologies. SnapTrack's patented architecture offers anytime, anywhere, accurate, high-speed location of a wireless caller, even inside buildings where conventional GPS does not operate. SnapTrack pioneered Wireless Assisted GPS, and owns patents that are fundamental to the cost-effective deployment of Wireless Assisted GPS-based location systems. SnapTrack has commercial agreements with major wireless systems providers and carriers worldwide, with solutions available across multiple air interfaces. For more information, please visit http://www.snaptrack.com.
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® e-mail 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 95 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, the extent and speed to which the company's position location solutions are adopted and deployed, 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.