Apr 13, 2001SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced it has signed non-binding memoranda of understanding (MOUs) with Korean wireless service provider LG Telecom Ltd., and four device manufacturers. These companies, as well as 18 more software developers, join a growing list of firms expressing their interest in Qualcomm's Binary Runtime Environment for Wireless™ (BREW™) applications platform, as Qualcomm's inaugural BREW 2001: Developer and 3G Technology Conference approaches, set for May 8-10, 2001.
The BREW platform allows rapid development of a wide variety of applications designed specifically for wireless devices that users will be able to download over carrier networks onto any BREW-enabled phone. Individuals interested in attending BREW 2001 can register at www.brew2001.com while space is available.
"The BREW platform allows carriers to quickly and easily identify new services, expand existing services and offer exclusive BREW applications," said Peggy Johnson, senior vice president of Qualcomm and general manager of Qualcomm Internet Services. "We are very happy to work with LG Telecom on the goal of providing exceptional data application services to consumers."
Qualcomm has signed non-binding MOUs with device manufacturers: Hyundai, LG Electronics Inc., Cyberlane Inc., and eAnywhere Tech Inc. The BREW platform benefits manufacturers by shortening their time to market and allowing them to differentiate their products easily with custom applications.
Adding to an already impressive group of applications developers (see related announcements on Jan. 31 and March 20, 2001), Qualcomm has signed non-binding MOUs with:
Qualcomm is licensing the BREW platform to handset manufacturers and applications developers free of charge and will provide developers with a Windows®-based Software Development Kit (SDK) that includes a handset emulator and several other development tools. Developers attending the "BREW 2001: Developer and 3G Technology Conference," May 8-10, 2001, will be the first to receive the commercial release of the BREW software development kit (SDK).
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; the BREW applications platform; Eudora® e-mail software; 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 100 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 extent to which any ofthe MOUs may result in binding definitive agreements or actual development of products, 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 and the BREW platform is adopted, 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.