SEOUL, Korea -- May 21, 2001 -- SnapTrack®, Inc., a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM) and pioneer of Hybrid Wireless Assisted GPS™ location systems, today announced an agreement with Seoul-based NEOLINK Technologies, Inc., an innovative developer of wireless Internet infrastructure based on broadband wireless technology. The agreement will provide Korean carriers with high-performance SnapTrack SnapSmart™-enabled wireless location platforms in support of gpsOne™-enabled position location products and services based on the Qualcomm CDMA Technologies (QCT) Mobile Station Modem (MSM™) series of Code Division Multiple Access (CDMA) integrated circuits and system software. NEOLINK chose the SnapTrack solution because it provides superior performance in terms of implementation flexibility, accuracy, sensitivity and in-building coverage, and can rapidly determine a user's location.
"NEOLINK recognizes the huge market for personal location and navigation services in Korea, and with SnapTrack's SnapSmart location server software, NEOLINK will support high-performance location functionality with any Qualcomm MSM gpsOne-enabled location product by offering them a premium, SnapSmart-based cost-effective location server solution," said Mr. Felix Yie (Kwang Wook Yie), president of NEOLINK. "NEOLINK believes personal location technology will become an essential part of the next generation wireless network, and it will give wireless phone users in Korea access to a broad array of location-based services to make their lives easier and more productive."
Under the terms of the commercial agreement, NEOLINK will integrate SnapTrack's SnapSmart Hybrid Wireless Assisted GPS location server software into its NEOLINK Position Location Service System (NPLSS) carrier-class mobile positioning server. SnapTrack will cooperate with NEOLINK to promote its personal location technology and provide technical support to operators that purchase the system. NEOLINK will market the gpsOne-based location server to wireless carriers in Korea as a platform for value-added location-based services for handsets based on QCT's popular MSM CDMA integrated circuits. Financial terms of the transaction were not disclosed.
"This agreement is a stepping stone in our vision of making SnapTrack technology the foundation for personal location services in Korea and worldwide," said Bret Sewell, senior vice president and general manager of SnapTrack. "We are very pleased to be working with NEOLINK, an innovative developer of wireless infrastructure products in Korea. A wider range of product choice can now be offered to carriers and service providers for meeting their location server needs."
NEOLINK sees a rapidly expanding location-services market in Korea that will include: personal navigation and mobile directory assistance services; sales force and corporate asset tracking and coordination; "friend finder" and child or pet tracking services; location-sensitive billing for alerting customers to special toll-rate area discounts; location-enabled entertainment; and enhanced vehicle fleet management. In addition, NPLSS, which is based on SnapTrack's Hybrid Wireless Assisted GPS technology, will enhance public safety for people placing emergency calls on their cellular phones, and will help emergency officials more rapidly and precisely respond to a crisis or call for help.
QCT's gpsOne position location solution is integrated into the MSM3300™ and MSM5100™ integrated circuits and offers robust data availability under the most challenging conditions -- whether in concrete-and-steel high-rises, convention centers, shopping malls or urban canyons -- within only a few seconds. gpsOne's Location on Demand™ feature also ensures that mobile users maintain control over their location information at all times. Using a hybrid approach that utilizes signals from the GPS satellite constellation and from CDMA cell sites, the gpsOne solution enhances location services availability, accelerates the location determination process and provides industry-leading accuracy for callers, whether during emergency situations or while using GPS-enabled commercial applications. As long as a call can be placed, wireless callers can rely on the gpsOne solution to identify their location wherever and whenever they need it.
NEOLINK Technologies, Inc. is focused on developing wireless infrastructure products for next generation wireless networks. With solid experience in CDMA infrastructure system development and operation, NEOLINK intends to be the leader in the next generation of Internet infrastructure (IP RAN) based on broadband wireless technology. NEOLINK views network elements for location-based services as an essential part of future wireless networks, and is building unique solutions to deliver state- of-the-art positioning technology and its application platforms for the market in Korea and worldwide.
Headquartered in Campbell, California, USA, SnapTrack is a wholly owned subsidiary of Qualcomm Incorporated and 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. The Company's Wireless Assisted GPS products include the SnapSmart™ location server software system, the SnapCore™ multi-mode GPS solution and the SnapWARN™ GPS reference service. SnapTrack has commercial agreements with major wireless chipset vendors that provide most of the wireless modem chipsets to the industry. In addition, many major carriers have chosen to deploy products and services incorporating SnapTrack technology. 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; the Binary Runtime Environment for Wireless™ (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 2001 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.