SAN DIEGO -- May 23, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it has entered into a CDMA modem card license agreement with Teleion Wireless, Inc. Under the terms of the royalty-bearing agreement, Qualcomm has granted Teleion Wireless a worldwide license under Qualcomm's CDMA technology and patents to design and market innovative solutions for cdmaOne™ and CDMA2000 1x/1xEV applications. Teleion Wireless will pay Qualcomm ongoing royalties at the same rates for second and third-generation equipment, irrespective of the licensed CDMA standard implemented.
"We are pleased to license Teleion Wireless to manufacture and sell CDMA modem card products," said Marvin Blecker, senior vice president of technology transfer for Qualcomm. "Teleion Wireless will now be able to develop CDMA-based modem products that will provide its customers with wireless connectivity for mobile computing, while expanding its product offerings and fueling the continued growth of CDMA wireless technologies."
"CDMA offers inherent advantages to the wireless communication industry and meets our customers' needs for superior data communications," said Paul C. Chou, chairman and CEO of Teleion Wireless. "Teleion Wireless' data modules are positioned to lead the evolution of mobile devices such as handsets, PDAs, laptops, web pads, and other wireless appliances beyond their current primary roles as voice and fixed access tools, to their emerging roles as high-speed data links and mobile commerce tools on the wireless Internet. Qualcomm's CDMA license allows Teleion Wireless to build out an impressive technology portfolio for product and application services based on our company's wireless data communication platform."
Teleion Wireless, Inc. (www.teleionwireless.com) is a global participant in the wireless data communication industry. The Company's vision is to enable wireless application access anywhere, anytime, using any protocol to empower individuals and companies worldwide.
The Company is headquartered in Wake Forest, North Carolina, and has offices in Cranford, New Jersey, and Beijing, China. Teleion Wireless is developing a wireless mobile data communications platform providing data modules along with application services based on the evolving IMT-2000 standards. Through the development and integration of hardware, software and services, the Company's platform integrates application solutions for seamless access to multi-media applications, location-based services, multi-connectivity and messaging capabilities for Internet and Intranet-based applications.
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.
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