SAN DIEGO - June 19, 2001 - Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced it has formed a wireless heavy equipment consortium. Joining Qualcomm Wireless Business Solutions'(QWBS) consortium are global construction equipment leaders, Komatsu America International Company, a wholly owned subsidiary of Tokyo-based Komatsu Ltd., and United Rentals (NYSE:URI), the world's largest equipment rental company.
Qualcomm's solutions enable heavy equipment manufacturers like Komatsu to further improve customer service and support programs while strengthening their global data networks. For multi-OEM equipment fleet owners like United Rentals, Qualcomm's solutions will help optimize asset utilization and reduce owning, operating, maintenance, theft and insurance costs. In addition, OEM equipment fleet owners will see improved customer service and new revenue sources, as well as tightly integrated fleet service vehicles.
Qualcomm established its wireless heavy equipment consortium to include industry-leading manufacturers and fleets, and to create standardized mobile communications solutions for the heavy equipment industry. Qualcomm's consortium will include the development of satellite, terrestrial and multi-mode wireless communications solutions based on a common, modular, ruggedized hardware platform. These wireless solutions connect to Qualcomm's wireless data network management center, the largest and most reliable in the industry. Equipment manufacturers and heavy equipment fleets are invited to join in the Qualcomm consortium to provide input on standardized mobile communications solutions for the industry.
"We are delighted that two of the world's leading heavy equipment companies, Komatsu America and United Rentals have joined Qualcomm's consortium," said Chris Wolfe, president of Qualcomm Wireless Business Solutions. "Customers will collectively benefit from the creation of industry standard products and services and our ability to provide extremely rugged hardware and best-in-class network services worldwide."
"With daily technological advancements and the fast pace at which the industry is moving, joining a wireless technology consortium represents the best interest of our customers," said Steve Day, vice president for Komatsu America Sales and Service. "We realize that mobile communications capabilities will play a significant role in the success of our customers in the future, and see value in being able to provide them with a single communication platform for their entire fleet. Joining this consortium in association with other OEMs affords us the best means to realize this goal and creates an avenue to continually provide unsurpassed communication solutions."
The consortium is currently open for enrollment at the Founders Circle, Member and Advisory Council member levels. Komatsu America is the first to join at the Founders Circle level and United Rentals is the first to join as an Advisory Council member.
"We rent the industry's largest and most diverse fleet, with equipment from most of the major manufacturers," said Fred Bratman, vice president of corporate communications for United Rentals. "It is critical for our business that we be able to effectively manage the fleet through standardized communications regardless of the manufacturer. As part of Qualcomm's consortium, we can help develop the industry standard that will bring significant benefits to the industry and most importantly to our customers."
Qualcomm is currently in discussions with a number of other leading construction equipment manufacturers and end-user fleets regarding participation in Qualcomm's wireless heavy equipment consortium.
Komatsu America International Company, Inc. (KAIC, www.komatsuamerica.com) and its affiliates Komatsu Mining Systems, Inc. (KMS) and Komatsu Utility Corporation, Inc. (KUC), are all subsidiaries of Komatsu Ltd., the second largest supplier of construction and mining equipment worldwide. KAIC, KMS and KUC manufacture and market the Komatsu, Dressta, and Galion lines of construction, mining, and utility products including hydraulic excavators, wheel loaders, crawler dozers, off-highway trucks, motor graders, and backhoe loaders. KAIC, KMS, and KUC are supported by Komatsu parts and service through a nationwide distribution network and can be financed through Komatsu Financial.
United Rentals, Inc. is the largest equipment rental company in North America, with an integrated network of more than 750 locations in 47 states, seven Canadian provinces, and Mexico. The Company serves over 1.2 million customers including construction and industrial companies, manufacturers, municipalities, homeowners and others. The Company offers for rent over 600 different types of equipment with a total original cost of approximately $3.5 billion. Additional information about United Rentals is available at the Company's web site at www.unitedrentals.com.
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 380,000 Qualcomm mobile systems shipped to businesses in more than 32 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; 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.