Oct 29, 2001SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO / BRENTWOOD, Tenn. -- October 29, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, and Comdata Corporation, the leading provider of transaction and information services for the trucking industry, today announced the signing of a new major customer for Qualcomm's CabCARD® personal communications service, powered by Comdata. One of the nation's leading long-haul truckload carriers, CRST Van Expedited, Inc., signed a long-term agreement to use the CabCARD personal communications services.
Introduced in 1996, CabCARD personal communications allows drivers to send and receive Internet e-mail directly from their cab using the OmniTRACS®, TruckMAIL™, or OmniExpress® mobile communications systems. CabCARD is the only driver e-mail service in the transportation industry that utilizes Qualcomm's Mobile Data Interchange (intelligent message routing) capabilities, eliminating the need for fleet involvement with integration, billing and reconciliation issues. CabCARD personal communications provides fleets with a simple, yet powerful, driver retention tool that enables their drivers to stay in touch with friends and family.
"This partnership will be a much welcomed one for CRST Van Expedited. The Comdata/Qualcomm CabCARD alliance will mean more convenience for CRST because our drivers are already very comfortable with the Comdata card and its many services," said Dave Rusch, president of CRST Van Expedited. "Driver satisfaction is crucial in today's economy, and we believe CabCARD will be an important component in our ongoing driver retention efforts."
"Comdata is extremely pleased to welcome CRST to the new CabCARD platform," said Scott Phillips, vice president of sales for Comdata Transportation Services. "We look forward to providing even more value-added services for fleets as we continue to build upon the value of CabCARD with Qualcomm."
"This agreement emphasizes the commitment by a prominent industry leader to provide CabCARD personal communications services to their drivers. This further underscores the value that CabCARD brings both to fleet managers and drivers," stated Glynn Spangenberg, vice president of truckload operations for Qualcomm Wireless Business Solutions. "Qualcomm looks forward to working together with Comdata to enhance the already market-proven features and capabilities that CabCARD delivers today."
Funds for e-mail messaging and long-distance telecommunications services are deducted from the rechargeable CabCARD, now managed through the Comdata financial network, or from a driver's Comdata Express Cash account. With access to 10,000 network locations and 500,000 Cirrus® and Maestro® merchant accepting locations in North America, Comdata is considered the industry standard for cash access and information services in the transportation industry.
CRST Van Expedited (www.crstvanex.com) is a division of CRST International, and is one of the largest team-expedited carriers in the United States. CRST International, Inc., was founded in 1955 and specializes in complete freight transportation services, including Van-Expedited Team Truckload, Van-Regional Truckload, Flatbed-National and Regional, Dedicated Fleet and Logistics. The company ranks as one of the top 10 largest carriers in the United States.
Comdata Corporation (www.comdata.com) is redefining the movement of money and information through technology for businesses, their customers and employees. A leading provider of transaction and information services, Comdata provides credit and debit processing and reporting for commercial fleets and merchants, SVS electronic cash, gift and chip card programs for retailers and governmental agencies, eCash payroll services for food, retail and other service industries, and point-of-sale equipment for travel plazas and convenience stores. Headquartered in Brentwood, Tenn., Comdata employs nearly 2,000 people throughout the United States and Canada. Comdata is a wholly-owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE: CEN).
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 other industry-leading technologies, Qualcomm continues to expand into new mobile markets. With a Network Management Center that processes more than seven million transactions each day and over 400,000 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 chipsets 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 without limitation, express and/or implied statements regarding revenue to be derived from the CabCARD Service) the ability to successfully develop and market the new features and capabilities for the CabCARD system, change in economic conditions of the various markets Qualcomm serves, as well as the other risks detailed from time to time in Qualcomm's SEC reports, including the report on Form 10-K for the year ended September 24, 2000, and most recent Form 10-Q.