SAN DIEGO -- November 7, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it has signed a commercial subscriber unit license agreement with Haier Group Co., Ltd. Under the terms of the worldwide, royalty-bearing license agreement, Qualcomm has granted Haier Group a license under Qualcomm's CDMA patent portfolio to develop, manufacture and sell cdmaOne™ and third-generation (3G) CDMA2000 1X/1xEV subscriber equipment. Haier Group will pay Qualcomm ongoing royalties at the same rate, irrespective of the licensed CDMA standard implemented.
"Qualcomm is pleased to be working with Haier Group as they continue to be a strong supporter in the efforts to deploy commercial CDMA products in China," said Marv Blecker, senior vice president and general manager of Qualcomm Technology Licensing. "This agreement demonstrates yet another manufacturer's commitment to Qualcomm's CDMA technology for the development of existing and future wireless services."
Haier Group is one of the first manufacturers in China to commit to support Qualcomm's Binary Runtime Environment for Wireless™ (BREW™) applications platform, which allows rapid development of a wide variety of applications designed specifically for wireless devices in which users will be able to download over carrier networks onto any BREW-enabled handset.
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 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 30, 2001, and most recent Form 10-Q.
Qualcomm, OmniTRACS, OmniExpress and Eudora are registered trademarks of Qualcomm Incorporated. BREW is a trademark of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. cdmaOne is a trademark of the CDMA Development Group. All other trademarks are the property of their respective owners.
November 07, 2001November 07, 2001