SAN DIEGO -- November 19, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and TCL Holdings Co. Ltd., a large scale leading Chinese enterprise, today announced that they have signed a commercial subscriber unit license and technology transfer agreement. Under the terms of the worldwide, royalty-bearing license agreement, Qualcomm has granted TCL Holdings a license under Qualcomm's CDMA patent portfolio to develop, manufacture and sell cdmaOne™ and third-generation (3G) CDMA2000 1X/1xEV subscriber equipment. Additionally, TCL Holdings has entered into a multi-million dollar CDMA2000 1X design technology transfer agreement for Qualcomm's development and design of CDMA2000 1X subscriber unit equipment.
"Qualcomm is pleased to welcome TCL Holdings, as they are the first company in China to sign a 3G CDMA2000 1X handset design transfer agreement with Qualcomm. TCL Holdings' strong leadership position and technical expertise will allow them to contribute significantly to the growth of the CDMA market," said Paul Jacobs, group president of Qualcomm Wireless and Internet Group. "We look forward to providing technical assistance to support TCL Holdings' efforts in deploying and rolling out cdmaOne and 3G wireless communications products for the China marketplace."
"TCL Holdings is glad to enter into a commercial subscriber unit license and design technology transfer agreement with Qualcomm, who is recognized as the world leader in CDMA technology products and solutions," said Dr. MingJian Wan, president of TCL Mobile Communications. "As a leading handset manufacturer among Chinese domestic players, TCL is committed to enhancing its CDMA product offerings and looks forward to working with Qualcomm to help promote and drive the worldwide adoption of CDMA. This agreement will allow us to accelerate the development of CDMA subscriber unit equipment and meet the growing demand for innovative, advanced, yet cost-effective wireless devices in China."
TCL Holdings Co., Ltd. (www.tcl.com), is a large scale leading enterprise and recognized as one of the most valuable brand names in China. TCL Holdings is currently engaged mainly in the electronic product business including home appliance, telecommunications, information technology and electrical components. The Company's major strength resides in the areas of dominating sales and distribution channels in China, a rich and innovative product portfolio, cost effective manufacturing and full commitment to R&D. Headquartered in HuiZhou, GuangDong China, TCL Holdings has two publicly traded companies under its brand in addition to many other business units. TCL International Holding Limited is publicly traded on the Hong Kong stock market under the ticker symbol 1070 and TCL Communication Equipment Co., limited is traded on the China ShenZhen Stock market under the ticker symbol 0542.
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 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.