SAN DIEGO -- November 21, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry and Eutelsat, one of Europe's leading satellite providers, today announced a five-year agreement to bring high-value fleet management solutions to the European marketplace. Qualcomm Wireless Business Solutions Europe, a wholly owned subsidiary of Qualcomm and formerly named eQ-COM, will join with Eutalsat to bring the EutelTRACS® mobile communications system to Europe's fleet managers, helping them increase operating efficiencies, enhance customer service and improve productivity. EutelTRACS is the European version of Qualcomm Wireless Business Solutions' mobile communications solution, OmniTRACS®.
Qualcomm's OmniTRACS system is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centers. Messages are sent via satellite through Eutelsat's Network Management Center to dispatch centers throughout Europe. The OmniTRACS system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software. To date, Qualcomm has shipped over 400,000 OmniTRACS system units worldwide.
"We are excited about the opportunity to directly offer the European market our high-value wireless data solutions that have been successful worldwide for more than a decade," said Simon Harris, managing director of Qualcomm Wireless Business Solutions Europe. "By partnering with Eutelsat, who has offered EutelTRACS in Europe for 10 years, Qualcomm has joined with a technology expert that can work with us to bring the most technically superior, customer-oriented mobile communications solutions to Europe."
"Through the EutelTRACS system that we have been running for 10 years, Eutelsat has earned customer satisfaction through quality service and high levels of reliability within a region covering the entire European continent and stretching as far as Kazakhstan in central Asia and into North Africa," said Arduino Patacchini, multimedia director at Eutelsat. "This new agreement with Qualcomm, a world leader in wireless data technology, brings new impetus and expertise to the continued expansion and diversification of satellite-based communications and tracking."
Eutelsat S.A. is one of the world's leading providers of satellite communications solutions for business and private needs. The company provides television and radio broadcasting, Internet access and multimedia entertainment, IP business solutions, corporate network solutions and professional communications applications in Europe, the Middle East, Africa, South-West Asia and North and South America. From its HOT BIRD™ and other orbital positions, Eutelsat broadcasts 996 TV Channels and 550 radio channels to 85 million satellite and cable homes. Eutelsat operates a system of 18 satellites, uses capacity on three additional satellites and has a total of six satellites in construction. Company turnover for 2000 was 686 million euros. Headquartered in Paris; Eutelsat's workforce comprises 380 people from 23 countries.
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 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 the extent and speed to which Qualcomm's EutelTRACS products and services are adopted, 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. EutelTRACS is a registered trademark of Eutelsat. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. All other trademarks are the property of their respective owners.
November 21, 2001November 21, 2001