Nov 28, 2001SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO -- November 28, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Hisense Group Co., Ltd., today announced that they have signed a commercial subscriber unit license agreement. Under the terms of the worldwide royalty-bearing license agreement, Qualcomm has granted Hisense Group a license under Qualcomm's CDMA patent portfolio to develop, manufacture and sell cdmaOne™ and third-generation (3G) CDMA2000 1X/1xEV subscriber equipment. Hisense Group will pay Qualcomm ongoing royalties at the same rate, irrespective of the licensed CDMA standard implemented.
"Qualcomm is pleased to include additional Chinese manufacturers such as Hisense Group to our growing list of licensed CDMA equipment providers," said Marv Blecker, senior vice president and general manager of Qualcomm Technology Licensing. "This agreement will allow Hisense Group to participate in the worldwide CDMA market, and offer current and next-generation wireless solutions."
"The capabilities of CDMA technology allow Hisense Group to meet the growing demand for innovative, advanced wireless devices in China and worldwide," said Peng Xianqi, vice president for Hisense Group Co. "We look forward to cooperating with Qualcomm to help bring our CDMA products to market rapidly."
Hisense Group is another manufacturer in China that has committed 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 and the BREW platform is 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.