SAN DIEGO -- December 21, 2001 -- Qualcomm Inorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced that Lowell, Ark.-based JB Hunt Transport (Nasdaq: JBHT), the nation's largest publicly held truckload carrier, has selected the OmniExpress® mobile communications system for its intermodal fleet.
Under the terms of the agreement, JB Hunt will begin immediately deploying OmniExpress system units in its intermodal fleet. With this agreement, JB Hunt expands its 10-year mobile communications relationship with Qualcomm to equip its smaller local fleet of vehicles.
Qualcomm's OmniExpress system is a Code Division Multiple Access (CDMA)-based digital wireless fleet management system that provides near real-time, two-way communications and vehicle position reporting for improved mobile worker productivity and operations administration. Features include two-way data communications, store-and-forward messaging, automatic vehicle tracking using integrated Global Positioning System (GPS), as well as data integration capabilities with routing and scheduling systems, and business-specific office applications.
"JB Hunt recognizes the level of performance and productivity gains that Qualcomm's OmniExpress system offers its intermodal operation, and it is that level of assurance that contributed to JB Hunt's decision to once again expand its commitment and investment in Qualcomm technologies," said Glynn Spangenberg, vice president of business operations for Qualcomm Wireless Business Solutions. "For Qualcomm, this is about delivering a mobile communications solution to JB Hunt's intermodal operation, and in turn, leveraging existing data integration in JB Hunt's technology infrastructure."
Qualcomm has been JB Hunt's preferred mobile communications provider for over 10 years with the satellite-based OmniTRACS® mobile communications system. This relationship has enabled JB Hunt to provide customers with enhanced products and services, while implementing increased operating efficiencies and productivity throughout its truckload fleet. Now, the truckload carrier plans to take that same level of efficiency to its intermodal fleet.
"When we decided to implement mobile communications in our intermodal fleet, we turned to Qualcomm's OmniExpress system as the best and most cost-effective solution," said Nathan Smith, vice president of operations for JB Hunt Transport's Intermodal Division. "Qualcomm's mobile communications solutions enable us to leverage the information technology and systems that we've already invested in and have proven out over time."
J.B. Hunt Transport Services, Inc., is one of the largest transportation logistics companies in North America with annual revenues of more than $2 billion. The company operates more than 11,000 trucks and approximately 40,000 trailers and containers. J.B. Hunt creates supply chain value through a variety of engineered, optimal solutions that include truckload and intermodal transportation services, dedicated fleet management, electronic commerce and logistics management. The company's stock is traded on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average.
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 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 OmniExpress system is deployed and changes 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.