WAALRE -- February 5, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced that Vos Logistics, a leading European truckload carrier based in the Netherlands, has signed a three-year agreement to transfer from its existing supplier to Qualcomm Wireless Business Solutions Europe, b.v., a wholly owned subsidiary of Qualcomm. Under the terms of the agreement, QWBS Europe will provide robust, reliable satellite communications services to Vos Logistics' nearly 2000 truckload fleet over the EutelTRACS™ network. EutelTRACS is the service name in Europe for Qualcomm's OmniTRACS® satellite-based mobile communications system, which uses Eutelsat S.A. satellite and network services. The combination of EutelTRACS' satellite communication service and Vos Logistics' LOVOS information system, enables Vos to offer their customers real-time track and trace capability. The Lovos system also uses the data transmitted over EutelTRACS to perform freight allocation, route optimisation, fleet management and exception reporting. Data provided by EutelTRACS is also used to populate Vos Logistics' LOTREX and ETIS Inventory and Warehouse Management systems. This backbone of data extrapolation gives Vos' customers absolute visibility of consignments via the Internet or EDI.
"Vos Logistics devotes considerable attention to leading-edge information and communication technologies in order to deploy our expanding vehicle fleet effectively, take full advantage of economies of scale when they occur and promote chain integration," stated Mr. W.H.G. Vos, managing director for Vos Logistics. "Our fleet was already equipped with EutelTRACS units, we chose Qualcomm as the mobile communications provider on the Eutelsat satellite network because of its outstanding and dependable service at attractive prices. Furthermore, Qualcomm has the ability to provide continuous quality wireless communications products. Together, we can develop new and innovative products that are designed to fit our future needs."
Vos Logistics specializes in dry bulk, packed goods, as well as liquid bulk transport, full and less-than-full truckload and intermodal solutions. Vos Logistics has over 3,000 trucks, 6,000 trailers and containers, 350,000 square metres of warehousing space, 325 storage silos, two rail service centres and six tank cleaning stations. Vos' 4,000 employees work at 30 offices throughout Europe. Annual turnover is in excess of EURO 500 million.
"Vos Logistics selected the EutelTRACS solution for its truckload fleet because of our commitment to provide long-term, high-value solutions for all of our customers," stated Simon Harris, managing director for Qualcomm Wireless Business Solutions Europe. "As the global leader in mobile communications systems, we strive to offer the best possible solutions with continued innovative developments that help our customers increase productivity and improve operational efficiencies throughout their fleets."
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. 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 centres. Messages are sent via satellite through Eutelsat's Network Management Centre to dispatch centres throughout Europe. The EutelTRACS 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 mobile communications system units worldwide.
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; QChat push-to-talk technology; 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, the extent and speed to which the Company's OmniTRACS products are adopted and 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.