SAN DIEGO -- February 18, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced an agreement with United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, to deploy QualcommOmniTRACS® andOmniExpress® mobile communications system units on its fleet of up to 10,000 delivery, service, sales and highway technology vehicles.
Qualcomm's OmniTRACS and OmniExpress wireless fleet management solutions enable United Rentals to provide superior customer service and to more efficiently dispatch and route these types of vehicles. Additionally, both systems interface seamlessly with United Rentals' RentalMan® software, from Wynne Systems, providing streamlined data integration to United's rental and services operations. With the two systems linked, United Rentals will increase productivity, efficiency and safety of its branch operations by eliminating manual paperwork and adding controls.
"This agreement is part of our growing relationship with United Rentals, which started with their commitment to participate in our consortium to develop solutions for heavy equipment monitoring," said Tim Lewis, senior director for heavy equipment operations for Qualcomm Wireless Business Solutions. "United Rentals leads the equipment rental industry in innovation and customer service, and our proven fleet management solutions will support their ongoing efforts to automate manual processes and maximize operational efficiencies throughout the organization."
"We have selected Qualcomm because of their long-standing track record for product quality and reliability," said John Milne, president of United Rentals. "This initiative is yet another step in our commitment to provide the best possible service to our customers, while contributing to profitable growth across all our operations."
United Rentals, Inc. is the largest equipment rental company in North America, with an integrated network of more than 740 locations in 47 states, seven Canadian provinces, and Mexico. The Company serves over 1.4 million customers including construction and industrial companies, manufacturers, municipalities, homeowners and others. The Company offers for rent over 600 different types of equipment with a total original cost of approximately $3.5 billion. Additional information about United Rentals is available at the Company's web site atwww.unitedrentals.com.
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 OmniExpress, a Code Division Multiple Access (CDMA)-based digital wireless communications and tracking system, Qualcomm continues to expand into new mobile markets. And, 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; QChat™ push-to-talk technology; Eudora® e-mail software; digital cinema systems; satellite-based systems including portions of the Globalstar™ system and the 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 and OmniExpress products are 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.