SAN DIEGO -- March 4, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced agreements with 11 of the nation's top truckload carriers to use the OmniTRACS® mobile communications system, signaling a continued commitment by Qualcomm to provide the highest value, secure wireless fleet management solutions. Since the beginning of fiscal year 2002, Qualcomm has signed truckload customers Van Wyck, Florida Express, WH Transportation, Dart Trucking, Interstate Carriers, and Zenith Freight. In addition, Qualcomm has renewed existing OmniTRACS contracts with Swift Transportation [SWFT], System TWT, Manfredi Motor Transit, Oliver Trucking and Millis Transfer.
"Fleets are confident that Qualcomm's mobile communications solutions will help them to provide safe transportation on the nation's highways, while finding increased productivity gains and operating efficiencies," said Glynn Spangenberg, vice president of truckload business operations for Qualcomm Wireless Business Solutions. "Our customers demonstrate the value of our fleet management systems through their contractual commitments to Qualcomm, and Qualcomm reciprocates this commitment through our customer-focused innovative solutions that enable our customers to derive the maximum benefits from their mobile communications dollar."
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 Qualcomm's Network Management Center to dispatch centers throughout the United States. The OmniTRACS system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software.
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. Today, Qualcomm's fleet management solutions continue to set the standard by offering products and services that meet and exceed the demands of a constantly changing marketplace. Now, with OmniExpress®, a Code Division Multiple Access (CDMA)-based digital wireless communications and tracking system, along with other industry-leading technologies, Qualcomm continues to expand into new mobile markets. Qualcomm is the industry's global leader in providing high-value wireless data solutions 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 33 countries on four continents.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's Code Division Multiple Access (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.