Apr 22, 2002SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO and SHENZHEN, China -- April 22, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology and ZTE Corporation, a leading manufacturer of telecommunications equipment in China, today announced they have signed a CDMA2000 1xEV-DO design transfer agreement. Under the terms of the agreement, Qualcomm will transfer certain CDMA2000 1xEV-DO infrastructure designs and ZTE will have the rights to utilize the transferred CDMA2000 1xEV-DO technology in base stations of its soon-to-be-launched high-speed wireless Internet system. ZTE becomes the first company in the People's Republic of China to enter into a CDMA2000 1xEV-DO design transfer agreement with Qualcomm.
"ZTE continues to demonstrate its leadership in the CDMA market as it was the first manufacturer in the People's Republic of China to enter into a CDMA2000 1xEV-DO design transfer agreement with Qualcomm," said Barbara Noerenberg, vice president of program management for Qualcomm. "We are pleased to be working with ZTE and look forward to working closely with them as they become a key player in the efforts to deploy commercial CDMA2000 1xEV-DO products that enable advanced wireless data services in China."
"ZTE is pleased to establish this important relationship with Qualcomm," said Dr James Jiang, general manager of ZTE San Diego. "ZTE believes that CDMA2000 1xEV-DO is one of the best technologies to support China's growing need for high-speed wireless Internet access. Qualcomm's CDMA2000 1xEV-DO reference design will significantly accelerate ZTE's trial and commercial system development."
CDMA2000 1xEV-DO enables "always on" data to be sent over PCS and cellular wireless networks at speeds comparable to DSL or cable modems, at a lower cost-per-byte than any other 3G technology in development today. CDMA2000 1xEV-DO provides peak data rates up to 2.4 Megabits per second (Mbps), which supports demanding applications such as streaming video and large file downloads.
ZTE Corporation is China's largest listed telecom manufacturer and one of the leading communication solution vendors in the world. Founded in 1985, ZTE was listed on the Shenzhen Stock Exchange in 1997 and achieved US$1.23 billion in contracted revenue in 2000. As a pioneer and leader in development of telecommunications in China, ZTE provides equipment for switching, mobile and data communications, optical and access networks, and videoconferencing. Turnkey networking solutions for setup, refurbishment and optimization of networks are also offered.
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 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 Qualcomm'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, change in economic conditions of the various markets the companies serve, as well as the other risks detailed from time to time in Qualcomm's SEC reports, including the report on Form 10-K for the year ended September 30, 2001, and most recent Form 10-Q.