SAN DIEGO -- September 30, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications solutions for the transportation industry, today announced that Frito-Lay is replacing its existing fleet management system with Qualcomm's satellite-based mobile communications solution. Frito-Lay has signed a contract with Qualcomm to install over 1,100OmniTRACS® andOmniExpress® mobile communications system units, and 4,400TrailerTRACS® asset management system units in 2002.
"We are pleased to have Frito-Lay, the leading multinational snack chip company, as a Qualcomm customer," said Chris Wolfe, president of Qualcomm Wireless Business Solutions. "Working together, we are ensuring that Frito-Lay has a fully integrated mobile communications solution that enables them to address their need to provide customers with better services while improving trailer utilization."
"The ability to monitor and track our assets real-time is invaluable in helping us maintain our competitive edge," said Gary Berger, director of supply chain optimization for Frito-Lay. "Qualcomm's integrated solution is helping ensure that Frito-Lay continues its success as the market leader by providing reliable network management, proven technology and a host of user-friendly software applications to effectively manage our assets."
Frito-Lay plans to incorporate a fully integrated Qualcomm solution that will include theMVPc™ in-vehicle computers with theFleetAdvisor® on-board mobile applications. FleetAdvisor applications include electronic driver logs, automatic state mileage collection, which collects various trip activities and events. In addition, the system will enable Frito-Lay to manage its distribution resources and performance data in real-time, while ensuring regulatory compliance. This tracking solution will assist the company in optimizing fleet utilization, improving safety and reducing environmental impact through analysis of detailed vehicle fuel performance. Qualcomm will initially equip over 1,100 Frito-Lay trucks and 4,400 trailers, and it expects to deploy 1,100 additional MVPc computers in the next year.
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.
The MVPc in-vehicle computer interfaces with the OmniTRACS and OmniExpress mobile communications systems. Qualcomm's MVPc is capable of running hand-held PC Pro, industry, or custom Microsoft® Windows® CE applications to provide in-vehicle processing power for the flexible and effective management of a mobile workforce.
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, along with other industry-leading technologies, Qualcomm continues to expand into new mobile markets. With a Network Management Center that processes more than seven million transactions each day and over 435,000 Qualcomm mobile systems shipped to businesses in more than 33 countries on four continents, Qualcomm continues to lead the industry in providing wireless data solutions.
Frito-Lay North America is the convenience foods division of PepsiCo, Inc., which is headquartered in Purchase, NY. Frito-Lay makes and sells some of America's favorite snack brands including Lay's potato chips, Ruffles potato chips, Doritos tortilla chips, Tostitos tortilla chips and Cheetos cheese-flavored snacks. The company also makes and sells Quaker Chewy granola bars, Quaker Fruit and Oatmeal bars, Gatorade energy bars and Quakes rice snacks.
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. 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 the extent to which the Company's OmniTRACS and other mobile communications 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.