SAN DIEGO and ISSY-LES-MOULINEAUX, France -- September 30, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Wavecom S.A. (Nasdaq: WVCM; Nouveau Marché: 7306), the world's number one provider of integrated wireless modules, today announced that they have entered into a CDMA module license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Wavecom a worldwide license under Qualcomm's CDMA technology and patents to develop, manufacture and sell cdmaOne™ and CDMA2000 1X/1xEV-DO modules for use in wireless communications devices.
"Wavecom is a worldwide market leader of wireless products and solutions and Qualcomm is pleased they have recognized the advantages of CDMA technology," said Marvin Blecker, senior vice president and general manager of technology licensing for Qualcomm. "We look forward to Wavecom's contributions as they begin providing high-speed, high-quality digital wireless modules for the CDMA marketplace."
"This license agreement will enable Wavecom to meet the continuous growth needs for wireless Internet connectivity while allowing us to maintain our leadership position in the worldwide telecommunications market," said Hervé Gagnard, group vice president for corporate development and communications of Wavecom. "Our product offerings can now be expanded to complement our existing portfolio of innovative wireless communications solutions for mobile devices, as well as for other products in the automotive and machine-to-machine markets."
A world pioneer in innovative wireless solutions, Wavecom was the first company to commercialize GSM technology in the form of a standard module, the WISMO®, making wireless technology available to everyone. WISMO modules are compact devices that include all of the hardware, software and other technology needed to enable wireless communications over GSM/GPRS, CDMA and future 3G networks. Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC), Seoul (South Korea) and San Diego, Calif. Company revenues totaled 322.7 million euros in 2001 and 244.6 million euros in the six months ended June 30, 2002. Wavecom is publicly traded on Euronext Paris (Nouveau Marche) in France and on the Nasdaq Stock Market exchange in the United States.
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 Company'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 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.
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