Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, congratulates Monet Mobile, a Seattle-based wireless Internet Service Provider, on its launch of the first commercial CDMA2000 1xEV-DO network in the United States. The third-generation (3G), high-speed data network was launched in a "wire-cutting" ceremony held today in Duluth, Minn.
"Monet's CDMA2000 1xEV-DO launch in Duluth marks the debut in the United States of commercial broadband wireless data services, supporting fixed and mobile wireless Internet access at multi-megabit peak rates. Residences, businesses and schools now have a cost-competitive alternative to wired broadband," said Dr. Irwin Mark Jacobs, chairman and CEO of Qualcomm, who participated in today's launch event. "This initiative by Monet is a major step toward bridging the digital divide by introducing reliable and affordable wireless Internet access to underserved communities in rural and urban regions."
For a flat monthly rate, Monet Broadband offers high-speed, mobile access to the complete Internet, enabling streaming video, multimedia, position-location services, e-mail, and secure access to corporate intranets and databases. Monet's Broadband network is accessible through a modem card that is compatible with desktops, laptops and handheld PCs. The combination of mobility, network speed and device flexibility allows Monet to offer residential users and small businesses an alternative to Digital Subscriber Line (DSL) and cable. Qualcomm supports CDMA2000 1xEV-DO technology with chipsets and system software that offer a variety of advanced features, such as multimedia and position-location technologies.
The commercial launch of Monet Broadband in Duluth expands Monet's service area in the heartland of America. In November, Monet Broadband will also be available in Moorhead, Minn., Superior and Eau Claire, Wis., Fargo and Grand Forks, N.D., and Sioux Falls, S.D. Monet launched the nation's first 3G, data-only network in October 2001 in Sioux Falls, S.D. using CDMA2000 1X.
"Monet is pleased to lead the industry with the nation's first commercial launch of CDMA2000 1xEV-DO. This launch is a technological first for the United States that promises to change how people use the Internet," said George Tronsrue III, chairman and CEO, Monet Mobile Networks. "It's through the leadership and sponsorship of companies like Qualcomm that we are able to deliver the freedom and convenience of wireless broadband Internet access to consumers and businesses throughout our markets."
CDMA2000 1xEV-DO was officially recognized by the International Telecommunications Union (ITU) as an IMT-2000 third-generation standard. CDMA2000 1xEV-DO enables high-speed wireless services by allowing "always on" data to be sent over Personal Communication Service (PCS) and cellular wireless networks at speeds up to 2.4 Mbps, comparable to DSL or cable modems, at a lower cost-per-byte than any other 3G technology available today. CDMA2000 1xEV-DO is compatible with cdmaOne and CDMA2000 1X networks, thus leveraging existing product designs and enabling service providers to obtain higher capacities and superior performance by optimizing voice and data spectrum separately. The world's first commercial CDMA2000 1xEV-DO networks were deployed in South Korea earlier this year.
For more information on 3G technology, please visit www.3Gtoday.com.
Headquartered in Seattle, Monet Mobile Networks Inc. was founded by telecommunications industry veterans in mid-1999. Monet is a wireless Internet service provider, offering users high-speed, mobile access to the complete Internet, e-mail, corporate intranet applications, data and customer support. The Monet service can be purchased online at www.monetmobile.com and other authorized dealers. The company's investors include Mayfield, Soros Private Equity Partners, Qualcomm, LG Electronics, Intel Capital and Hook Partners. For more information, please visit www.monetmobile.com or call 1-866-286-6638.
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.