SAN DIEGO -- February 11, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced the commercial introduction of its GlobalTRACS™ equipment management system at the American Rental Association's 47th Annual Convention and Rental Trade Show in Anaheim, Calif. Revolutionary in its design, the GlobalTRACS equipment management system provides reliable, wireless access to equipment engine hours and location data, regardless of equipment type or manufacturer.
Qualcomm's GlobalTRACS system is a complete, turnkey equipment management solution, offering ruggedized hardware, state-of-the-art network services and extensive data integration capabilities.
"Qualcomm has led the industry in the development and support of wireless business solutions for more than 14 years, making us uniquely qualified to deliver value-creating products and services to the construction industry," said Chris Wolfe, president of Qualcomm Wireless Business Solutions. "GlobalTRACS is another example of the value Qualcomm can bring to a number of vertical markets through its innovative product development expertise, highly reliable network management services and world-class customer service."
"In this challenging economic climate, effective equipment management is crucial to equipment rental and contractor fleets for maintaining a competitive advantage," said Tim Lewis, senior director of construction equipment operations, Qualcomm Wireless Business Solutions. "The GlobalTRACS system provides equipment fleet managers with a comprehensive solution that enables superior customer service, while helping to reduce operating costs."
The GlobalTRACS equipment management system is the first available solution designed to meet the demanding requirements of equipment manufacturers, enabling factory or aftermarket installation on all equipment makes and models so that fleet managers can remotely monitor engine hours and location. The GlobalTRACS system delivers value to equipment rental fleets and contractors by reducing maintenance costs, increasing billing and job costing accuracy, improving customer service and reducing equipment theft and misuse.
Qualcomm's Network Management Center (NMC) supports the GlobalTRACS system. The NMC is one of the world's largest wireless data networks, processing more than seven million data messages and position reports daily. The fully redundant NMC is based in San Diego, Calif., with a second facility located in Las Vegas, Nev. Qualcomm's highly trained customer support staff ensures reliable message delivery and is available to customers 24 hours a day, 365 days a year. Qualcomm continues to lead the industry in providing wireless data solutions and has shipped over 460,000 mobile communications systems units to businesses in more than 39 countries on four continents.
Qualcomm has helped the transportation industry become more efficient since 1988 when the introduction of the OmniTRACS® mobile communications system provided companies with an innovative and effective way of managing logistics. Its fleet management solutions, and other industry-leading technologies continue to set the standard by offering products and services that meet the demands of a constantly changing marketplace.
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 and speed to which the GlobalTRACS system 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, 2002, and most recent Form 10-Q.