SAN DIEGO and REDWOOD SHORES, Calif. -- February 25, 2003 -- Qualcomm Incorporated (NASDAQ: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Wherify Wireless, Inc., a leading supplier of Global Positioning System (GPS) locators and makers of the world's first GPS Locator for Kids, today announced that they have entered into a CDMA subscriber unit license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Wherify a worldwide license under Qualcomm's CDMA technology and patents to manufacture and sell CDMA2000 1X/1xEV-DO subscriber units, including Wherify's distinctive line of GPS locators.
Wherify's flagship product, the GPS Locator for Kids, currently operates on a nationwide CDMA 1900 MHz PCS network. This agreement allows Wherify to directly manufacture and market this and future GPS location devices.
Through the convergence of GPS and digital wireless technologies - in combination with Wherify's patented technology - Wherify's GPS Locator for Kids, a miniature wrist-worn locator, offers parents peace of mind knowing they can locate their children 24 hours a day, seven days a week. In the event of an emergency, either the child or parent can request an emergency 911 response and local police will be dispatched.
"Qualcomm is pleased to license innovative companies, such as Wherify, offering products and services that expand the application of Qualcomm's patented CDMA technologies," said Marvin Blecker, senior vice president and general manager of technology licensing for Qualcomm. "As Wherify continues to build on its suite of GPS location devices, the advanced and innovative wireless capabilities offered by CDMA technology will greatly benefit the appeal of such products and services to its customers."
"Building upon the success of our GPS Locator for Kids, we plan to grow our product line to include CDMA locators for adults, hikers, pets and vehicles. Leveraging the advanced technology of CDMA will be key to this growth," said Timothy Neher, president and CEO of Wherify Wireless, Inc. "We're pleased to work with an industry leader like Qualcomm in our efforts to bring a broader range of wireless products to our customers around the world."
Wherify Wireless, Inc. is a privately held developer of patented and award-winning wireless location products and services for child safety, parental supervision, personal protection, Alzheimer and memory loss supervision, law enforcement, animal identification and property asset tracking. The company's proprietary integration of global positioning systems and wireless communication technologies will enable customers to obtain real-time location information for individuals and property directly through the Internet or any phone. Founded in March 1998, Wherify Wireless, members of CEA and CTIA, is located in Redwood Shores, Calif. For more information visit the company's Web site at www.wherify.com.
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, 2002, and most recent Form 10-Q.