ORLANDO, Fla. -- March 10, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced at the Truckload Carriers' Association (TCA) Convention that it will provide solutions for managing tethered and untethered trailers through new trailer tracking development and licensing initiatives for the trucking industry.
Qualcomm will begin the next phase in development of an untethered trailer asset management system for high-value or high-security loads. This system will provide sophisticated on-board hardware, advanced power management, state-of-the-art network services and extensive data integration capabilities. The product will operate on any of three bands based on least-cost routing: 800 MHz CDMA, 1900 MHz CDMA and 800 MHz cellular (AMPS).
"Recently Qualcomm launched theGlobalTRACS™ equipment management system for construction fleets," said Charles Pedersen, director of product development for Qualcomm Wireless Business Solutions. "We're now moving to the next phase of development by leveraging this technology to create a tri-mode, untethered trailer tracking system for transportation carriers. This system will provide our customers with broad network coverage now and into the future."
Since 1989, Qualcomm has provided a tethered-tracking system,TrailerTRACS® to over 35,000 trailers within the NAFTA region. TrailerTRACS provides trailer ID, drop-and-hook notification, location, status and refrigeration information when connected to anOmniTRACS® equipped tractor. The untethered trailer-tracking system being developed will offer these same features plus a variety of other options, including door and cargo sensors, geofencing, over-the-air upgradeability, multiple delivery solutions to Web and AS400 platforms, and visibility of assets and loads regardless of trailers being connected or disconnected from tractors.
Qualcomm will also license to authorized third parties its trailer tracking intellectual property, including its patented cargo sensor and its method for transmitting trailer data over a tractor-trailer power line carrier. Data that can be transmitted includes notification of trailer drops and hooks, trailer identification, refrigeration alerts and exception data. The data can be integrated with Qualcomm's in-cab systems.
"Qualcomm's customers are looking for feature-rich trailer management solutions that integrate well with their in-cab solutions," said Tom Doyle, vice president of business development for Qualcomm Wireless Business Solutions. "Qualcomm is encouraging development of a suite of trailer asset management solutions that increase our customers' trailer management options, as well as the value of their OmniTRACS investment."
"We believe that by combining the unique capabilities of Qualcomm's tethered TrailerTRACS system with some of the untethered trailer tracking products already on the market, we can bring significant benefits to our customers right away," said Glynn Spangenberg, vice president and general manager of transport logistics for Qualcomm Wireless Business Solutions. "This enables our partners to deliver tightly integrated trailer tracking products to market faster, and will enable our customers to choose products that are compatible with their existing in-cab mobile communication systems."
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. Qualcomm's fleet management solutions continue to set the standard by offering products and services that meet and exceed the demands of a constantly changing marketplace. Now with OmniExpress®, a CDMA-based digital wireless communications and tracking system, and the GlobalTRACS equipment management system, Qualcomm continues to expand into new mobile markets. Qualcomm is the industry's global leader in providing high-value wireless data solutions with a Network Management Center that processes more than seven million transactions each day and has shipped over 460,000 Qualcomm mobile systems to businesses in more than 39 countries on four continents.
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, 2002, and most recent Form 10-Q.