ORLANDO, Fla. -- March 10, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today introduced a portable computing solution capable of transmitting electronic signatures via satellite communications. Qualcomm's announcement at the Truckload Carriers Association (TCA) 65th Annual Convention represents an advancement in load management technology, offering transportation service companies increased fleet management efficiencies through secure, over-the-air transfers of load assignments and delivery confirmations, complete with customer signatures, via handheld devices. This new technology will allow a reduction in paperwork and minimize delays in processing daily operations data, resulting in improved load and pre-dispatch planning.
The portable computing solution is a result of the combined effort of Qualcomm and wireless solution providerAgentek. Information is transferred securely via Qualcomm's satellite-based mobile communications system. Agentek was recently named a Qualcomm Certified Software Provider.
The first customer to implement this new solution is Milan Express, a transportation services company specializing in less-than-truckload, truckload, logistics, warehousing/storage consolidation and distribution services.
"Qualcomm's portable computing solution represents a compelling new business proposition for transportation fleets," said Glynn Spangenberg, vice president and general manager of transport logistics for Qualcomm Wireless Business Solutions. "Fleets will be able to transmit secure electronic signatures over a satellite in 60-100 byte message sizes, which provides a unique opportunity for automated proof of delivery and improved billing cycle times, load planning and customer service, while generating additional stops per day."
"We are proud to be the first customer of Qualcomm's portable computing solution," said Bruce Kalem, vice president and chief financial officer, Milan Express. "In addition to the productivity benefits, the encryption and security features built into the system enable us to transmit sensitive information without worrying about fraud or data tampering."
Qualcomm'sOmniTRACS® system is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centers. Messages are sent via satellite through Qualcomm's Network Management Center to dispatch centers throughout the United States. The OmniTRACS system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software.
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. Today, 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, withOmniExpress®, a Code Division Multiple Access (CDMA)-based digital wireless communications and tracking system;GlobalTRACS™, an equipment management system for the construction equipment industry; and other industry-leading technologies, 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 over 460,000 Qualcomm mobile systems shipped 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.