Mar 10, 2003SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
ORLANDO, Fla. -- March 10, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced several new innovative technologies for its fleet management solutions at the Truckload Carriers Association (TCA) 65th Annual Convention, including a high data rate technology, a portable computing solution for load management with electronic signature capture and transfer, and an untethered trailer monitoring system initiative. These new technologies validate Qualcomm's commitment to offering state-of-the-art wireless solutions that enable transportation carriers to protect their assets and improve fleet efficiency and productivity.
"When Qualcomm entered this industry almost 15 years ago, we vowed to produce the most technologically advanced solutions to enable our customers to run highly efficient transportation operations worldwide," said Glynn Spangenberg, vice president and general manager of transport logistics for Qualcomm Wireless Business Solutions. "Qualcomm is delivering on that promise every day by developing new technologies and stable products that meet the evolving needs of our customers, as they strive to make their fleets operationally efficient and profitable."
Qualcomm is breaking new ground with its successful testing of high data rate technology over satellite communications. This high data rate technology, originally developed by Qualcomm for CDMA-based terrestrial applications, will enable carriers to send large volumes of data at peak data transmission rates of up to 200 times the existing rate that Qualcomm customers enjoy today. "Successfully transferring high data rate wave forms into the satellite environment is perhaps one of the most significant milestones in the realm of wireless data communications for the transportation industry," said Spangenberg.
Qualcomm's new portable computing solution also provides operational optimization support for transportation companies. The solution enables secure, over-the-air transfers of load assignments and delivery confirmations complete with electronic signature via handheld devices. Additionally this solution featuresAgentek's delivery management software with data transfers over Qualcomm's satellite-based mobile communications system.
Qualcomm plans to further expand its service offerings to include an untethered trailer asset management system initiative for transportation carriers. Qualcomm currently offers a tethered-tracking system,TrailerTRACS®, which provides trailer location, status and refrigeration information when connected to anOmniTRACS® equipped tractor. Qualcomm will license its technology to third parties for development of a suite of untethered trailer tracking products. In addition, Qualcomm has begun developing a tri-mode untethered trailer-tracking system with its commercially deployedGlobalTRACS™ solution for construction equipment. This system will offer the same features as the TrailerTRACS system plus a variety of other options, including door and cargo sensors that will allow operators to visibly monitor their assets and loads whether connected or disconnected from a tractor.
Qualcomm's OmniTRACS 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 with OmniExpress®, a 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 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.