ORLANDO, Fla. -- March 10, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced a major technology breakthrough with the successful testing of high data rate technology over its satellite network. Qualcomm's announcement at the Truckload Carriers' Association (TCA) marks a significant technology leap for the transportation industry, as high data rate technology will enable a peak data transmission rate at up to 200 times the existing rate that Qualcomm customers enjoy today.
"Fleets are moving in the direction of adopting more intelligent in-cab applications, where paper is being replaced with electronic imaging. Qualcomm has successfully tested the next generation technology, which will make rapid advancement possible," said Glynn Spangenberg, vice president and general manager of transport logistics for Qualcomm Wireless Business Solutions. "For nearly fifteen years, Qualcomm has researched and developed state-of-the-art mobile technologies including OmniTRACS, OmniExpress,OmniOne and GlobalTRACS. This latest milestone gives new insight into the possibilities of what Qualcomm can offer through the deployment of high data rate technology."
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 (NMC) 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. 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 CDMA-based digital wireless communications and tracking system, and theGlobalTRACS™ 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 NMC 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 CDMA and 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.