WAALRE -- March 27, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced that Giraud International S.A., a leading European truckload carrier based in France, has signed a six-year agreement with the Company. Under the terms of the agreement, Qualcomm Wireless Business Solutions Europe B.V. will provide the EutelTRACS™ satellite communications system together with its recently introduced HourTRACS™ driver monitoring software module to Giraud International's 2,000 truckload fleet. The combined solution enables Giraud International to offer a higher level of service to its customers, improve overall operating efficiencies and meet requirements brought about by European daily driving and rest time rules and the French working time directive.Qualcomm's EutelTRACS system gives Giraud International a seamless and automated match between its vehicles throughout Europe and its centralized back-office systems. The EutelTRACS system is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centres. Messages are sent via satellite through Eutelsat's Network Management Centre to dispatch centres throughout Europe.
The HourTRACS software module provides an immediate overview of all the company's drivers and provides them essential information to stay within the applicable European and French working and resting time requirements while optimising human resources. Driver events are accurately recorded minute by minute and are immediately available for subsequent processing in an array of operational and administrative systems. Waiting times, scheduling mistakes and on-duty time violations can be reduced, helping Giraud International maintain optimal service to its clients. HourTRACS will support the introduction of the new European digital tachograph, a product that will monitor the events of a driver.
"In order for us to accomplish our goals, we recognized the need to capture and integrate real-time data from our vehicles and drivers," said Mr. Philippe Limbourg, president and chairman of the board for Giraud International. "EutelTRACS with HourTRACS enables our company to be more efficient, handling more loads with a higher degree of customer satisfaction. We chose Qualcomm because we believe the close integration between the EutelTRACS system and our business systems will ensure the highest return on investment possible."
"We are extremely pleased that Giraud International has selected Qualcomm's EutelTRACS and HourTRACS solution for its mobile communications and driver information needs," said Simon Harris, managing director for Qualcomm Wireless Business Solutions Europe. "Meeting the requirements of customers and drivers is mission critical and demands a system you can count on today and in the future."
With a European network of more than 130 locations, Giraud International is focusing on the transportation of loads and groupage in order to better meet its clients' changing needs.
Today, Giraud International is asserting itself as an essential operator and organiser in all aspects of European logistics activity. Solid foundations, sustainable strategic alliances and undisputed experience have all made this possible.
Qualcomm, the leader in mobile communications for the transportation industry, has helped the industry become more efficient since 1988 when the introduction of the OmniTRACS® mobile communications system provided companies with an innovative and effective way of managing logistics. Its fleet management solutions continue to set the standard by offering products and services that meet 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 EutelTRACS 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.