SAN DIEGO -- April 15, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Telular Corporation (Nasdaq: WRLS), a leader in the design and manufacturing of wireless products, today announced the companies have signed a multi-million dollar fixed wireless CDMA subscriber unit license agreement. Qualcomm has received equity in Telular Corporation in lieu of a portion of the up-front license fee. Under the terms of the worldwide royalty-bearing agreement, Qualcomm has granted Telular Corporation a license under its CDMA patent portfolio to develop and manufacture its Phonecell® line of fixed wireless terminals and desktop phones implementing CDMA2000® 1X/1xEV-DO/1xEV-DV technologies.
"Qualcomm is pleased to work with Telular Corporation to help them deliver strong fixed wireless communications solutions to their clients around the globe," said Marvin Blecker, senior vice president and general manager of technology licensing for Qualcomm. "CDMA is now used by more than 147 million subscribers worldwide and continues to be adopted at a rapid pace. This agreement ensures that Telular has access to the technology that enables them to address the rapidly growing CDMA market."
"With our cellular fixed wireless products deployed in more than 130 countries, it is critical for Telular to have the ability to continue providing solutions that accommodate worldwide technology standards for high-quality wireless communications," said Kenneth E. Millard, chairman and chief executive officer, Telular Corporation. "This license agreement will allow us to offer CDMA products that enable increased network capacity, exceptional voice quality and high-speed wireless data services."
Telular Corporation is a leader in the design and manufacturing of wireless products. Telular's proprietary telecommunications interface technology enables standard phones, fax machines, computer modems or monitored alarm systems to utilize available cellular wireless service for either primary or back-up telecommunications. Telular's product lines incorporate the world's leading cellular standards (CDMA, GSM, TDMA, AMPS) and are marketed worldwide. Headquartered in Vernon Hills, Illinois, Telular has regional sales offices in Atlanta, Miami, London, Singapore, Mexico City, Beijing and Johannesburg. For further company information, visit Telular athttp://www.telular.com.
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 is a 2003 FORTUNE 500® company 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 Companies' ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Companies serve, as well as the other risks detailed from time to time in the Companies' SEC reports, including the report on Form 10-K for the year ended September 30, 2002, and most recent Form 10-Q.