SAN DIEGO -- May 12, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced an agreement with ACME Lift Company to deploy Qualcomm'sGlobalTRACS™ equipment management system on its fleet of large aerial work platforms. For equipment re-rental fleets such as ACME Lift Company, Qualcomm's GlobalTRACS equipment management system provides reliable equipment operating data to help enable accurate billing for the company and its retail rental customers, help increase revenues and equipment productivity, and help reduce maintenance and administrative costs.
GlobalTRACS is a multimode wireless equipment management solution based on a common, ruggedized hardware platform and leading next-generation wireless technologies. The GlobalTRACS equipment management system is the first available solution designed to meet the demanding requirements of equipment manufacturers, enabling factory or after-market installation on all equipment makes and models. The GlobalTRACS system collects, manages and transmits equipment operating status and location data, which can be accessed via an easy-to-use Web-based application or integrated into existing back-end business software systems including RentalMan® by Wynne Systems.
"The GlobalTRACS wireless equipment management solution will be a powerful tool for ACME Lift Company and for our customers," said Woody Weld, president of ACME Lift Company. "The system allows us to provide our retail rental customers with real-time equipment usage data, increasing their ability to capture actual rental revenue and improve overall profitability for their businesses."
"Effective equipment management is particularly challenging to equipment re-rental specialists such as ACME Lift Company, whose assets are widely dispersed across the country," said Tim Lewis, senior director of construction equipment operations, Qualcomm Wireless Business Solutions. "The GlobalTRACS equipment management system provides ACME with a comprehensive solution that helps reduce operating costs and helps enable superior customer service."
ACME Lift Company also announced that it has joined Qualcomm's construction equipment consortium as an Advisory Council member, to help set the standard for wireless communications in the equipment rental industry. Qualcomm established the construction equipment consortium to include industry-leading equipment rental companies, contractors, and equipment manufacturers worldwide for the development of standardized wireless equipment management solutions for the construction equipment industry.
ACME Lift Company was founded in February 1997 to provide new, top quality aerial work platforms from 80-236 feet working height exclusively to rental companies throughout the United States for re-rental to their customers.
Qualcomm has helped the transportation industry become more efficient since 1988 when the introduction of theOmniTRACS® mobile communications system provided companies with an innovative and effective way of managing logistics. Its fleet management solutions, and other industry-leading technologies continue to set the standard by offering products and services that meet the demands of a constantly changing marketplace. Qualcomm continues to lead the industry in providing wireless data solutions and has shipped over 470,000 mobile communications system units 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 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 extent to which the Company's GlobalTRACS 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.