SAN DIEGO -- May 15, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications solutions for the transportation industry, today announced its support for National Transportation Week with a renewed commitment to helping the trucking industry operate efficiently and securely through leading edge wireless technology solutions. National Transportation Week is an annual event celebrating the importance of the transportation industry's contributions to the economy, culminating this year in Defense Transportation Day on May 16, 2003.
Qualcomm customers include over 1,500 trucking companies, and 34 of the top 35 truckload fleets, collectively making significant contributions to the nation's economy. Wireless communications and tracking technology has enabled these fleets to operate more productively and safely while providing a higher level of customer service and supply chain visibility. With the trucking industry responsible for moving nearly 70 percent of the total freight tonnage in the United States according to U.S. Department of Transportation studies, productivity enhancements in the industry directly impact the nation's economy.
The trucking industry is extremely diverse, with companies of all sizes moving a broad mix of raw materials, finished products, foodstuffs and other commodities. One Qualcomm customer that reflects this diversity is Landstar System, Inc., a leading non-asset based provider of transportation capacity. Its services include truckload, expedited, intermodal, contract logistics and specialized transportation services. Not only does Landstar service the automotive and other time-critical industries, but it provides vital support for the Department of Defense moving ammunition, arms and explosives.
"In today's environment, it is more important than ever that our company is able to assure our customers that their high-value and hazardous cargo is truly secure while in-transit," said Jeffrey Crowe, chairman and chief executive officer, Landstar System, Inc., a leading carrier of government shipments. "Advancements in wireless technology, including Qualcomm's system, have played a significant role in the increased security of the sensitive loads our company transports on behalf of the U.S. government, as well as other customers."
Qualcomm also recognizes the importance of industry and government partnerships to enhance transportation systems. An example of this is its longstanding support for the Defense Transportation Tracking System (DTTS), a centralized facility for monitoring Department of Defense (DOD) shipments. Since 1989, Qualcomm has worked extensively with DTTS to provide advanced technology for the safe and secure movement of sensitive DOD loads being transported by commercial companies such as Landstar.
All trucking companies currently authorized to transport ammunition for the Department of Defense utilize satellite communications for messaging, position reporting and incident response management. DTTS continuously monitors in-transit status of shipments, providing shipment status and location reports to key customers and the military. DTTS also coordinates emergency response efforts for accidents and other incidents. Leveraging wireless technology provided by Qualcomm, DTTS can pinpoint the location of emergencies and provide emergency response personnel with necessary details regarding the hazardous materials involved in the emergency.
"Qualcomm continues to work with the transportation industry to develop solutions that improve productivity, safety and address new security requirements, particularly as they relate to hazardous material shipments," said Chris Wolfe, president of Qualcomm Wireless Business Solutions. "Partnerships with carriers and our cooperation with DTTS, and other government agencies, have resulted in improved wireless technology solutions for reliable and secure tracking of munitions and hazardous materials."
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 470,000 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 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 Company's 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 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.