SAN DIEGO -- June 10, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Ahern Rentals has joined Qualcomm's Construction Equipment Industry Consortium as an Advisory Council member. As a member of the consortium, Ahern Rentals will work to help define the standard for wireless equipment management in the construction industry by providing input on current and future Qualcomm solutions, including Qualcomm's commercially availableGlobalTRACS® equipment management system. Ahern Rentals also announced that it has installed several GlobalTRACS system units for evaluation and is working on development of a wireless systems strategy with Qualcomm.
Qualcomm's GlobalTRACS system is a complete, turnkey equipment management solution, offering ruggedized hardware, state-of-the-art network services and extensive data integration capabilities. Qualcomm's Network Management Center, one of the world's largest and most reliable wireless data networks, provides wireless service and monitoring support for the GlobalTRACS system. The GlobalTRACS system delivers value to equipment rental fleets like Ahern Rentals by helping reduce maintenance costs, increase billing accuracy, improve customer service and reduce equipment theft and misuse.
"Qualcomm's GlobalTRACS system supports Ahern Rentals' strong focus on customer service excellence with its innovative wireless and fleet management technology, enabling us to proactively manage maintenance needs and streamline operations," said Don Ahern, president of Ahern Rentals. "By joining the Consortium, Ahern Rentals will be at the forefront of providing input on future product requirements that help shape the development of an industry standard for wireless equipment management."
"Qualcomm welcomes Ahern Rentals' participation in the Consortium and looks forward to working closely with the company to develop innovative wireless rental management solutions for the construction equipment industry," said Tim Lewis, senior director of construction equipment operations, Qualcomm Wireless Business Solutions. "Ahern Rentals joins a distinguished and growing list of companies that continue to drive an industry standard for wireless equipment management systems."
Qualcomm established the Construction Equipment Industry Consortium to include industry-leading equipment rental companies, contractors and equipment manufacturers worldwide to support the development of standardized wireless equipment management solutions for the construction equipment industry. Equipment rental fleets, contractors and construction equipment manufacturers are invited to join Qualcomm's Construction Equipment Industry Consortium. Advisory Council members help Qualcomm in establishing GlobalTRACS product specifications and overall system requirements, thereby ensuring that current and future products satisfy the needs of equipment rental companies, contractors and equipment manufacturers alike.
Ahern Rentals is the largest independently owned rental business in the United States, with 25 locations in seven states. The company offers more than 14,000 different types of equipment and tools, providing rental solutions for a wide variety of industries.
Qualcomm, the leader in mobile communications for the transportation industry, has helped the 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. With a Network Management Center that processes more than seven million transactions each day and over 470,000 Qualcomm mobile systems shipped to businesses in more than 39 countries on four continents, Qualcomm continues to lead the industry in providing wireless data solutions.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services worldwide 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.