SAN DIEGO -- October 20, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced that four new members have joined its industry consortium to further the development of Qualcomm's untethered trailer asset management system for the transportation and logistics industry. Leading transportation companies Atlas World Group, Celadon Group Inc., Swift Transportation Co. Inc. and Werner Enterprises, have joined founding member Schneider National to participate in Qualcomm's industry consortium, which will provide direction into how Qualcomm's untethered trailer tracking product will be implemented across the market. In addition, three trailer manufacturers and two leading transportation management software providers have joined the newly-chartered Advisory Council.
Trailer manufacturers, Heil Trailer International, Hyundai Translead and Wabash National Corporation, have joined the Advisory Council to provide trailer installation during the deployment of Qualcomm's untethered trailer asset management system. Transportation management software providers, Innovative Computing Corp. and McLeod Software Corp., have also joined the council to offer back-office software integration for customers.
The untethered trailer asset management system will improve trailer utilization and provide enhanced security for high-value or high-security-risk loads by providing sophisticated on-board hardware, advanced power management, complete network services, an array of sensors and extensive data integration capabilities, using state-of-the-art, tri-mode (digital cellular, PCS and analog) communications.
"By participating in the Qualcomm Consortium and Advisory Council, these companies are demonstrating their commitment to revolutionizing the transportation industry," said Chris Wolfe, president of Qualcomm Wireless Business Solutions. "We believe that untethered trailer tracking will have the same impact that OmniTRACS had on the industry 15 years ago by improving carrier efficiency, asset management, safety, security, maintenance and customer care."
The Qualcomm Consortium, which was created in August 2003, consists of executives from leading companies in transportation and related industries. The Advisory Council consists of strategic partners with a charter to provide critical integration capabilities at both the trailer installation end of the system and with the customer's back-office fleet management software. These companies' unique capabilities make a critical contribution to the untethered trailer tracking system.
Since 1989, Qualcomm has provided its tethered tracking system to more than 35,000 trailers within the NAFTA region. TrailerTRACS® provides trailer ID, drop-and-hook notification, location, status and information when connected to an OmniTRACS® equipped tractor. The untethered trailer tracking system being developed will offer these same features plus a variety of other options, including door and cargo sensors, over-the-air feature update capabilities, multiple delivery solutions to Web and AS400 platforms, and visibility of assets and loads whether or not a trailer is connected to a tractor.
Qualcomm has helped the transportation industry become more efficient since 1988 when the introduction of the OmniTRACS mobile communications system provided transportation companies with an innovative and effective way of managing logistics. Today, Qualcomm's fleet management solutions continue to set the standard by offering products and services that meet and exceed the demands of a constantly changing marketplace. Now with FleetAdvisor®, a paperless solution to ensure DOT and IFTA regulatory compliance; GlobalTRACS®, an equipment management system for the construction equipment industry; and other industry-leading technologies, 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 490,000 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 extent and speed to which OmniTRACS 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.