Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Red Mountain Machinery, a leading supplier of heavy equipment services in the Southwest, is equipping its entire fleet with Qualcomm's GlobalTRACS® equipment management system. Red Mountain joins the growing number of rental equipment companies that are experiencing the benefits of the GlobalTRACS system, which provides reliable equipment operating data to help enable accurate rental billing of customers, helps increase revenues and equipment productivity, and helps reduce maintenance and administrative costs.
"As a market-leading supplier for heavy equipment in the rental industry, Red Mountain is an ideal partner for Qualcomm," said Tim Lewis, senior director of construction equipment operations for Qualcomm Wireless Business Solutions. "The addition of the GlobalTRACS system allows Red Mountain to integrate wireless equipment management solutions into its existing business operations, in addition to remotely monitoring engine hours and location information for all of its heavy equipment rentals."
"We have incorporated the GlobalTRACS system into our day-to-day business operations," said Jay Dee Sale, director of parts and service for Red Mountain Machinery. "Keeping track of equipment is an essential factor in our company's success, and GlobalTRACS' integration has enabled us to see measurable productivity gains."
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 and contractors by helping reduce maintenance costs, increase billing accuracy, improve customer service and reduce equipment theft and misuse.
Founded in 1986, Red Mountain's company philosophy has been to provide the best possible value for the mutual benefit of its employees, their customers and vendors. Red Mountain started out with a small fleet of 13-14 machines and today has three locations and more than 75 employees. While Red Mountain's rental fleet consists of mostly Caterpillar equipment, it handles Volvo articulated trucks and is an authorized dealer for Maintainer service trucks.
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 OmniExpress®, a CDMA-based digital wireless communications and tracking system; GlobalTRACS, an equipment management system for the construction equipment industry; and other industry-leading technologies, Qualcomm continues to expand into new mobile markets.
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 GlobalTRACS 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 28, 2003, and most recent Form 10-Q.