Texas Company Turns to Wireless Solution to Increase Revenues and Decrease CostsSAN DIEGO
Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Edgar Machinery, a leading supplier of heavy equipment services in Texas, has signed a contract to purchase Qualcomm's GlobalTRACS® equipment management system for use with its fleet. Edgar Machinery joins the growing number of rental equipment companies that are experiencing the benefits of the GlobalTRACS system, which provides a clear and accurate view of equipment operations data that integrates seamlessly into existing software systems and allows rental fleets to update their entire enterprise in a timely, automated manner.
"Having tried other monitoring products, GlobalTRACS was the only solution that lived up to our expectations," said Frankie McNutt, equipment manager for Edgar Machinery. "Tracking and monitoring our equipment is an essential factor in our company's success, and GlobalTRACS' integration has enabled us to see measurable gains. We now have a tool to help improve asset utilization, reduce maintenance costs, and obtain timely information to make important operational decisions. It's a solution that pays for itself."
"Edgar Machinery did extensive research to find a solution that was suitable for their equipment monitoring needs, and we're pleased that this successful company has chosen GlobalTRACS," said Tim Lewis, senior director of construction equipment operations for Qualcomm Wireless Business Solutions. "The GlobalTRACS system eliminates the need to manually gather and enter data. By having this information collected and sent wirelessly, rental companies can reduce labor costs, minimize data entry errors, and increase the speed and accuracy of billing and maintenance."
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 Operations 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.
Since 1960, Edgar Machinery has been buying, renting and selling heavy construction equipment in the Texas market. With locations in the Austin & Houston areas, Edgar Machinery provides Texas contactors with the equipment they need for their heavy civil projects, in central and east Texas. Edgar Machinery's fleet is comprised of Crawler Dozers (70-190 hp.), Hydraulic Excavators (27,000-108,000 lb.), Crawler & Wheeled loaders (2.25-3.5 yd), Loader backhoes, Vibratory Compactors (56-84"), Soil Stabilizers and Reclaimers, Motorgraders (80-180 hp.), Water Equipment (2000-5000 gal.), and Articulated Off-Road Dump Trucks (25-35 ton).
Qualcomm is the industry's global leader in providing high-value wireless data solutions with Network Operations Centers that process more than nine million transactions each day. Qualcomm has shipped more than 523,000 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 the S&P 500 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.
Qualcomm and GlobalTRACS are registered trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
July 26, 2004July 26, 2004