Sep 1, 2004SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Amoi Mobile, a premier handset manufacturer based in China, today announced that the companies have signed a worldwide commercial CDMA subscriber unit license agreement. Under the terms of the multi-million dollar, royalty-bearing agreement, Qualcomm has granted Amoi Mobile a license under its CDMA patent portfolio to develop, manufacture and distribute cdmaOne™ and CDMA2000® 1X/1xEV-DO subscriber units. The royalties payable by Amoi Mobile are at Qualcomm’s standard rates and are the same irrespective of CDMA standard for which the subscriber units are sold.
“Qualcomm is pleased to license Amoi Mobile, a company with a reputation for targeting innovative mid-range and high-end wireless devices,” said Marvin Blecker, senior vice president and general manager of technology licensing for Qualcomm. “Amoi’s introduction of CDMA multimedia-enabled handsets and smartphones will only solidify its reputation and position in the wireless market.”
“We’re happy to work with an industry established leader like Qualcomm to enable Amoi Mobile to expand its product line with CDMA,” said Xie Hongquan, senior vice general manager of Amoi Mobile. “CDMA technology is the basis for the rapidly expanding, worldwide 3G market, making it the ideal solution for our upcoming line of handsets capable of supporting high-speed wireless data services and applications.”
Amoi Mobile Co. Ltd. is one of the largest manufacturers of mobile phones in China with a profile of high-end products with very attractive designs. Amoi Mobile is a subsidiary of Amoi Electronics, a public company that is listed at the Shanghai Stock Exchange. It is headquartered in Xiamen, Fujian in P.R. China. Amoi Electronics’ business range covers mobile phones, PHS handsets, digital household appliances (HDTV, home theater, DVD players), handheld products (MP3/digital cameras), IT products (Laptop PC), as well as other electronics devices.
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 Company’s ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, Amoi Mobile’s ability to successfully design, have manufactured and market its CDMA products, 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 28, 2003, and most recent Form 10-Q.