Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced it has signed a strategic alliance agreement with the Bobcat Company, the worldwide leader in compact equipment. Terms of the agreement include the endorsement of Qualcomm as an approved provider of telematics products for the Bobcat® lines of equipment.
“This agreement provides our customers with the option of purchasing Qualcomm's GlobalTRACS solution through the extensive Bobcat dealer network. GlobalTRACS can be used on the full Bobcat line of compact equipment, including compact track loaders, skid-steer loaders, all-wheel steer loaders, compact excavators, Toolcat™ utility work machines, utility vehicles and more,” stated Lane Weber, sales manager for Bobcat.
“This agreement will allow Bobcat, the world leader in compact equipment, to provide their dealers and customers with a Bobcat-endorsed equipment management system that gives them significant benefits, including productivity improvements, cost-savings and increased revenue opportunity,” said Chris Wolfe, president of Qualcomm Wireless Business Solutions.
The GlobalTRACS equipment management solution is designed to meet the demanding requirements of construction equipment manufacturers. The GlobalTRACS solution collects, manages and transmits equipment operating status and location data, which can be accessed via an easy-to-use Web-based application or integrated into existing back-end business software systems.
Other advantages of Qualcomm's GlobalTRACS include the ability for engine hours to be reported on demand or at automated intervals. Security management is also a key feature of the system, as the GlobalTRACS solution allows users to create virtual boundaries, or “geo-fences,” with both entry and exit alerts. Upgrades to the system can be completed remotely, meaning the owner/manager will not fall behind the technology curve.
Additionally, Bobcat's customers can integrate Qualcomm's OmniTRACS® and OmniExpress® wireless fleet management solutions with their service and delivery vehicles to provide best-of-class customer service and response times, while further improving the efficiencies of delivery and service truck dispatch and operations. With the GlobalTRACS and OmniTRACS systems linked, customers will significantly increase the productivity, efficiency and safety of their operations by eliminating manual paperwork and adding controls.
North Dakota-based Bobcat Company is a business unit of Ingersoll-Rand, a major diversified industrial company. For the name of the nearest Bobcat dealer, visit www.bobcatdealer.com. Additional Bobcat product information can be seen at www.bobcat.com.
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 567,000 Qualcomm mobile systems to businesses in 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 2004 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 26, 2004, and most recent Form 10-Q.