Feb 14, 2005SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Release 3.0 of its GlobalTRACS equipment management solution will greatly expand in functionality through the use of configurable sensors that monitor the health of critical construction equipment components.
Using up to four sensors, GlobalTRACS 3.0 will monitor customer-determined construction equipment thresholds and durations, providing instant critical alerts that can help prevent expensive damage to engines, transmissions and hydraulics. The sensors will also provide non-critical alert monitoring and historical data delivered on pre-determined schedules for use by maintenance personnel to spot potential problems, thereby providing significant cost savings and the reduction of unexpected equipment downtime.
Introduced two years ago, the GlobalTRACS equipment management solution is a complete, turnkey equipment management system, offering ruggedized hardware, state-of-the-art network services and extensive data integration capabilities. Providing reliable wireless access to construction equipment engine hours and location data, regardless of equipment type and manufacturer, GlobalTRACS automatically collects, organizes and transmits vital information about where, when and how construction equipment is being used.
“GlobalTRACS 3.0's sensors provide our customers with yet another reason to select Qualcomm's proven equipment management system,” said Chris Wolfe, president of Qualcomm Wireless Business Solutions. “By allowing users to monitor critical thresholds off-line and repair equipment prior to major failures, Qualcomm is positively impacting our customers' businesses by reducing the equipment downtime and therefore increasing revenue.”
“The addition of configurable sensors sets the GlobalTRACS solution even further apart from our competitors,” said Joan Waltman, vice president of engineering, Qualcomm Wireless Business Solutions. “By providing timely and reliable delivery of critical alerts, Qualcomm is delivering a strong return on investment for its customers.”
The GlobalTRACS equipment management solution is designed to meet the demanding requirements of equipment manufacturers, enabling factory or after-market installation on all equipment makes and models. 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 GlobalTRACS allows users to create virtual boundaries, or “geo-fences,” with both entry and exit alerts. Upgrades to the system can be completed remotely, meaning that GlobalTRACS will not fall behind the technology curve.
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.