Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of wireless data solutions, and Pettibone, a leading manufacturer of material-handling equipment for more than 120 years, today jointly announced the signing of an agreement to install Qualcomm's GlobalTRACS equipment management solution on Pettibone's full line of material handling equipment.
“This agreement will see Qualcomm's industry leading equipment management solution installed on every piece of Pettibone material-handling equipment that comes out of our factory,” said Kevin Walsh, president of Pettibone. “Pettibone's new line of equipment is extremely advanced, and the addition of GlobalTRACS will allow end users to better monitor and maintain their equipment for more productivity and increased machine life.” “Pettibone has set itself apart from the competition by producing some of the finest machines in the market, and we are proud to be part of the customer solution,” said Larry Cleary, general manager of construction equipment, Qualcomm Wireless Business Solutions. “We believe that offering their equipment with the GlobalTRACS solution will only increase their appeal and provide additional value to their customers.”
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, and will soon remotely monitor vital machine functions as well. All of this information 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 solution 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 stay ahead of the technology curve.
Located in Baraga, Michigan, Pettibone manufactures a full line of fixed-boom and transfer-boom rough-terrain telehandlers, Cary-Lift pipe and pole material handlers, and Speed Swing railroad maintenance cranes. For additional information on Pettibone products, contact Dan Blondeau at 800.GO.PETTIBONE or email@example.com. To find the Pettibone dealer nearest you, visit www.gopettibone.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.