Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of wireless data solutions, today announced that Spirit Underground LLC, an installer of underground utilities, is outfitting its entire heavy equipment fleet with Qualcomm's GlobalTRACS equipment management solution. The GlobalTRACS solution collects critical operational data that improves asset utilization and operational efficiency, and helps prevent unauthorized use and theft of critical equipment.
“We chose to implement GlobalTRACS on our fleet of heavy equipment in part because of its advanced theft prevention capabilities,” said Dean Walker, managing member of Spirit Underground. “In fact, just four months after installing the technology we were able to recover both a stolen backhoe and a loader, and have them back at the job site that same day. With the GlobalTRACS system, we experienced a return on investment in a period of 24 hours.”
Qualcomm's GlobalTRACS solution has several features to enhance the security of construction equipment, including automatic GPS positioning, street-level location mapping and virtual security fence configuration. These all represent valuable tools to contractors who must track expensive resources in multiple locations and require constant up-to-the-minute updates. In addition, GlobalTRACS provides critical engine-use data that helps contractors monitor labor productivity, identify underutilized equipment, distribute resources more efficiently and develop a maintenance program based on actual usage.
“Qualcomm is pleased to be working with Spirit Underground to help in the effective management of the company's assets,” said Larry Cleary, senior director of construction equipment operations for Qualcomm Wireless Business Solutions. “By integrating the GlobalTRACS solution with its existing equipment, Spirit Underground will be able to distribute equipment to job sites more efficiently, as well as maximize utilization and improve labor management.”
The GlobalTRACS solution has ruggedized hardware, state-of-the-art network services and extensive data integration capabilities. It collects, manages and transmits equipment operating status and location data, all easily accessible through a Web-based application or integrated into existing back-end business software systems. Qualcomm's Network Management Center, one of the world's largest and most reliable wireless data networks, provides wireless service and monitoring support for all GlobalTRACS-enabled equipment and 24-hour customer service.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.