Qualcomm Incorporated (Nasdaq: QCOM), the leading provider of wireless data solutions, today announced that Swift Transportation has extended its contract with Qualcomm for the Company's OmniTRACS fleet management solution. Swift uses the OmniTRACS' wireless communication and satellite positioning tools to optimize the productivity and safety of its drivers, enhancing customer service and increasing security.
“The renewal of this business relationship is a testament to the positive effects Qualcomm's fleet management solutions have had on Swift Transportation's overall business strategy,” said Jerry Moyes, chairman and chief executive officer, Swift Transportation. “We look forward to working closely with Qualcomm to improve upon the already impressive safety performance of our fleet drivers, who are responsible for Swift's industry-leading 98.9 percent on-time rate.”
“We are pleased with Swift's decision to extend their contract for Qualcomm's groundbreaking OmniTRACS solution,” said Chris Wolfe, president of Qualcomm Wireless Business Solutions. “Swift is a valuable customer and partner to Qualcomm and we look forward to working with Swift as we continue to bring new innovations to the industry.”
Swift is the holding company for Swift Transportation Co. Inc., a truckload carrier headquartered in Phoenix. Swift's trucking subsidiary operates the largest fleet of truckload carrier equipment in the United States with regional operations throughout the continental United States and Mexico.
Qualcomm has helped the transportation industry become more efficient since 1988 when the introduction of the OmniTRACS mobile communications solution provided transportation companies with an innovative and effective way of managing logistics. Today 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 OmniTRACS 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.