Mar 30, 2005SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced the appointment of an executive management team for the newly formed Qualcomm MEMS Technologies Inc., a wholly owned subsidiary of Qualcomm. The Company also announced a strategic relationship with Prime View International (PVI) that supports its strategy of rapidly increasing the capability of consumer-targeted mobile products while driving down these products’ cost, size and power consumption. QMT was formed following Qualcomm’s acquisition of Iridigm Display Corporation in September 2004.
Since Qualcomm’s acquisition of Iridigm, the company has selected a strong management team to lead their MEMS (Micro-Electro-Mechanical-Systems) business. Greg Heinzinger, senior vice president and general manager, will lead QMT. During his 10-year tenure at Qualcomm, Heinzinger has served as chief operating officer for Wingcast, president of QCP Inc. and led various groups within the company including the Technology Support Group, QCTest and Engineering Support Services. He also played a key role in starting up and developing Qualcomm’s Consumer Products Division where he led the engineering, quality, business operations and business systems organizations.
John Batey, vice president and assistant general manager, will help lead the group and will oversee QMT’s development facility in Campbell, Calif. Before joining Qualcomm, Batey was chief operating officer of Iridigm. Batey has more than 20 years of experience in the display industry. His technical specialty is transferring imaging process technology from R&D into large area production. He has held key positions in the flat panel display groups of both IBM and Xerox.
Kin Yuen Ng, vice president of operations, will lead QMT’s worldwide operations, currently located in Taiwan. Ng has more than eight years experience in the display business, specifically in the small panel display arena. Previous to joining Qualcomm, he was a part of the Iridigm executive team. Before joining Iridigm, Ng was vice president and business manager for Philips Mobile Display Systems, a leader in the cell phone display industry. He also worked for Hewlett-Packard Company in the components division, focusing his efforts on LEDs (light-emitting diodes) for display, communication and control applications.
“We are very pleased to have such a talented group of individuals form QMT’s management team,” said Paul Jacobs, chief executive officer-elect of Qualcomm. “This management team has the depth and experience to stay ahead of the changing mobile display market.”
Qualcomm today also announced that QMT has signed an agreement with Prime View International, a leading manufacturer of small- and medium-format thin-film transistor liquid-crystal display (TFT-LCD) modules. This strategic relationship is a critical step in the commercialization of QMT’s revolutionary iMoD™ display technology.
iMoD technology is a breakthrough in display technology that promises substantial performance and power consumption benefits over alternative display technologies. It delivers bright, reflective displays that can operate over an extended temperature range. iMoD displays can be viewed in bright sunlight and a much wider array of environments than displays based on competitive technologies. The significant reduction in power consumption has the potential to extend the battery life of a wide array of mobile products. PVI will play an important role in QMT’s supply chain, as a potential mass producer of iMoD displays.
“QMT selected PVI due to their expertise and specialization in small- and medium-format TFT displays. We are extremely pleased to work with PVI to bring iMoD displays to mainstream production,” said Greg Heinzinger, senior vice president and general manager of QMT.
PVI was established in Taiwan’s Hsinchu Science-based Industrial Park in 1992. PVI is a subsidiary of the Yuen Foong Yu Group, which recruited domestic and international technology professionals in thin-film transistor liquid-crystal display (TFT-LCD) in an effort to manufacture best-in-class TFT-LCD products. PVI began to construct Taiwan’s first TFT-LCD production facility in October 1994. Thanks to more than a decade of hard work, PVI is now Taiwan's only panel maker dedicated to small- and medium-sized panels, with a technology base and long-term partnerships that further underscore Taiwan’s TFT-LCD innovation.
Qualcomm MEMS Technologies Inc. was formed to take a leadership role in the development of display technology for the full range of consumer-targeted mobile products. Using advanced MEMS (Micro-Electro-Mechanical-Systems) technology, QMT’s products reflect Qualcomm’s overall strategy of rapidly increasing the capability of mobile devices while driving down cost, size and power consumption. QMT is headquartered in San Diego, Calif., with sites in Campbell, Calif., and Hsinchu, Taiwan.
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 Company’s ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is 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. ###