Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of wireless data solutions, and U.S. Markets, Inc., a leading provider for the wholesale aerial work platform rental and sales industry, today jointly announced the signing of an agreement to install Qualcomm's GlobalTRACS equipment management solution on a significant portion of U.S. Markets' fleet. The GlobalTRACS solution provides construction equipment companies the information they need to improve asset utilization and operational efficiency, to help prevent loss due to theft of equipment, and to monitor machine health.
"Tracking and monitoring our equipment is an essential factor in our company's success and with GlobalTRACS we will improve productivity, increase machine uptime and extend equipment life," said Peter Mastro, general manager of U.S. Markets, Inc. "Our customers will benefit from reductions in unnecessary downtime and we will be able to manage our service contracts more efficiently, which directly translates into cost reductions and better customer service."
Designed to meet the demanding requirements of the construction equipment industry, the GlobalTRACS solution collects, manages and transmits equipment engine hours and location data, as well as remotely monitors critical machine health. This information can be accessed via the web or integrated into existing back-end business software systems. Qualcomm's Network Operations 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.
"U.S. Markets, Inc., is a leader in leasing aerial equipment to rental companies, and we are proud to be part of their customer solution," said Larry Cleary, general manager of construction equipment, Qualcomm Wireless Business Solutions. "We believe that outfitting their equipment with the GlobalTRACS solution will help them reduce equipment downtime, increase revenue and provide significant value to both U.S. Markets and their customers."
Located in Chicago, Illinois, U.S. Markets, Inc., is the nation's largest supplier of aerial lift equipment, renting and selling aerial lift equipment including telehandlers, Rough-Terrain and Slab Scissor Lifts, and Booms. For additional information on U.S. Markets' products, contact Peter Mastro by phone at (800) 232-8550 or by email at email@example.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 2005 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.