Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, and SIM Technology Group (SIM Tech), a leading independent handset design company headquartered in China, today announced that the companies have entered into a commercial modem card license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted SIM Tech a worldwide license under its CDMA patent portfolio to develop, manufacture and sell certain 3G (including WCDMA) modem card products. The royalties payable by SIM Tech are at Qualcomm's standard rates.
"Qualcomm is pleased to license SIM Technology Group, a leader in handset design, for the development, manufacture and sale of modem card products," said Marvin Blecker, president of Qualcomm Technology Licensing. "SIM Tech will now be able to expand their product portfolio to include advanced 3G wireless solutions that enable users to be connected and mobile, giving them access to necessary applications wherever they may be."
"SIM Technology Group looks forward to working with Qualcomm, a recognized leader in WCDMA technology, to meet the growing demand for enhanced wireless data communications solutions," said Raymond Tsang, executive vice president and chief executive officer of SIM Technology Group. "This license agreement with Qualcomm will enable us to offer solutions that will keep business professionals connected on the go, increasing their productivity and allowing them to be more efficient."
SIM Technology Group is a leading independent handset design house in China with core business in design and development of high-performance multimedia mobile handsets. SIM Technology Group is headquartered in Hong Kong, with operational headquarters and an R&D center located in Shanghai. The Company's unique service mix is based on a highly focused and strategic vertical integration designed to help clients bring products to market more quickly and cost effectively. The Company is publicly traded on the Hong Kong Stock Exchange's Main Board [SEHK: 2000]. For more information, visit www.sim.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. 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 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 25, 2005, and most recent Form 10-Q.