Mar 23, 2006SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, and Inventec Appliances Corporation (IAC), a global leader in smart handheld devices and Internet appliance solutions, specializing in multimedia, broadband and wireless technology convergence, today announced that the companies have signed a new, commercial 3G CDMA subscriber unit and modem card license agreement. Under the terms of the worldwide, royalty-bearing agreement, Qualcomm has granted IAC a patent license to develop, manufacture and sell CDMA2000® and WCDMA subscriber units and modem card products. The royalties payable by IAC are at Qualcomm’s standard rates and are the same irrespective of the CDMA standard implemented by the subscriber unit or modem card product.
“Qualcomm is pleased to grant IAC a license to develop, manufacture and sell subscriber units and modem card products,” said Marvin Blecker, president of Qualcomm Technology Licensing. “The license agreement will allow IAC to participate in the rapidly-growing 3G market and provide superior value-added and innovative wireless solutions to its customers worldwide.”
“The escalating growth of subscriber unit shipments out of Taiwan is a testament to the strength of the industry in this region,” said Michael Chen, senior vice president of IAC. “We believe this license agreement from Qualcomm, the leader in CDMA technologies, will be a key factor in our continued success and will enable us to maintain our leadership in the wireless market.”
Inventec Appliances Corporation (IAC) is a global leader in smart handheld devices and Internet appliance solutions, specializing in multimedia, broadband and wireless technology convergence. With integrated engineering design and manufacturing capabilities, IAC is committed to provide world-renowned ODM customers innovative products and solutions to address the latest high-potential market trend – connected anytime and anywhere. Other than ODM business, IAC also markets its own brand OKWAP handsets in the Greater China market. Headquartered in Wugu Industrial Park, Taiwan, IAC is traded on the Taiwan Stock Exchange Market under the ticker symbol 3367.TW.
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.