Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of CDMA2000®, WCDMA and other advanced wireless technologies, and Longcheer Technology (BVI) Limited, a leading Chinese mobile handset designer and wholly owned subsidiary of Longcheer Holdings Limited, today announced that the companies have entered into a commercial WCDMA modem card license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Longcheer a worldwide license under its CDMA patent portfolio to develop, manufacture and sell 3G WCDMA modem cards. The royalties payable by Longcheer are at Qualcomm's standard worldwide rates.
“Qualcomm is pleased to enter into this license agreement with Longcheer, enabling another Chinese company to develop, manufacture and sell WCDMA modem cards to the worldwide market,” said Marvin Blecker, president of Qualcomm Technology Licensing. “Qualcomm's extensive licensing of companies such as Longcheer continues to increase the number of WCDMA device suppliers, driving down the prices of subscriber devices, increasing the availability of a wide choice of features and enabling the proliferation of WCDMA around the world. This license enables Longcheer to participate in this rapidly-growing market and to provide superior 3G wireless solutions to its customers.”
“Longcheer has seen an increased global demand for advanced 3G wireless data services,” said Dr. Du Junhong, chief executive officer of Longcheer. “With Qualcomm's support, we will be well positioned to develop WCDMA modem cards and gain rapid access into the booming 3G solutions market, meeting the need for enhanced wireless data communications solutions for end users who wish to connect anywhere, anytime.”
Based in Shanghai and listed on the Singapore Exchange Mainboard, Longcheer Holdings Limited is amongst China's top four mobile phone design solutions providers. The company offers a complete suite of hardware, software and product design solutions to major Chinese telecommunications companies. With current staff strength of more than 700, of which more than 60 percent are engaged in research and development, Longcheer has proven abilities to deliver innovative and cost-effective design solutions to its clients. The company has been named the 14th fastest growing technology company in China by Deloitte in 2005.
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 2006 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.