Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of business-to-business wireless enterprise applications and services, and National Equipment Register (NER), the industry specialist in providing centralized heavy equipment registration databases and related services, today announced that the two companies are now working together to combat the growing challenges of equipment theft and recovery. This brings a combined, more comprehensive theft and recovery service to the construction and heavy equipment industries and is the first time the NER has aligned itself with a telematics and equipment management services provider such as Qualcomm. It also is the first time Qualcomm has aligned itself with a security- and recovery-services provider such as NER.
The combined service will include the GlobalTRACS® equipment management system and NER's program, which includes enrollment in the NER database, decals that help deter theft by indicating the equipment's identification information and communication channels to law enforcement investigators. NER's database often is checked by companies purchasing used equipment. The combined program compresses the time lapse between being alerted that a machine may be stolen and reporting a theft to the most appropriate law enforcement agency. This time-lapse reduction raises the likelihood of stolen equipment recovery and reduces the costs associated with theft for both owners and insurers.
“Qualcomm is committed to helping our customers address their business needs,” said Larry Cleary, vice president and general manager of construction equipment for Qualcomm Wireless Business Solutions. “By working together with NER, we can offer our customers not only the equipment management and theft recovery information they need to optimize their business operations, but also theft prevention, used equipment purchase services and invaluable relationships with law enforcement and the NER.”
The GlobalTRACS system collects, organizes and manages equipment use and location data, as well as critical system alerts, such as engine overheat. Information can be accessed via the Web or integrated into existing back-end business software systems. Companies using the GlobalTRACS system can easily spot unauthorized use, identify and re-deploy underutilized and idle equipment and create virtual boundaries with both entry and exit alerts.
Via a 24-hour hotline, NER provides law enforcement agencies, equipment owners and insurance companies with expert advice, as well as theft and ownership information. NER also coordinates a national education program that trains police officers about locating and interpreting equipment identification information and points out the common signs to watch for when investigating suspicious equipment.
“As the pioneer in our field, NER is excited to work with the leader in equipment management systems,” said David Shillingford, president of NER. “Qualcomm systems are a natural choice for business owners interested in optimizing their operations and stolen equipment recovery.”
Created in 1999, National Equipment Register (NER) manages a national database of heavy equipment thefts and ownership to help equipment owners, the insurance industry and law enforcement identify and recover stolen equipment. For more information about NER, please visit www.nerusa.com.
Qualcomm has helped the transportation industry become more efficient since 1988 when the Company introduced the OmniTRACS® mobile communication system to provide transportation companies with an innovative and effective way to manage fleet logistics. Today, Qualcomm is the industry's global leader in providing high-value wireless data platforms and services. Qualcomm has shipped more than 711,000 mobile systems to businesses in 39 countries on four continents. Processing more than 12.5 million data transactions daily, Qualcomm's Network Operations Centers are staffed by trained professionals 24 hours a day, 365 days a year.
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.
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 25, 2005, and most recent Form 10-Q.