Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, and Telit Communications S.p.A. (Telit), an international mobile communications specialist, today announced that the companies have entered into a commercial WCDMA modem card license agreement. The agreement affects the wireless solutions business unit of Telit. Under the terms of the royalty-bearing agreement, Qualcomm has granted Telit a worldwide license under its CDMA patent portfolio to develop, manufacture and sell 3G WCDMA modem cards. The royalties payable by Telit are at Qualcomm's standard worldwide rates.
“Qualcomm welcomes Telit, a prominent European supplier of cellular M2M technology and wireless products, as a licensee of our patent portfolio for the manufacture and sale of WCDMA modem cards and embedded modules,” said Marvin Blecker, president of Qualcomm Technology Licensing. “With 3G WCDMA, Telit can now offer high speed M2M wireless broadband data services to consumers and business professionals at anytime, anywhere they are.”
“There is an increased momentum toward WCDMA and a transition to 3G mobile services in Europe and worldwide,” said Yossi Moscovitz, CTO, Telit Communications PLC. “Telit is looking forward to expanding its product offering to include 3G WCDMA modem cards and to offer its customers advanced wireless communications solutions through our diverse product portfolio. The cooperation with Qualcomm is a further milestone on our way to implementing our global market strategy.”
Telit is an international mobile communications specialist. The wireless solutions business unit develops, produces and sells GSM/GPRS and CDMA modules for machine-to-machine communication (M2M). Telit sells its modules worldwide via sales offices in Asia, Denmark, France, Germany, Israel, Italy, Spain, the U.K. and the U.S. Telit's key target customers are system integrators who developing various vertical M2M applications and require the communication modules needed to do this. Depending on the application and the required depth of integration, customers can choose between the product ranges GT, GM, GE and GC.
Telit Communications S.p.A. is a fully owned subsidiary of Telit Communications plc. The company has been listed on the London stock exchange since 2005 on the Alternative Investment Market (AIM) (code: TCM).
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.