Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and Lenovo Mobile Communications Technology, Ltd., a subsidiary of Lenovo Group (HKSE: 992) (ADR: LNVGY), today announced that the companies have entered into a subscriber unit license agreement to cover WCDMA subscriber products. Under the terms of the worldwide royalty-bearing agreement, Qualcomm has granted Lenovo Mobile a patent license to develop, manufacture and sell WCDMA subscriber units for high-speed broadband wireless access. The royalties payable by Lenovo Mobile are at Qualcomm's standard worldwide rates. Additionally, the two companies intend to cooperate in the development of certain subscriber unit products incorporating CDMA technology.
“Qualcomm is pleased to add Lenovo Mobile Communications Technology, a leading Chinese mobile supplier, to its expanding roster of WCDMA licensees,” said Marvin Blecker, president of Qualcomm Technology Licensing. “Lenovo Mobile's initiative in adding WCDMA products to its portfolio is a testament to their cutting-edge product design strategies and commitment to meeting the current and future mobile connectivity needs of consumers.”
“The 3G era will benefit customers worldwide,” said Zhao Hong, general manager of Product Department of Lenovo Mobile Communications Technology, Ltd. “We believe this license agreement with Qualcomm, the leader of CDMA technologies, will help us deliver the best mobile-product experience possible, while enabling Lenovo to offer new and more flexible products to fulfill consumers' diverse connectivity needs.”
Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building the world's best engineered personal computers. Lenovo's business model is built on innovation, operational efficiency and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable high-quality, secure and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information, see www.lenovo.com.
Lenovo Mobile Communication Technology, Ltd. (www.lenovomobile.com), a subsidiary of Lenovo Group, is a well known player in the Chinese mobile phone industry that specializes in the R&D, production and marketing of mobile phones. Lenovo Mobile is dedicated to bringing end users the best mobile phones with state-of-the-art technology that will satisfy their needs for value-added services and allow them to communicate anywhere, anytime.
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 2007 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 WCDMA components on a timely and profitable basis, the extent and speed to which WCDMA 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 24, 2006, and most recent Form 10-Q.