Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that it has signed a CDMA2000® subscriber unit and modem card license agreement with DigiBee Microsystems Inc., a Delaware corporation. Under the terms of the worldwide, royalty-bearing agreement, Qualcomm has granted DigiBee Microsystems a patent license to develop, manufacture and sell CDMA2000 subscriber units and modem card products. DigiBee will initially focus on products for the Indian market. The royalties payable by DigiBee Microsystems are at Qualcomm's standard worldwide royalty rates.
“Qualcomm is pleased to license DigiBee Microsystems, a leading developer of software and semiconductors enabling multimedia communications, for the development, manufacture and sale of CDMA2000 subscriber units and modem cards,” said Marvin Blecker, president of Qualcomm Technology Licensing. “Qualcomm is committed to the growth of wireless applications in India by enabling its partners to provide consumers and enterprises with low cost, advanced 3G mobile services and devices. This license agreement will allow DigiBee Microsystems to introduce CDMA2000 products that support a rich array of high-speed broadband services and applications.”
“There is an increased demand for our business, which places DigiBee in a select group of global companies,” said Mr. Suresh Dholakia, president and CEO, DigiBee Microsystems Inc. “We are delighted to work with an industry leader like Qualcomm. With this license agreement, DigiBee is strategically positioned to provide new, highly customized, feature-rich products and bring CDMA2000 handset solutions to the various market segments that we intend to target. Millions of Indian consumers, especially in semi-urban and rural markets, can now look forward to a new suite of world-class, feature-rich mobile phones at highly affordable price points.”
By virtue of this license agreement, DigiBee will now be able to partner with leading carriers to launch attractive handset programs in sync with their customer acquisitions programs and network rollout plans.
DigiBee Microsystems, founded in 2004, is in the business of developing world class wireless products and solutions for emerging markets and next generation networks. DigiBee intends to cater to its target segments based on its local expertise and market understanding with 'value for money' GSM, CDMA and 3G products, starting from entry-level basic mono phones to advanced mobile devices that are localized and customized for the regional market requirements. DigiBee has offices in the U.S., China, Korea and India. DigiBee's office in the U.S. has a sales, marketing and customer support arm for mobile operators/MVNOs in North America. DigiBee's India offices in Bangalore and Chennai are engaged in product R&D, sales, marketing and support for the APAC region. DigiBee has a design center in Korea while its procurement & manufacturing offices are based in China. DigiBee Microsystems is privately held and is funded by Clearstone Venture Partners and SIDBI Venture Capital VC funds.
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 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 24, 2006, and most recent Form 10-Q.