Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and Exoteq Aps, a mobile broadband solutions developer based in Denmark, today announced the companies have signed a new, commercial OFDM/OFDMA license agreement. Under the terms of the worldwide, royalty-bearing agreement, Qualcomm has granted Exoteq a patent license to develop, manufacture and sell subscriber unit and modem card products for high-speed mobile broadband access based on OFDM/OFDMA technologies, including Qualcomm's FLASH-OFDM® technology. The royalties payable by Exoteq are at Qualcomm's standard OFDM/OFDMA rates.
“This OFDM/OFDMA agreement will enable Exoteq to enhance its mobile broadband capabilities by offering solutions that incorporate Qualcomm's patented OFDM/OFDMA technologies for multimedia content delivery to mobile handsets,” said Marv Blecker, president of Qualcomm Technology Licensing. “Qualcomm is pleased to work with Exoteq to enable new advanced mobile broadband devices in Finland initially, and eventually worldwide.”
“We are very pleased to now have access to Qualcomm's extremely valuable patent portfolio for OFDM/OFDMA technologies and its FLASH-OFDM system is one of the first truly mobile broadband technologies available,” said Mr. Ilkka Martikainen, founder and CEO of Exoteq. “We have chosen to develop our first products using this technology and provide our customers with high-speed, low latency devices at affordable prices. FLASH-OFDM has already been commercially deployed on such a scale that the market size is viable for us. With this agreement, we are able to offer mobile VoIP, broadband Internet, email, instant messaging and streaming video and music on demand through our first product, the Exoteq Meos mobile broadband handset.”
Exoteq Aps (www.exoteq.com), founded in 2005, is a technology company developing high quality mobile broadband solutions. Exoteq's first products are handheld mobile broadband devices. Exoteq is an international group with extensive experience in high-tech communication, entertainment and consumer products. Currently, the company is represented in Denmark, Hong Kong and the UK. Exoteq is privately owned by its directors and SEED Capital K/S.
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.
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