Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and PEIKER acustic GMBH & Co. KG (PEIKER), a leading supplier in the automotive and mobile communications sectors, today announced that they have entered into a CDMA2000® and WCDMA telematics module license agreement. Under the terms of the agreement, Qualcomm has granted PEIKER a worldwide license to develop, manufacture and sell CDMA2000 and WCDMA telematics modules. Royalties paid by PEIKER are at Qualcomm's standard worldwide rates.
“This license agreement with PEIKER is indicative of the diverse needs of consumers around the world and the value of Qualcomm's technologies across numerous industries,” said Marvin Blecker, president of Qualcomm Technology Licensing. “Qualcomm is pleased to enter into this agreement and to demonstrate the value of our patents in a growing industry such as telematics.”
“PEIKER's commitment to excellence and to foreseeing its customers' needs and expectations have led the company to sign a telematics module license agreement with Qualcomm, a leader in the telecommunications industry,” said Reinhard Kromer-von Baerle, senior executive vice president of Sales & Telematics, PEIKER acustic GmbH & Co. KG. “With Qualcomm's valuable patents in CDMA and WCDMA, PEIKER will now be able to fill its customers' worldwide need for advanced wireless solutions that facilitate the flow of information in new ways. This license agreement will allow us to enable our customers to integrate personal communication, safety and security, entertainment, computing and wireless data and information services in a car.”
Headquartered near Frankfurt, Germany and in Irving, Texas, PEIKER acustic (www.peiker.com) is one of the world's leading suppliers of a wide range of mobile communication accessories, including microphones, cellular hands-free car kits and telematic solutions. With technology advancing every day, PEIKER acustic has the capability to implement new technology and extend it even further with complete in-house design, manufacturing and assembly to produce consumer-ready products, meeting critical time-to-market deliveries. With 60 years of experience, PEIKER acustic's proven know-how and firm commitment to excellence permit PEIKER to be an ideal partner for product development,
manufacturing and marketing/sales.
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.