Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and BYD Company Ltd., a leading rechargeable battery manufacturer and provider of handset components, modules manufacturing and assembly services listed in Hong Kong (HKSE:HK.1211), today announced that they have entered into a subscriber unit license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted BYD a worldwide patent license to develop, manufacture and sell CDMA2000® subscriber units. The royalties payable by BYD are at Qualcomm's standard rates.
“Qualcomm is pleased to sign this 3G CDMA license agreement with BYD,” said Marvin Blecker, president of Qualcomm Technology Licensing. “As a leading provider of components and assembly services for handset manufacturers, BYD will now be able to offer further vertically integrated services by expanding its product offering and bringing mobile connectivity to its OEM customers. Qualcomm continues to expand the size and scope of its licensing business, thereby increasing both growth and competition within the wireless market.”
“BYD is excited to extend its product offering to include CDMA2000 handset solutions to its OEM customers in China and worldwide,” said He Tao, General Manager of BYD's ODM Division, BYD. “BYD's OEM customers will now be able to benefit from BYD's vertically integrated business model in the CDMA2000 sector. With this model combined with CDMA2000 subscriber unit license and technology support from Qualcomm, BYD can develop and manufacture handset products with a comprehensive feature set, optimal value, high quality and high reliability.”
BYD Company Limited is a global leading vertical integration manufacturer of handset component and assembly service provider with a diversified product of battery, plastic housing, metal housing, keypad, FPC, charger, LCD modules and handset camera modules etc. BYD also can provide EMS and ODM business for an enviable client list of international and domestic brand names. Headquartered in Shenzhen, China, BYD emphasizes in-house technology development and vertical integration to provide our customers the best value with lowest cost-structure.
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.