Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and Teleepoch, Ltd., a Chinese mobile solutions provider, today announced that they have entered into a subscriber unit license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Teleepoch a worldwide patent license to develop, manufacture and sell CDMA2000® subscriber units. The royalties payable by Teleepoch are at Qualcomm's standard rates.
“Qualcomm's business model of inclusion fosters both competition and choice and is successful because of our shared commitment to the success of our partners,” said Marvin Blecker, president of Qualcomm Technology Licensing. “We are pleased to sign this agreement with Teleepoch and continue to enable our partners to offer innovative, low-cost products and services to their customers.”
“Teleepoch looks forward to developing, manufacturing and selling 3G handsets that will deliver the advanced wireless capabilities that consumers in China and worldwide demand today,” said Dr. Chuan Wang, chairman of Teleepoch. “With this license agreement, Teleepoch will enable high-speed data services and feature-rich applications while increasing power efficiency and cost-effectiveness.”
Teleepoch Ltd. is a pioneer in providing convergent solutions and designs of CDMA, GSM, 3G, GPS and Mobile TV handsets, data devices as well as PDAs. The company is registered in Cayman Island with its principal office located in Shenzhen, China.
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.