Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and AsiaTelco Technologies Holding Company Limited (AsiaTelco), a leading supplier of CDMA terminal products, today announced they have entered into a subscriber unit and modem card license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted AsiaTelco a worldwide patent license to develop, manufacture and sell subscriber units and modem cards implementing the CDMA2000®, WCDMA and TD-SCDMA standards. The royalties payable by AsiaTelco are at Qualcomm's standard worldwide rates and are the same irrespective of the CDMA standard implemented by the subscriber unit or modem card.
“Qualcomm is committed to helping advance the convergence of mobile communications and consumer electronics,” said Marvin Blecker, president of Qualcomm Technology Licensing. “AsiaTelco's license will enable the company to expand its existing offerings to include all 3G CDMA standards and to join market leaders in driving down handset prices and increasing wireless capabilities.”
“We are pleased to sign this 3G CDMA license agreement with Qualcomm,” said Jason Ding, CEO and president of AsiaTelco. “The growth of 3G subscribers around the world and the increasing number of operators launching 3G networks demonstrate the strength of the technology. AsiaTelco looks forward to expanding in this market and enabling new ways for people to stay connected.”
Asiatelco Technologies (www.asiatelco.com) is one of the leaders in developing and supplying low-cost and feature-rich CDMA terminal products and modem cards. The company has its operations in BVI, Shanghai and Hong Kong. With many years of experience in CDMA technologies, the company has been well-positioned in the field and its products have been well accepted worldwide.
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 2008 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 30, 2007, and most recent Form 10-Q.