Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and China Zhenhua (Group) Science & Technology Co., Ltd. (Zhenhua), today announced they have entered into a subscriber unit license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted Zhenhua a worldwide license under its patent portfolio to develop, manufacture and sell CDMA2000® subscriber units. The royalties payable by Zhenhua are at Qualcomm's standard rates.
“Qualcomm and its worldwide partners are transforming the way people interact with the world around them,” said Marvin Blecker, president of Qualcomm Technology Licensing. “This license agreement will enable Zhenhua to develop, manufacture and sell 3G CDMA2000 devices, helping to make next-generation wireless technologies and solutions more personal, affordable and accessible to people everywhere.”
“Zhenhua is pleased to expand its product portfolio with a new license from Qualcomm,” said Xianmin Fu, vice-general manager of Zhenhua. “We are excited to continue to grow within a dynamic and competitive mobile marketplace where advanced devices, applications and services are delivering more capabilities to more people than ever before.”
China Zhenhua (Group) Science & Technology Co., Ltd. (www.czst.com.cn) has been traded on The Shenzhen Stock Market since July 2007. The company manufactures digital wireless communications terminal (CDMA and GSM mobile phone and other devices) and new electronic parts. It is headquartered in Guiyang, Guizhou Province.
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.
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