Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and MYWAVE Electronics S.p.A. (MYWAVE), an Italian electronics company, today announced that they have entered into a module/modem card patent license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted MYWAVE a worldwide license to develop, manufacture and sell modem cards and modules implementing the WCDMA and/or TD-SCDMA standards. The royalties payable by MYWAVE are at Qualcomm's standard worldwide rates and are the same irrespective of which CDMA standard is implemented by the module or modem card.
“This license agreement with Italian electronics company MYWAVE demonstrates Qualcomm's commitment to enabling a dynamic and competitive mobile marketplace in Europe and throughout the rest of the world by continuing to grow its list of diverse licensees,” said Marvin Blecker, president of Qualcomm Technology Licensing. “MYWAVE will now add 3G CDMA capabilities to their current wireless product offerings, increasing the choices available to European consumers and businesses to stay connected no matter where they are.”
“This license agreement to Qualcomm's patented technologies, the key innovations driving 3G CDMA, provides MYWAVE with the ability to fulfill consumer demand for mobility and high-speed data access,” said Corrado Martuscelli, General Manager of MYWAVE. “Europe is experiencing rapid growth of 3G CDMA subscribers and as this growth continues in the region and worldwide, the addition of 3G modules and modem cards to our line of products will offer our customers more complete solutions to enable them to stay connected while on the go.”
MYWAVE Electronics S.p.A. is an Italian company focusing on the electronic industry. Through its Telecommunication Business Unit, MYWAVE designs, develops and provides 3G data terminals to major network operators mainly in the EMEA market. Furthermore, by way of its own R&D center and manufacturing facilities, MYWAVE provides ODM and EMS engineering services to the market.
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.