Aug 5, 2008SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and Shanghai HuaQin Telecom Technology Co. Ltd. (HuaQin), today announced that they have entered into a subscriber unit license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted HuaQin a worldwide license under its patent portfolio to develop, manufacture and sell CDMA2000® subscriber units and modem cards (including Printed Circuit Board (PCB) Assemblies for sale to other device suppliers). The royalties payable by HuaQin are at Qualcomm's standard rates.
“The development of the CDMA wireless industry in China is providing a great deal of growth opportunities to local companies and operators,” said Marvin Blecker, president of Qualcomm Technology Licensing. “This license agreement with HuaQin, a Chinese company founded in June 2005 and dedicated to research and development of telecom products, will enable them to introduce advanced 3G CDMA2000 products into the growing CDMA market in China, thereby fulfilling HuaQin's goal of offering the most efficient, high-quality phones to their customers.”
“HuaQin is excited by the opportunities made available by Qualcomm's 3G CDMA technology and will apply our resources to quickly begin offering advanced 3G CDMA2000 products to our customers,” said Wensheng Qiu, president of HuaQin. “The license from Qualcomm, a company known for its continuous innovation and support for the wireless industry, will allow us to offer our customers devices with increased capabilities and high data rates while bringing down consumer prices.”
Shanghai HuaQin Telecom technology Co. Ltd, a high technology company, specializes in researching and developing mobile ultimate products. HuaQin provide its clients with leading products and technology and offers them the most efficient service with high quality.
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 100 Index, 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.