Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, and Jiaxing Wingtech Communication Technology Co., Ltd. (Wingtech), a Chinese mobile terminals company, announced that they have entered into a subscriber unit and module/modem card (including PCB assemblies) patent license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted Wingtech a worldwide patent license to develop, manufacture and sell subscriber units, modules and modem cards (including PCB assemblies) implementing the CDMA2000® standard. The royalties payable by Wingtech are at Qualcomm's standard worldwide rates.
“Qualcomm is pleased to welcome another licensee as part of the fast growing China ecosystem for CDMA2000 subscriber devices,” said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. “Wingtech, a leading Chinese mobile company, will contribute to the growth of the global wireless market by developing, manufacturing and selling 3G CDMA handsets and module/modem cards.”
“This agreement with Qualcomm, a leading innovator in the wireless industry, provides Wingtech with the opportunity to expand into the 3G CDMA market and to offer our customers advanced technologies in demand in China and worldwide,” said Mr. Xuezheng Zhang. “As a leader in the industry, Wingtech is dedicated to research and development of innovative handset solutions and looks forward to developing, manufacturing and selling CDMA2000 products.”
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.