Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced that the Company has added support for Near Field Communication (NFC) technology to certain chipsets in its product portfolio. Qualcomm is helping accelerate the commercial availability of mobile handsets featuring the short-range technology and is engaged with leading NFC solutions providers to develop reference designs based on the Company's Mobile Station Modem™ (MSM™) chipsets. NFC technology is well suited for payment, mass transit, ticketing and other similar applications requiring a quick and secure contactless exchange of data between devices that are in close proximity to each other.
“NFC technology holds great potential for changing the way mobile devices are used,” said Mike Concannon, senior vice president of product management for Qualcomm CDMA Technologies. “As part of our ongoing commitment to deliver leading-edge technologies and value to our customers, we are now engaged with leaders in NFC technology to offer reference designs that have this next-generation functionality.”
NFC is a short-range wireless connectivity technology operating at 13.56 MHz and transferring data at up to 424 Kbps.
Qualcomm Incorporated (Nasdaq: QCOM) 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. For more information, please visit www.qualcomm.com.
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 28, 2008, and most recent Form 10-Q.