Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, and Shenzhen Sanmu Communication Technology Co., Ltd. (Sanmu), a mobile handset and terminal solution provider in Hong Kong, today announced that they have entered into a 3G subscriber unit and module/modem card (including PCB assemblies) license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted Sanmu a worldwide patent license to develop, manufacture and sell subscriber units and module/modem cards implementing the CDMA2000® and/or TD-SCDMA standards. The royalties payable by Sanmu are at Qualcomm's standard worldwide rates.
“Qualcomm promotes a dynamic marketplace in which its partners are able to utilize advanced technologies and innovative ideas to bring new and exciting products and services to wireless users,” said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. “The growing number of Qualcomm licensees like Sanmu who continue to enter and compete in the wireless market enables consumers to benefit from a broader choice of features, functions and applications in their wireless devices.”
“Sanmu is committed to maintaining a spirit of innovation and to bringing a full range of wireless products to our customers,” said Jason Zhang, president of Sanmu. “We are pleased to enter into this patent license agreement with leading wireless innovator Qualcomm, which will help to position us as a recognized provider in the wireless market.”
Sanmu Communication Holding Ltd. is a mobile handset and terminal solution provider in Hong Kong with its owned R&D centers and factory in Shenzhen, China. Established in 2003, the Company is committed to bring the consumer a full range of innovative CDMA related mobile handset products and striving to become one of the leading providers in CDMA industry.
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 2009 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.