May 20, 2009SAN 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, products and services, and Gionee Communications Equipment Co., Ltd. (Gionee), a leading provider of mobile phone solutions to China's domestic market, 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 Gionee a worldwide patent license to develop, manufacture and sell subscriber units and module/modem cards implementing the CDMA2000®, WCDMA and/or TD-SCDMA standards. The royalties payable by Gionee are at Qualcomm's standard worldwide rates.
“As the world's largest market for mobile phones and other wireless devices, China has an opportunity to establish global leadership in handsets and equipment,” said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. “Each new Qualcomm licensee has the potential to further accelerate growth of the market by providing differentiated products and features. Gionee will now be well-positioned to support market demands with a full range of 3G handsets and modem cards.”
“The demand for 3G devices and the services they enable is growing rapidly in China and worldwide,” said Gaoxian Zhang, vice president of Gionee. “Gionee's expansion into this market is a reflection of the company's commitment to redefining mobility for our customers through superior products and services. We are pleased to enter into this patent license agreement with Qualcomm, a known leading innovator in the wireless industry and pioneer of 3G.”
Gionee Communications Equipment Co., Ltd. (Gionee) is a leading provider of mobile phone solutions, products and services to China's domestic market. Headquartered in Shenzhen, China, Gionee achieved the double license of manufacturing GSM and CDMA handsets in May, 2005. For more information, please visit www.gionee.net.
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.