Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, and CK Telecom (Heyuan) Limited, an ODM and OEM for wireless terminal products based in China, today announced that they have entered into a subscriber unit and modem card/module license agreement (including PCB assemblies). Under the terms of the royalty bearing agreement, Qualcomm has granted CK Telecom a worldwide patent license to develop, manufacture and sell WCDMA and TD-SCDMA subscriber units and modem cards/modules. The royalties payable by CK Telecom are at Qualcomm’s standard worldwide rates.
“CK Telecom has been playing a role in manufacturing, R&D, marketing and technical support services in the telecommunications industry since 2001,” said Derek Aberle, executive vice president of Qualcomm and president of Qualcomm Technology Licensing. “This agreement enables them to continue and expand their activities with a license to develop, manufacture and sell WCDMA and TD-SCDMA subscriber units, modem cards and modules.”
“Qualcomm is a leader in next-generation mobile broadband technologies,” said Roy Ho, CEO of CK Telecom (Heyuan) Limited. “We are pleased to enter into this licensing agreement with Qualcomm, which will serve to further strengthen CK Telecom’s competitive market position.”
CK Telecom (Heyuan) Limited is an OEM and ODM player for wireless terminal products based on mainland China. With its vertical integration, CK Telecom (Heyuan) Limited has been focusing on improving its manufacturing capabilities in various aspects. Meanwhile, CK Telecom (Heyuan) Limited also attaches importance to advanced mobile broadband technologies.
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 2010 FORTUNE 500® company. For more information, please visit Qualcomm around the Web:
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 27, 2009, and most recent Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
May 20, 2010
May 20, 2010