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Qualcomm and Lear Corporation Sign Commercial Wireless Electric Vehicle Charging License Agreement

Jul 26, 2016
SAN DIEGO

Qualcomm Incorporated (NASDAQ: QCOM) and Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today announced that they have entered into a Wireless Electric Vehicle Charging (WEVC) license agreement. Lear will be including Qualcomm Halo™ WEVC technology in its product portfolio to commercialize WEVC systems for Plug-In Hybrid (PHEV) and Electric Vehicles (EV) manufacturers, as well as wireless charging infrastructure companies. Under the terms of the agreement, Qualcomm has granted Lear a royalty bearing license to develop, make and supply WEVC systems based on Qualcomm Halo technology. Qualcomm Technologies, Inc. will provide technical expertise and engineering support.

Qualcomm and Lear are collaborating on multiple WEVC production programs across multiple car companies. “Lear is a leading, global, tier-one supplier of high power charging systems and related electronic components to the automotive industry. It is ideally positioned to develop a broad portfolio of WEVC systems, including multi-coil, solenoid and circular systems that meet customer requirements”, said Steve Pazol, vice president and general manager, Wireless Charging, Qualcomm Incorporated. “We are excited to be working closely with Lear as they commercialize Qualcomm Halo technology to bring WEVC charging into production.”

“As a supplier to every major automaker in the world and with our global Centers of Excellence dedicated to research and development, we are very pleased to be working with a company of Qualcomm’s stature and record of innovation,” said Frank Orsini, senior vice president and president, Lear Electrical. “With our success in EV and hybrid high power systems and proven program management capabilities we see wireless charging as a new opportunity to serve our customers in further developing their strategies for EVs in existing and new vehicle segments.”

Qualcomm is providing Lear with a comprehensive technology transfer package, aimed to enhance their ability to develop commercially and technically viable WEVC systems and to support the future design of improved WEVC systems.

More information can be found at www.qualcommhalo.com

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

About Lear Corporation

Lear Corporation (NYSE: LEA) is one of the world's leading suppliers of automotive seating and electrical distribution systems. Lear serves every major automaker in the world, and Lear content can be found on more than 350 vehicle nameplates.  Lear's world-class products are designed, engineered and manufactured by a diverse team of approximately 136,000 employees located in 36 countries.  Lear currently ranks #154 on the Fortune 500.  Lear's headquarters are in Southfield, Michigan.  Further information about Lear is available at http://www.lear.com or follow us on Twitter @LearCorporation.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm, Qualcomm Dragonwing and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Qualcomm and Qualcomm Halo are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Qualcomm Halo WEVC technology is licensed by Qualcomm Incorporated.

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Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our leading-edge AI, high performance, low-power computing, and unrivaled connectivity deliver proven solutions that transform major industries. At Qualcomm, we are engineering human progress.

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Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

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References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

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