Qualcomm and HuaQin Sign a CDMA2000 Subscriber Unit License Agreement
SAN DIEGO, Aug 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
Qualcomm Incorporated
(Nasdaq: QCOM), a leading developer and innovator of advanced wireless
technologies and data solutions, and Shanghai HuaQin Telecom Technology Co.
Ltd. (HuaQin), today announced that they have entered into a subscriber unit
license agreement. Under the terms of the royalty bearing agreement, Qualcomm
has granted HuaQin a worldwide license under its patent portfolio to develop,
manufacture and sell CDMA2000(R) subscriber units and modem cards (including
Printed Circuit Board (PCB) Assemblies for sale to other device suppliers).
The royalties payable by HuaQin are at Qualcomm's standard rates.
"The development of the CDMA wireless industry in China is providing a
great deal of growth opportunities to local companies and operators," said
Marvin Blecker, president of Qualcomm Technology Licensing. "This license
agreement with HuaQin, a Chinese company founded in June 2005 and dedicated to
research and development of telecom products, will enable them to introduce
advanced 3G CDMA2000 products into the growing CDMA market in China, thereby
fulfilling HuaQin's goal of offering the most efficient, high-quality phones
to their customers."
"HuaQin is excited by the opportunities made available by Qualcomm's 3G
CDMA technology and will apply our resources to quickly begin offering
advanced 3G CDMA2000 products to our customers," said Wensheng Qiu, president
of HuaQin. "The license from Qualcomm, a company known for its continuous
innovation and support for the wireless industry, will allow us to offer our
customers devices with increased capabilities and high data rates while
bringing down consumer prices."
Shanghai HuaQin Telecom technology Co. Ltd, a high technology company,
specializes in researching and developing mobile ultimate products. HuaQin
provide its clients with leading products and technology and offers them the
most efficient service with high quality.
Qualcomm Incorporated (http://www.qualcomm.com) 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(R) company traded on The Nasdaq Stock Market(R)
under the ticker symbol QCOM.
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 30, 2007, and most recent
Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. CDMA2000 is
a registered trademark of the Telecommunications Industry Association (TIA
USA). All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
HuaQin Contacts:
Wensheng Qiu
Phone: 86-21-61651266
Email: heshiying@huaqin.com
SOURCE Qualcomm Incorporated
http://www.qualcomm.com/