Hop-On Signs CDMA License Agreement With QUALCOMM
GARDEN GROVE, Calif., Oct. 23 /PRNewswire-FirstCall/ -- Hop-On (OTC: HPON), an innovative developer of disposable and fully recyclable cell phones, today announced that it has signed a CDMA subscriber unit license agreement with QUALCOMM Incorporated (Nasdaq: QCOM). Under the terms of the royalty-bearing agreement, QUALCOMM has granted Hop-On a worldwide license under QUALCOMM's CDMA technology and patents to develop, manufacture and sell cdmaOne(TM) and CDMA2000 1X/1xEV-DO subscriber equipment.
Peter Michaels, Chairman and CEO of Hop-On, commented, "QUALCOMM has an unmatched track record and global reputation for offering high-quality wireless solutions. This agreement is the latest validation of the global opportunity in front of Hop-On as we work to establish our disposable cell phone as an affordable, mass market communications solution."
"This license agreement allows Hop-On to develop innovative and unique mobile products that support the rapidly growing worldwide CDMA market," said Greg Cobb, vice president and assistant general manager of technology licensing for QUALCOMM. "We are always pleased to license entrepreneurial companies looking to expand the availability and variety of CDMA products in the marketplace." |
