QUALCOMM and interWAVE Expand CDMA Infrastructure License Agreement
2003-04-09 07:30 ET - News Release
Also News Release (U-IWAV) INTERWAVE COMM INTL LTD
new.stockwatch.com
SAN DIEGO, April 9 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated , pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and interWAVE(R) Communications International, Ltd. , a pioneer in compact wireless voice communications systems, today announced that they have expanded the terms of their existing wireless enterprise licensing agreement to include a full worldwide CDMA infrastructure license agreement.
Under the terms of the multi-million dollar, royalty-bearing agreement, QUALCOMM has granted interWAVE a license under its CDMA patent portfolio to develop, manufacture and sell cdmaOne(TM) and CDMA2000(R) 1X/1xEV-DO infrastructure equipment.
"We are pleased to license interWAVE for the development of CDMA products and solutions to meet global market demand for advanced network equipment," said Marvin Blecker, senior vice president and general manager of technology licensing for QUALCOMM. "We look forward to interWAVE's valuable contributions in support of high-quality, high-speed voice and wireless data services."
"We believe this license agreement is of vital strategic importance for interWAVE as we expand our abilities to provide compact cellular infrastructure for the global CDMA marketplace," said Cal Hoagland, chief financial officer of interWAVE. "QUALCOMM is an industry established leader and we are pleased to expand our license agreement, as it allows us to offer CDMA2000 1X products to help continue the momentum of the rapidly growing 3G market."
interWAVE Communications International, Ltd. is a global provider of compact network solutions and services that offer innovative, cost-effective and scalable networks allowing operators to "reach the unreached." interWAVE solutions provide economical, distributed networks that minimize capital expenditures while accelerating customers' revenue generation. These solutions feature a product suite for the rapid and simple deployment of end-to-end compact cellular systems and broadband wireless data networks. interWAVE's highly portable, mobile cellular networks and broadband wireless solutions provide vital and reliable wireless communications capabilities for customers in over 50 countries. The Company's U.S. subsidiary is headquartered at 312 Constitution Drive, Menlo Park, California, and can be contacted at www.iwv.com or at (650) 838-2000.
QUALCOMM Incorporated ( qualcomm.com ) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2003 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, 2002, and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. cdmaOne is a trademark of the CDMA Development Group. All other trademarks are the property of their respective owners.
For further information, please contact: Christine Trimble, Corporate Public Relations, +1-858-651-3628, or fax, +1-858-651-5873, publicrelations@qualcomm.com, or Julie Cunningham, Investor Relations, +1-858-658-4224, or fax, +1-858-651-9303, jcunningham@qualcomm.com, both of QUALCOMM Incorporated; or Cal R. Hoagland, Chief Financial Officer of interWAVE Communications International, Ltd., +1-650-838-2033, choagland@iwv.com
QUALCOMM Incorporated; interWAVE Communications International, Ltd.
CONTACT: Christine Trimble, Corporate Public Relations, +1-858-651-3628,
or fax, +1-858-651-5873, publicrelations@qualcomm.com, or Julie Cunningham,
Investor Relations, +1-858-658-4224, or fax, +1-858-651-9303,
jcunningham@qualcomm.com, both of QUALCOMM Incorporated; or Cal R. Hoagland,
Chief Financial Officer of interWAVE Communications International, Ltd.,
+1-650-838-2033, choagland@iwv.com
Web site: iwv.com
qualcomm.com |
