Penske Logistics Purchases 3,000 Additional OnmiTRACS Mobile Communications Systems
PR Newswire - March 31, 1998 07:36
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SAN DIEGO, March 31 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM)
announced that Reading, Pa.-based Penske Logistics has agreed to purchase an additional 3,000 OmniTRACS(R) satellite mobile communications systems by the end of calendar year 1998. This purchase will increase the total number of units in Penske's fleet to over 4,600.
Penske Logistics provides integrated logistics services to customers
throughout the United States, Mexico and Canada. "We selected QUALCOMM's
technology because of its robust messaging capabilities, reliable real-time
tracking and its ability to seamlessly integrate with our overall technology
initiatives," stated Mark Skoda, executive vice president for Penske
Logistics. "We intend to link this technology to our suite of supply chain
management services to provide in-transit inventory information which will
provide our clients with improved visibility of their order detail and
operating statistics on a daily basis."
"Our vision is to ensure end-to-end control of our clients' product,"
continued Skoda. "The OnmiTRACS system will allow Penske, together with our
clients, to provide superior customer service and unprecedented access to the
supply chain. We believe that with QUALCOMM's satellite communications
technology, Penske and its clients will enjoy leading-edge solutions and
continued competitive advantages."
"This is a significant announcement for QUALCOMM," stated Phil White, sr.
vice president and general manager of QUALCOMM's OmniTRACS division. "It is
notable not only because Penske nearly tripled its current unit commitment,
but because it clearly displays our ability to reach beyond the truckload
arena and enter into the field of effective logistics management. We are
pleased that Penske recognizes that the OmniTRACS system plays a valuable role
in its dedicated service offering by ensuring total control of its customers'
products."
With over 230,000 OmniTRACS units sold worldwide, QUALCOMM is the leader
in providing mobile communications and information management systems to the
transportation industry. QUALCOMM currently has systems operating in the
United States, Canada, Europe, Brazil, Mexico, Japan, Korea and Malaysia.
Headquartered in San Diego, QUALCOMM develops, manufactures, markets,
licenses and operates advanced communications systems and products based on
its proprietary digital wireless technologies. The Company's primary product
areas are the OmniTRACS products, CDMA wireless communications systems and
products and, in conjunction with others, the development of the
Globalstar(TM) low-earth-orbit (LEO) satellite communications system. Other
Company products include the Eudora Pro(R) electronic mail software, ASIC
products, and communications equipment and systems for government and
commercial customers worldwide. For more, information on QUALCOMM products
and technologies, pleased visit the Company's web site at
qualcomm.com.
Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks and
uncertainties, including timely product development, 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 28, 1997 and most recent Form
10-Q.
QUALCOMM, OmniTRACS and Eudora Pro are registered trademarks of QUALCOMM
Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services,
Incorporated.
SOURCE QUALCOMM Incorporated
/CONTACT: Susan Hind, OmniTRACS Marketing Communications, 619-658-5878,
Fax: 619-658-1578, e-mail: shind@qualcomm.com, or Christine Trimble, Corporate
Communications, 619-651-3628, Fax: 619-651-2590, e-mail:
ctrimble@qualcomm.com, or Julie Cunningham, Investor Relations, 619-658-4224,
Fax: 619-651-2590, e-mail: juliec@qualcomm.com, all of QUALCOMM Incorporated/
(QCOM) |
