Qualcomm and Tianyu Sign 3G Subscriber Unit and Modem Card/Module License Agreement
(Nasdaq: QCOM), a leading developer and innovator of advanced wireless
technologies and data solutions, and Beijing Tianyu Communications Equipment
Co., Ltd. (Tianyu), a professional hi-tech company specializing in the R&D,
manufacturing and marketing of mobile phones, today announced that they have
entered into a subscriber unit and modem card/module license agreement
(including PCB assemblies). Under the terms of the royalty bearing agreement,
Qualcomm has granted Tianyu a worldwide patent license to develop, manufacture
and sell CDMA2000(R) and WCDMA subscriber units and modem cards/modules. The
royalties payable by Tianyu are at Qualcomm’s standard worldwide rates.
“The worldwide demand for 3G products continues to grow rapidly, driven by
increasing demand for mobile broadband services,” said
vice president and president of Qualcomm Technology Licensing. “With its
K-Touch brand, Tianyu will now be well-positioned to provide CDMA and WCDMA 3G
devices and continue its growth in Mainland China and internationally.”
“Tianyu has a reputation for high-quality, low-cost and stylish products,”
said Ms.
Qualcomm will enable us to develop, manufacture and sell our popular K-Touch
devices with the speed and capabilities of 3G. We look forward to deploying
Qualcomm’s technology to expand our position in the market with new products.”
Beijing Tianyu Communications Equipment Co., Ltd, founded in
is a professional high-tech company specializing in the R&D, manufacturing and
marketing of mobile phones. It is one of the manufacturing companies that
have obtained licenses issued by the National Development and Reform
Commission of P.R.C. to produce GSM/GPRS and CDMA handsets. There are about
600 people in its Beijing R&D center, including Ph.D. and Masters Degree
holders capable of conducting R&D throughout the development process starting
from mobile chipsets. Tianyu has a strong sales network with 57 subsidiary
offices and 653 authorized service centers and sales outlets across
Tianyu sold 17 million handsets in 2007 and has total sales of 30 million
handsets as of
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and
delivering innovative digital wireless communications products and services
based on CDMA and other advanced technologies. Headquartered in
Calif
2008 FORTUNE 500(R) company. For more information, please visit
http://www.qualcomm.com.
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
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:
Tina Asmar, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Tianyu Contact:
Kun Xu, Marketing
Phone: 010-68393746
Email: xu_kun@benephon.com
SOURCE Qualcomm Incorporated