|Qualcomm enters into CDMA Subscriber Unit License and Technology Transfer Agreement with TCL Holdings Co.|
Posted: 20-Nov-2001 [Source: Qualcomm press release]
[China's TLC Holdings Co. to build 3G phones for both versions of Qualcomm's CDMA standard.]
San Diego -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and TCL Holdings Co. Ltd., a large scale leading Chinese enterprise, today announced that they have signed a commercial subscriber unit license and technology transfer agreement. Under the terms of the worldwide, royalty-bearing license agreement, Qualcomm granted TCL Holdings a license under Qualcomm's CDMA patent portfolio to develop, manufacture and sell cdmaOne(r) and third-generation (3G) CDMA2000 1X/1xEV subscriber equipment. Additionally, TCL Holdings has entered into a multi-million dollar CDMA2000 1X design technology transfer agreement for Qualcomm's development and design of CDMA2000 1X subscriber unit equipment.
"Qualcomm is pleased to welcome TCL Holdings, as they are the first company in China to sign a 3G CDMA2000 1X handset design transfer agreement with Qualcomm. TCL Holdings' strong leadership position and technical expertise will allow them to contribute significantly to the growth of the CDMA market," said Paul Jacobs, group president of Qualcomm Wireless and Internet Group. "We look forward to providing technical assistance to support TCL Holdings' efforts in deploying and rolling out cdmaOne and 3G wireless communications products for the China marketplace."
"TCL Holdings is glad to enter into a commercial subscriber unit license and design technology transfer agreement with Qualcomm, who is recognized as the world leader in CDMA technology products and solutions," said Dr. MingJian Wan, president of TCL Mobile Communications. "As a leading handset manufacturer among Chinese domestic players, TCL is committed to enhancing its CDMA product offerings and looks forward to working with Qualcomm to help promote and drive the worldwide adoption of CDMA. This agreement will allow us to accelerate the development of CDMA subscriber unit equipment and meet the growing demand for innovative, advanced, yet cost-effective wireless devices in China."
TCL Holdings Co., Ltd. (www.tcl.com), is a large scale leading enterprise and recognized as one of the most valuable brand names in China. TCL Holdings is currently engaged mainly in the electronic product business including home appliance, telecommunications, information technology and electrical components. The Company's major strength resides in the areas of dominating sales and distribution channels in China, a rich and innovative product portfolio, cost effective manufacturing and full commitment to R&D. Headquartered in HuiZhou, GuangDong China, TCL Holdings has two publicly traded companies under its brand in addition to many other business units. TCL International Holding Limited is publicly traded on the Hong Kong stock market under the ticker symbol 1070 and TCL Communication Equipment Co., limited is traded on the China ShenZhen Stock market under the ticker symbol 0542.
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