QUALCOMM and Mitsubishi Electric Corp. sign multi-million dollar CDMA license agreement

Business Wire, March 7, 1995

SAN DIEGO--(BUSINESS WIRE)--March 7, 1995--QUALCOMM Inc. (NASDAQ:QCOM) Tuesday announced that it has signed a multi-million dollar worldwide, royalty-bearing license agreement with Mitsubishi Electric Corp. of Japan.

This license builds on the support agreement that Mitsubishi signed in 1992, and allows the company to use QUALCOMM's Code Division Multiple Access (CDMA) technology to manufacture and sell CDMA subscriber equipment, including mobile and portable telephones for cellular and Personal Communications Services (PCS).

"Since 1992, Mitsubishi Electric Corp. has carefully studied the cellular and emerging PCS markets and the digital technologies available to serve each of these markets," said Michio Nakanishi, general manager of Mitsubishi's Mobile Communication Business Center and deputy general manager of Communication Equipment Works.

"We believe that QUALCOMM's CDMA technology will be deployed in major portions of these markets throughout the world, and by signing this license agreement with QUALCOMM, we are fully committed to participating in the CDMA market as a CDMA equipment supplier."

"QUALCOMM welcomes Mitsubishi Electric Corp. to the growing list of prominent CDMA equipment licensees," said Harvey White, president of QUALCOMM. "These licensees are actively working to provide the marketplace with competitively priced wireless CDMA products."

Currently, the list of CDMA equipment licensees includes AT&T, Alps, Advantest, Goldstar, Hewlett-Packard, Hyundai, IFR Systems, Matsushita, Maxon, Mitsubishi, Motorola, NEC Corp., Nokia Mobile, Northern Telecom, Oki Electric, Rohde & Schwarz, Safco, Samsung, Schlumberger, and QUALCOMM Personal Electronics, a joint venture with Sony.

With headquarters in Tokyo, Japan, Mitsubishi Electric is a world leader in the manufacture and marketing of electrical and electronic products.

The company's business areas range from power and industrial systems, living environmental systems, factory automation systems, automotive equipments, public use and building systems to audiovisual and information systems, semiconductors, and information and communication systems.

The company has a long experience in business of wireless communication systems and products in the world. The company has been marketing cellular telephones since 1983, and manufacturing the product in Braselton, Ga., U.S.A. since 1986.

With headquarters 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 system (a geostationary satellite-based, mobile communications system providing two-way data and position-reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the GLOBALSTAR low-earth-orbit (LEO) satellite communications system.

Other company products include the Eudora by QUALCOMM electronic mail software, VLSI components and communications equipment. -0-

NOTE TO EDITORS: OmniTRACS is a registered trademark of QUALCOMM Inc. GLOBALSTAR is a trademark of Globalstar L.P. Eudora is a registered trademark of the University of Illinois licensed to QUALCOMM Inc.

CONTACT: QUALCOMM Inc., San Diego

Julie Cunningham, 619/658-4224