- Companies' Strategic Relationship Brings Together Mio's Expertise in Personal Navigation with Qualcomm's Wireless Technology Leadership -
TAIPEI, Taiwan and SAN DIEGO, Jan. 30 / / -- Mio Technology Corporation, a leading maker of mobile GPS devices, and Qualcomm Incorporated (NASDAQ:QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, today announced a collaboration to develop connected personal navigation devices (PNDs). These new connected PNDs will leverage Qualcomm's technology with the QST1100(TM) chipset to deliver industry-leading GPS performance and cellular connectivity for real-time traffic updates, voice call capabilities and more.
"Qualcomm's legacy of wireless communications brings new possibilities to consumer devices, and we are very excited about our relationship with Mio that will bring integrated cellular connectivity, GPS and application processing to PNDs," said Luis Pineda, senior vice president of marketing and product management for Qualcomm CDMA Technologies. "Our technology, coupled with Mio's extensive device design expertise, will usher in a new generation of connected consumer devices aimed at propelling the industry toward the next level of functionality."
"Personal navigation devices have been growing dramatically in popularity, and Mio is proud to be one of the first companies to offer the connectivity of cellular networks to PND users, making information access seamless and reliable," said Samuel Wang, president of Mio Technology Corporation. "We are happy to be working with Qualcomm to introduce a new family of PND devices that will allow people to explore more."
With this new collaboration, Mio looks to offer consumers a next-generation GPS device that goes beyond traditional point-to-point navigation. With real-time content, search capabilities and more, Mio's connected PNDs will provide a uniquely dynamic navigation experience that can be customized for any lifestyle. Whether for leisure travel, business travel or the daily commute, Mio's cutting-edge connected PNDs will enable people to explore their environment.
Mio's new connected PNDs will be based on the QST1100 chipset from Qualcomm, the first solution to integrate application processing, GPS and cellular connectivity for ubiquitous connectivity and sleeker form-factors. The QST1100 chipset leverages Qualcomm's gpsOne(R) technology for unsurpassed GPS performance. The fully integrated gpsOne solution supports numerous modes of operation -- including Assisted-GPS, Standalone-GPS and gpsOneXTRA(TM) Assistance technology for enhanced Standalone-GPS performance -- and is the most widely deployed position-location solution in the world. Currently, more than 300 million devices around the world leverage gpsOne technology for accurate, ubiquitous positioning capabilities.
Mio Technology (www.mio.com) develops and markets products which enable users to take advantage of the latest developments in mobile services. The company was established in May 2002 and now has operations in Taiwan, mainland China, Europe, North America, Australia, Japan and South Korea. Mio Technology currently employees 1,200+ employees worldwide and sells and markets its products in over 47 countries and territories.
Mio Technology offers a wide array of mobile navigation products, which today includes car navigation systems, handheld navigation systems, PDA navigation systems and GPS PDA phones, all designed to enable people to explore and discover the world around them. Mio Technology is among the world's top three vendors of mobile devices with integrated GPS.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2007 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, the extent to which personal navigation devices are adopted and the speed of such adoption, 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, 2007, and most recent Form 10-Q.
Source: Qualcomm Incorporated
CONTACT: Crystal Lee of Mio Technology, +886-2-2627-1188, ext. 5854, email@example.com; or Kira Lee Golin, Qualcomm CDMA Technologies,
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+Corporate Communications, +1-858-845-5959, email@example.com, or John Gilbert, Investor Relations, +1-858-658-4813, firstname.lastname@example.org, all of Qualcomm Incorporated
Web site: http://www.qualcomm.com/