Qualcomm and Tianyu Sign 3G/4G Chinese Patent License Agreement
Dec 29, 2015, 07:30 ET
SAN DIEGO, Dec. 29, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) and Beijing Tianyu Communication Equipment Co., Ltd. (Tianyu), today announced that they have entered into a new 3G and 4G Chinese patent license agreement. Under the terms of the agreement, Qualcomm has granted Tianyu a royalty-bearing patent license to manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO), and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) subscriber units for use in China. The royalties payable by Tianyu are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Reform and Development Commission.
"Qualcomm is pleased to support the growth of Chinese companies such as Tianyu as part of our long-term collaboration with China's mobile industry," said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing for Qualcomm Incorporated. "This new agreement enables Tianyu to develop, manufacture and sell 3G and 4G devices, greatly enhancing their competitive position in the wireless landscape."
"Tianyu recognizes Qualcomm as a global technology leader and innovator, and respects the value of the license we have obtained to Qualcomm's Chinese wireless IPRs," said Madam Rong Xiuli, CEO of Tianyu. "We are pleased to sign this license agreement because it provides us with the opportunity to improve and expand our product offerings in China and certain overseas markets, empowering our users with greater access to advanced wireless services and information."
Founded in April 2002 in Beijing, China, K-Touch has an excellent R&D team, world-class R&D labs, and comprehensive R&D capabilities in mainboard design, industrial design, structural design, software/hardware design and handset testing. K-Touch has a global marketing network, and provides global users with superior mobile experiences in more than 50 countries and regions in Asia, Africa and Europe. K-Touch also has China's largest after-sales service system; the network of more than 700 authorized after-sales service stores, covering all the Tier 1, 2 and 3 cities as well as some key Tier 4 cities across China, enables seamless connection from maintenance depots to service stores by offering efficient technical support and device supply. For more information about K-Touch, please visit http://www.k-touch.cn.
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
Tina Asmar, Corporate Communications
Email: [email protected]
Warren Kneeshaw, Investor Relations
Email: [email protected]
SOURCE Qualcomm Incorporated
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