SAN DIEGO, July 31, 2016 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) and GuangDong OPPO Mobile Telecommunications Corp. Ltd. (OPPO) today announced that they have entered into a new 3G and 4G patent license agreement for China. Under the terms of the agreement, Qualcomm has granted OPPO a royalty bearing patent license to develop, manufacture and sell 3G (WCDMA and CDMA2000) and 4G, including 3-mode (LTE-TDD, TD-SCDMA and GSM) complete terminals. The royalties payable by OPPO are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission (NDRC).
"The art of technology is what inspires us to create the most beautiful devices inside and out that fit everyone's unique lifestyle," said Adler Feng, Director of Intellectual Property, OPPO. "This license agreement will allow us to have access to the most advanced technologies in the mobile industry and enable us to craft elegant devices with extraordinary experience for the consumers."
"Qualcomm is very pleased to sign a license agreement with OPPO," said Alex Rogers, senior vice president and general manager, Qualcomm Technology Licensing. "As an R&D engine for the industry, we are excited to see companies such as OPPO build on our patented technologies to drive further development and innovation and create compelling products. OPPO joins more than 100 other Chinese companies that have signed license agreements with Qualcomm that are consistent with terms of the rectification plan submitted by Qualcomm to the NDRC."
OPPO is a leading global technology brand dedicated to providing consumers across the Americas, Africa, Europe, Oceania, and Asia with pioneering products that never fail to inspire and excite. At OPPO, we design, manufacture, and promote our own products, combining innovative technology with unique design to ensure that our customers always receive the best.
Founded in 2004, OPPO quickly proved itself in the market thanks to its unrelenting attention to detail. Each OPPO product showcases a carefully selected array of attributes to specifically cater to users, merging impressive features with elegant designs. After entering the mobile phone market in 2008, OPPO quickly expanded into overseas markets a year later. OPPO mobile phones are currently available in over 20 markets and can be purchased online in more than 50 additional countries; the brand itself has already been registered in 140 countries as of late 2015.
But OPPO doesn't stop there. Driven by our passion for design and commitment to new technologies, OPPO has made a big impact in the audiovisual market by offering world-renowned, premium Blu-ray players in the United States and across Europe.
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 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.
Pete Lancia, Corporate Communications
Email: [email protected]
Warren Kneeshaw, Investor Relations
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SOURCE Qualcomm Incorporated