Qualcomm and HuaQin Sign CDMA2000 Subscriber Unit License Agreement
(Business News & Technology News, 7 Aug 2008)
Qualcomm Inc. and Shanghai HuaQin Telecom Technology Co. Ltd (HuaQin) have entered into a subscriber unit license agreement, under which Qualcomm has granted HuaQin a worldwide license under its patent portfolio to develop, manufacture and sell CDMA2000 subscriber units and modem cards (including PCB assemblies for sale to other device suppliers). The royalties payable by HuaQin are at Qualcomm's standard rates.
"The development of the CDMA wireless industry in China is providing a great deal of growth opportunities to local companies and operators," says Marvin Blecker, President of Qualcomm Technology Licensing. "This license agreement with HuaQin will enable them to introduce advanced 3G CDMA2000 products into the growing CDMA market in China, thereby fulfilling HuaQin's goal of offering the most efficient, high-quality phones to their customers."
"HuaQin is excited by the opportunities made available by Qualcomm's 3G CDMA technology and will apply our resources to quickly begin offering advanced 3G CDMA2000 products to our customers," says Wensheng Qiu, {resident of HuaQin. "The license from Qualcomm will allow us to offer our customers devices with increased capabilities and high data rates while bringing down consumer prices."