Qualcomm Signs 3G/4G Chinese Patent License Agreement with Hisense
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SAN DIEGO, April 20, 2016 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a new 3G and 4G Chinese Patent License Agreement with Hisense Group Co., Ltd. (Hisense). Under the terms of the agreement, Qualcomm has granted Hisense a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO) and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) terminals for use in China. The royalties payable by Hisense are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission.
"Hisense is proud to bring innovative and exciting devices to its customers," said Hongxin Liu, CEO of Hisense. "Having access to the latest technologies from Qualcomm allows us to design powerful communication, entertainment and productivity devices for consumers across all demographics in China."
"As Qualcomm invents and shares its technologies, it's through license agreements like this one that these technologies come to life in consumer products," said Derek Aberle, president of Qualcomm Incorporated. "Hisense will continue to offer rich mobile experiences at accessible prices to consumers across China."
Hisense is one of the first state-level innovative enterprises and home of China's state-level pilot research and development centers. Hisense is the only enterprise who honoured "China Quality Award" twice. Hisense has a national technological center and two R&D institute: State Key Laboratory of Digital Multimedia Technology and Research Center of National Urban Road Transportation Equipment of Intelligent Engineering. Hisense has R&D centers in Qingdao, Shenzhen, Shunde, Beijing, the United States, and Europe. The scientific and highly efficient technology innovation system ensures that Hisense's technological innovation is always at the forefront comparing to our domestic counterparts. Hisense has two listed companies (Hisense Electric Co., Ltd. (600060) on the Shanghai Stock Exchange, and Hisense Kelon Electrical Holdings Company Ltd. (000921) on the Shenzhen and Hong Kong Stock Exchanges). Around the world, Hisense has production bases in South Africa, Algeria, Egypt, and sales offices in USA, Europe, Australia, Middle East, and Southeastern Asia. Hisense products are exported to over 130 countries and regions around the world. In 2014, Hisense sales revenue consists of 98 billion Yuan, ranking No.5 among China's Top 100 electronic information enterprises. Founded in 1969, Hisense has grown into a global electronic and information conglomerate. For more information, visit Hisense's website, Twitter and Facebook pages.
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.
Qualcomm Contacts:Pete Lancia, Corporate CommunicationsPhone: 1-858-845-5959Email: email@example.com
Warren Kneeshaw, Investor RelationsPhone: 1-858-658-4813Email: firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qualcomm-signs-3g4g-chinese-patent-license-agreement-with-hisense-300254212.html
SOURCE Qualcomm Incorporated
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