Qualcomm and LT Mobile sign CDMA subscriber unit license agreement

Qualcomm and LT Mobile Communication Co., Ltd have entered into a CDMA subscriber unit license agreement. Under the terms of the royalty bearing agreement, Qualcomm has granted LT Mobile a worldwide patent license to develop, manufacture and sell subscriber units implementing the CDMA2000 standard. The royalties payable by LT Mobile are at Qualcomm's standard worldwide rates.

"Qualcomm is pleased to include LT Mobile, a Chinese company, as a licensee of its patent portfolio," said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. "Licensing advanced wireless technologies promotes the success of our partners and enriches the lives of consumers globally. This agreement will enable LT Mobile to extend the benefits of high-speed, low-cost wireless products to its customers in China and worldwide."

"This agreement with Qualcomm provides LT Mobile (and its wholly owned subsidiary Shenzhen Tinno Mobile Technology Co., Ltd.) with the opportunity to expand into the CDMA2000 market and to offer our customers a more complete portfolio of products and services," said Tony Lin, president of LT Mobile. "We are excited about the opportunities made available through the implementation of CDMA2000 in our products and are dedicated to continue developing innovative products to accommodate our customers' needs."