GlobeNewswire
2012-05-08
Qualcomm to Add 3GPP Band 41 to Its Existing 3G/4G Multi-
Mode, Multi-Band LTE Chipsets, Giving Global LTE FDD and LTE
TDD Operators Expanded Range of Device Options
SAN DIEGO and BELLEVUE, Wash., May 8, 2012 (GLOBE NEWSWIRE) -- Qualcomm
Incorporated (Nasdaq:QCOM) and Clearwire Corporation (Nasdaq:CLWR)
today announced that Qualcomm will add support for Clearwire's upcoming
LTE TDD network to its line of multi-mode LTE chipsets with the
inclusion of support for 3GPP's Band 41 (B41) radio frequency. This new
enhancement builds on Qualcomm's existing multi-mode, multi-band
support for LTE FDD, LTE TDD and major broadband wireless standards,
thus enabling OEMs to develop a wide variety of cost-effective, fully
harmonized LTE devices for networks around the world.
"The growth of LTE networks and services is closely tied to device
manufacturers' ability to develop and commercialize cost-efficient LTE
devices," said Steve Mollenkopf, president and chief operating officer,
Qualcomm. "By adding support for the B41 band to our LTE chipsets, in
combination with providing support for other LTE bands, Qualcomm is
enabling OEMs to design cost-competitive devices and offer them in
multiple geographies."
"We are pleased that Qualcomm will expand the size of the LTE ecosystem
by adding support for Clearwire's LTE frequency bands to their
chipsets. By working with Qualcomm, Clearwire will ensure that LTE TDD
and LTE FDD will work seamlessly together. This will bring significant
benefits to OEMs, network operators and consumers alike," said Erik
Prusch, president and CEO, Clearwire. "Qualcomm is a well-established
leader in mobile processor and modem solutions. Their Snapdragon
processors and Gobi modems are synonymous with fast, low-power mobile
computing and high-quality mobile broadband connectivity."
Qualcomm LTE chipsets supporting the B41 band in combination with other
LTE FDD/TDD bands are scheduled for commercial availability later this
year.
About Clearwire
Clearwire Corporation (Nasdaq:CLWR), through its operating
subsidiaries, is a leading provider of 4G wireless broadband services
offering services in areas of the U.S. where more than 130 million
people live. The company holds the deepest portfolio of wireless
spectrum available for data services in the U.S. Clearwire serves
retail customers through its own CLEAR(R) brand as well as through
wholesale relationships with some of the leading companies in the
retail, technology and telecommunications industries, including Sprint
and NetZero. The company is constructing a next-generation 4G LTE
Advanced-ready network to address the capacity needs of the market, and
is also working closely with the Global TDD-LTE Initiative and China
Mobile to further the TDD-LTE ecosystem. Clearwire is headquartered in
Bellevue, Wash. Additional information is available at
http://www.clearwire.com.
The Clearwire Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8493
About Qualcomm
Qualcomm Incorporated (Nasdaq:QCOM) is the world leader in 3G and
next-generation mobile technologies. For more than 25 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.
The Qualcomm logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12756
This release contains forward-looking statements which are based on
Clearwire management's current expectations and beliefs, as well as on
a number of assumptions concerning future events made with information
that is currently available. Forward-looking statements may include,
without limitation, Clearwire management's expectations regarding
future financial and operating performance and financial condition;
proposed transactions; network development and market launch plans;
strategic plans and objectives; industry conditions; the strength of
the balance sheet; and liquidity and financing needs. The words
"would," "may," "should," "estimate," "project," "forecast," "intend,"
"expect," "believe," "target," "designed," "plan" and similar
expressions are intended to identify forward-looking statements.
Readers are cautioned not to put undue reliance on such forward-looking
statements, which are not a guarantee of performance and are subject to
a number of uncertainties and other factors, many of which are outside
of Clearwire's control, which could cause actual results to differ
materially and adversely from such statements. For a detailed
description of the factors that could cause such a difference, please
refer to Clearwire's filings with the Securities and Exchange
Commission, including the information under the heading "Risk Factors"
in our Annual Report on Form 10-K filed on February 16, 2012 and our
Form 10-Q filed on April 27, 2012. Clearwire assumes no obligation to
update or supplement such forward-looking statements.
Except for the historical information contained herein, this news
release contains forward-looking statements that are subject to risks
and uncertainties, including Qualcomm's ability to successfully design
and have manufactured significant quantities of LTE components on a
timely and profitable basis, the extent and speed to which these
components are adopted and integrated into devices, change in economic
conditions of the various markets Qualcomm serves, as well as the other
risks detailed from time to time in Qualcomm's SEC reports, including
the report on Form 10-K for the year ended September 25, 2011, and most
recent Form 10-Q. Qualcomm undertakes no obligation to update, or
continue to provide information with respect to, any forward-looking
statement or risk factor, whether as a result of new information,
future events or otherwise.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other
trademarks are the property of their respective owners.
CONTACT: Qualcomm Contacts:
Tina Asmar, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Warren Kneeshaw, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Clearwire Contacts:
Susan Johnston, Corporate Communications
Phone: 1-425-216-7913
Email: susan.johnston@clearwire.com
Alice Ryder, Investor Relations
Phone: 1-425-636-5828
Email: alice.ryder@clearwire.com
Mike DiGioia, JLM Partners for Clearwire
Phone: 206-381-3600
Email: mike@jlmpartners.com