SAN DIEGO and BELLEVUE, Wash., May 8, 2012 (GLOBE NEWSWIRE) -- Qualcomm Incorporated (Nasdaq:QCOM) and Clearwire Corporation (CLWR) (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.
Clearwire Corporation, 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® 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 .
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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.
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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: email@example.com Warren Kneeshaw, Investor Relations Phone: 1-858-658-4813 Email: firstname.lastname@example.org Clearwire Contacts: Susan Johnston, Corporate Communications Phone: 1-425-216-7913 Email: email@example.com Alice Ryder, Investor Relations Phone: 1-425-636-5828 Email: firstname.lastname@example.org Mike DiGioia, JLM Partners for Clearwire Phone: 206-381-3600 Email: email@example.com
Source: Clearwire Corporation; Qualcomm Incorporated 2012 GlobeNewswire, Inc.