SAN DIEGO and AUSTIN, TX — June 8, 2010 — Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of integrated wireless systems and services to transportation, logistics and service fleet companies, and FreightWatch, the leading global logistics security solutions provider, today announced that the two companies will offer a covert freight tracking solution to Qualcomm customers. The service, which is available to carriers of high value and sensitive loads, will deliver an electronic freight security solution that uses covert tracking technologies to maintain a constant view of in-transit cargo from its point of origin to its destination. In addition to the asset management capabilities of Qualcomm’s mobile information systems, carriers will also be provided with the ability to track individual pallets or entire trailer loads covertly, assuring freight transportation companies increased visibility into the both location and status of their cargo.
FreightWatch offers the Geo F1 and Geo F2 location position devices, along with the proprietary FSNtracks online service, to deliver an enterprise-class, embedded cargo tracking application for the trucking industry. The Geo F1 and Geo F2 units are based on the inGeo™ Platform, which is developed and powered by Qualcomm’s CDMA Technologies division. The devices, which leverage Qualcomm’s gpsOne® position-location technology, are small enough to be hidden in hard to find locations, such as inside a freight pallet or beneath the undercarriage of a trailer. The FreightWatch Geo F1 and Geo F2 cargo trackers help combat theft by facilitating supply chain visibility, which can significantly reduce the risk of product theft, product loss and lost time-to-market, resulting in improved profitability and reduced investigative, recovery and insurance costs. Together with FreightWatch theft prevention and monitoring services, carriers will be provided with a unified view of covert freight tracking and security information, plus pro-active theft prevention and risk management services, supplying an additional layer of logistics security to customers of Qualcomm’s transportation services business.
“We are extremely pleased to be collaborating with FreightWatch to provide our customers’ with a solution to proactively address the estimated $25 billion worldwide cargo theft issue,” said Norm Ellis, vice president of sales, services and marketing for Qualcomm Enterprise Services. “Our customers can now benefit from FreightWatch’s proven theft prevention and recovery services and outstanding freight recovery record.”
“Joining forces with Qualcomm allows us to better meet the needs of key stakeholders across the supply chain,” said Barry Conlon, CEO of FreightWatch. “In addition to shippers, we can now offer our freight security solution to carriers of high-value loads, further reducing the risks and costs associated with cargo loss.”
FreightWatch (www.freightwatchintl.com) offers an array of customized logistics security solutions designed to prevent cargo theft at every point in the supply chain. FreightWatch services include electronic freight security, 24/7 monitoring, security escorts, cargo assessments and intelligence and end-to-end logistics security solutions. With these solutions, FreightWatch prevents logistics thefts and losses, ensures time-to-market and protects corporate brands, proactively preventing the loss of high-value, at-risk products through theft or damage.
About Qualcomm Enterprise Services
Since 1988, Qualcomm Enterprise Services has provided integrated wireless systems and services to transportation and logistics companies around the world. With more than 1.3 million mobile units shipped to businesses in 39 countries on four continents, Qualcomm Enterprise Services delivers the business insight these companies need in order to operate at peak performance and provide superior customer service. Backed by a global, 24/7, world-class technology infrastructure, Qualcomm Enterprise Services is positioned to meet and exceed the increasingly complex and business-critical needs of its more than 2,500 clients with superior customer care and professional services. For more information, please visit us at: www.qualcomm.com/qes.
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2010 FORTUNE 500® company.