Mio and Qualcomm Announce Collaboration to Develop Connected Personal Navigation Devices

Published: Jan 30th, 2008 | Author: Roman

Mio’s new connected PNDs will be based on the QST1100 chipset from Qualcomm, the first solution to integrate application processing, GPS and cellular connectivity for ubiquitous connectivity and sleeker form-factors. The QST1100 chipset leverages Qualcomm’s gpsOne® technology for unsurpassed GPS performance. The fully integrated gpsOne solution supports numerous modes of operation - including Assisted-GPS, Standalone-GPS and gpsOneXTRA™ Assistance technology for enhanced Standalone-GPS performance - and is the most widely deployed position-location solution in the world. Currently, more than 300 million devices around the world leverage gpsOne technology for accurate, ubiquitous positioning capabilities.

Mio Technology (www.mio.com) develops and markets products which enable users to take advantage of the latest developments in mobile services. The company was established in May 2002 and now has operations in Taiwan, mainland China, Europe, North America, Australia, Japan and South Korea. Mio Technology currently employees 1,200+ employees worldwide and sells and markets its products in over 47 countries and territories.

Mio Technology offers a wide array of mobile navigation products, which today includes car navigation systems, handheld navigation systems, PDA navigation systems and GPS PDA phones, all designed to enable people to explore and discover the world around them. Mio Technology is among the world’s top three vendors of mobile devices with integrated GPS.

Qualcomm Incorporated (www.qualcomm.com) 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 500 Index and is a 2007 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company’s ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, the extent to which personal navigation devices are adopted and the speed of such adoption, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended September 30, 2007, and most recent Form 10-Q.

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