SAN DIEGO, July 31, 2016 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) and GuangDong OPPO Mobile
Telecommunications Corp. Ltd. (OPPO) today announced that they have
entered into a new 3G and 4G patent license agreement for
China. Under the terms of the
agreement, Qualcomm has granted OPPO a royalty bearing patent
license to develop, manufacture and sell 3G (WCDMA and CDMA2000)
and 4G, including 3-mode (LTE-TDD, TD-SCDMA and GSM) complete
terminals. The royalties payable by OPPO are consistent with the
terms of the rectification plan submitted by Qualcomm to
China's National Development and
Reform Commission (NDRC).
"The art of technology is what inspires us to create the most
beautiful devices inside and out that fit everyone's unique
lifestyle," said Adler Feng,
Director of Intellectual Property, OPPO. "This license agreement
will allow us to have access to the most advanced technologies in
the mobile industry and enable us to craft elegant devices with
extraordinary experience for the consumers."
"Qualcomm is very pleased to sign a license agreement with
OPPO," said Alex Rogers, senior vice
president and general manager, Qualcomm Technology Licensing. "As
an R&D engine for the industry, we are excited to see companies
such as OPPO build on our patented technologies to drive further
development and innovation and create compelling products.
OPPO joins more than 100 other Chinese companies that have signed
license agreements with Qualcomm that are consistent with terms of
the rectification plan submitted by Qualcomm to the NDRC."
About OPPO
OPPO is a leading global technology
brand dedicated to providing consumers across the Americas,
Africa, Europe, Oceania, and Asia with pioneering products that never fail
to inspire and excite. At OPPO, we design, manufacture, and promote
our own products, combining innovative technology with unique
design to ensure that our customers always receive the best.
Founded in 2004, OPPO quickly proved itself in the market thanks
to its unrelenting attention to detail. Each OPPO product showcases
a carefully selected array of attributes to specifically cater to
users, merging impressive features with elegant designs. After
entering the mobile phone market in 2008, OPPO quickly expanded
into overseas markets a year later. OPPO mobile phones are
currently available in over 20 markets and can be purchased online
in more than 50 additional countries; the brand itself has already
been registered in 140 countries as of late 2015.
But OPPO doesn't stop there. Driven by our passion for design
and commitment to new technologies, OPPO has made a big impact in
the audiovisual market by offering world-renowned, premium Blu-ray
players in the United States and
across Europe.
About Qualcomm
Qualcomm Incorporated
(NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation
wireless technologies. Qualcomm Incorporated includes Qualcomm's
licensing business, QTL, and the vast majority of its patent
portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm
Incorporated, operates, along with its subsidiaries, substantially
all of Qualcomm's engineering, research and development functions,
and substantially all of its products and services businesses,
including its semiconductor business, QCT. For more than 30 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.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Warren Kneeshaw, Investor
Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/qualcomm-signs-3g4g-china-patent-license-agreement-with-oppo-300306679.html
SOURCE Qualcomm Incorporated