SAN DIEGO / CRWEPRESSRELEASE / December 28, 2015 - Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a Chinese Patent License Agreement (CPLA) with QiKu Internet Network Scientific (Shenzhen) Co., Ltd (QiKu), a joint venture between Qihoo and Coolpad. Under the terms of the royalty bearing agreement, Qualcomm has granted QiKu a patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO), and 4G LTE (including “3-mode” GSM, TD-SCDMA and LTE-TDD) subscriber units for use in China. The royalties payable by QiKu are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Development and Reform Commission.
“QiKu is introducing a new range of smartphones that deliver the high performance consumers want with the security features and long battery life they need,” said Mr. Zhu Fanghao, president of QiKu. “As we launch our devices in China, this license from Qualcomm will enable us to compete and deliver a range of 3G and 4G products that blend top hardware with the finest software.”
“We are pleased to sign QiKu as a new licensee and to support their entry into China with 3G/4G smartphones,” said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing for Qualcomm Incorporated. “As a new brand, QiKu is poised to deliver on what consumers want: variety, performance and dependability.”
QiKu Internet Network Scientific (Shenzhen) Co., Ltd. is a leading Internet company in China, primarily providing products and services including smartphones, 360 Operating System and connected devices. Headquartered in Shenzhen, China and less than a year old, the company has already been recognized by the industry as among the top emerging Internet smart devices companies in China.
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 wholly-owned 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.
Source: Qualcomm Incorporated