The royalties payable by Wingtech are at Qualcomm's standard worldwide rates
"Qualcomm is pleased to welcome another licensee as part of the fast growing China ecosystem for CDMA2000 subscriber devices," said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. "Wingtech, a leading Chinese mobile company, will contribute to the growth of the global wireless market by developing, manufacturing and selling 3G CDMA handsets and module/modem cards."
"This agreement with Qualcomm, a leading innovator in the wireless industry, provides Wingtech with the opportunity to expand into the 3G CDMA market and to offer our customers advanced technologies in demand in China and worldwide," said Mr. Xuezheng Zhang. "As a leader in the industry, Wingtech is dedicated to research and development of innovative handset solutions and looks forward to developing, manufacturing and selling CDMA2000 products."
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