SAN JOSE, Calif., Oct. 10 CA-SiRF-Qualcomm
SAN JOSE, Calif., Oct. 10 /PRNewswire-FirstCall/ -- SiRF Technology
Holdings, Inc. (Nasdaq: SIRF), a leading provider of GPS-powered location
platforms, today announced that SiRF and Qualcomm Incorporated (Nasdaq: QCOM)
have signed a mutual Patent Non-Assertion Agreement covering each party's
patent portfolio.
"As an innovation driven company, we respect Qualcomm's vast intellectual
property portfolio," said Kanwar Chadha, founder of SiRF Technology. "We
believe that this agreement between leading innovators of AGPS enabled
location technology will help expand the market for location enabled products,
services and content, while enabling each of us to compete in the market place
based on product merits."
During the last 13 years, SiRF has built a patent portfolio in the
location technology field that includes more than 250 patents awarded
worldwide and more than 370 additional patent applications pending. SiRF's
patent portfolio also includes some of the early GPS patents that SiRF
acquired through its acquisition of Conexant's GPS business in 2003, and
Motorola's GPS assets in 2005.
About SiRF Technology
SiRF Technology Holdings, Inc. develops and markets location platforms
based on semiconductor and software products that are designed to enable
location-awareness utilizing GPS and other location technologies, enhanced by
wireless connectivity and multimedia capabilities for high-volume mobile
consumer devices and commercial applications. SiRF's technology has been
integrated into a wide range of mobile consumer devices such as automobile
navigation systems, portable navigation devices (PNDs), mobile phones, mobile
computers, GPS-based peripherals and handheld GPS devices, and into commercial
applications such as location servers, asset tracking devices and fleet
management systems. SiRF markets and sells its products in four target
platforms: wireless handheld devices such as mobile phones; automotive
electronics systems, including navigation and telematics systems; consumer
electronics products such as recreational GPS handhelds, mobile gaming
machines, digital cameras and wearable devices; and mobile computing systems,
including personal digital assistants, notebook computers, universal mobile
personal computers (UMPCs) and mobile internet devices. Founded in 1995, SiRF
is headquartered in San Jose, California, and has sales offices, design
centers and research facilities around the world. The company trades on the
NASDAQ Stock Exchange under the symbol SIRF. Additional information about SiRF
and its location technology solutions can be found at www.sirf.com.
Forward Looking Statements
Except for the historical information contained herein, the matters set
forth in this press release, including, but not limited to, our belief that
this agreement between leading innovators of AGPS enabled location technology
will help expand the market for location enabled products, services and
content, as well as enabling competition in the marketplace on product merits
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Words such as "to," "being," "possible," "may,"
"will," "addresses," "designed to," "expand," "provide," "believe," and
similar expressions are intended to identify forward-looking statements. These
statements are not guarantees and should not be considered as an indication of
future performance. Actual results could differ materially from those
discussed in these forward-looking statements as a result of risks and
uncertainties, including, among others, our ability to compete, our ability to
maintain our customer base, and the success of our business strategy. Risks
and uncertainties related to SiRF are discussed in the Company's Quarterly
Report on Form 10-Q for the quarter ended June 30, 2008 and from time to time
in SiRF's SEC reports. These forward-looking statements speak only as of the
date hereof. We do not undertake any obligation to update forward-looking
statements.
SOURCE SiRF Technology Holdings, Inc.
