Qualcomm Announces Finalists in QPrize Business Plan Competition

- Regional Companies Each Earn US$100,000 in Early-Stage Funding and Advance to Final Round of Competition -

SAN DIEGO, Oct. 5 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today unveiled its regional finalists in Qualcomm Ventures' QPrize(TM) international business plan competition. The four early-stage companies representing Europe/Israel, China, India and North America stood out among a pool of competitors to each receive US$100,000 in venture financing to grow their businesses. As finalists, the companies will now advance to the final round of competition to compete for the Grand Prize of an additional US$150,000 in funding. The QPrize Finals will take place at Qualcomm Ventures' CEO Summit, November 3, 2009 in San Diego.

In a series of regional QPrize competitions, business plans submitted by entrant companies were evaluated based on product innovation, financial viability and the strength of management teams. The four regional finalists were selected by diverse judging panels consisting of independent venture capitalists, QPrize sponsors and Qualcomm Ventures investment managers.

"Entrepreneurship is the engine driving new technical breakthroughs and business models that are transforming various industries through the use of mobile technologies," said Nagraj Kashyap, vice president of Qualcomm Ventures. "These four QPrize finalists are bringing new capabilities to market and show great potential to truly impact their competitive landscapes. We congratulate these companies on their achievements."

    -- Europe/Israel Region:
       -- Panoramic Power
          Panoramic Power has developed a family of wireless sensor products
          that give enterprise customers the ability to deploy Smart Grid
          technologies within their existing facilities.  The company's
          sensors accurately measure power consumption at the individual
          circuit level and are designed to be small, non-obtrusive and
          maintenance free.
          www.panpwr.com

    -- China Region:
       -- Cootek
          Cootek has developed TouchPal, an innovative user interface for
          touchscreen mobile devices that effectively makes typing easier and
          more accurate.  TouchPal utilizes a prediction engine that can
          contextually determine word sequences, greatly improving mobile
          search capabilities.  The company has licensed its TouchPal software
          to several carriers and handset manufacturers.
          www.cootek.com

    -- India Region:
       -- Capillary Technologies
          Capillary Technologies provides an end-to-end mobile CRM platform
          and mobile marketing services to a variety of retail companies in
          the Indian market. The company has successfully deployed its
          products in more than 400 stores in 75 cities throughout India.
          www.capillary.co.in

    -- North America Region:
       -- txt.eagle
          txt.eagle has developed a mobile crowd sourcing platform that
          enables mobile phone subscribers to earn small amounts of money or
          airtime by completing simple tasks for corporate clients.  The types
          of tasks range from translation and image tagging to market research
          surveys.  Most txt.eagle tasks are text-based and can be completed
          via SMS or WAP sessions.
          www.txteagle.com

The 2009 Qualcomm Ventures QPrize competition provides US$550,000 in total seed funding to help entrepreneurs transform their innovative business plans into reality. Additional details on regional finalists and the Grand Prize event is available at www.qprize2009.com.

About Qualcomm Ventures

Qualcomm Ventures was launched in the United States in November 2000 with an initial US$500 million allocation. Qualcomm Ventures' aim is to support Qualcomm's mission of enabling and fostering 3G CDMA and wireless Internet markets through strategic investments in privately owned startup ventures. These strategic investments include companies focusing on wireless communication technologies and products serving consumer, enterprise and vertical markets worldwide. For more information, please visit www.qualcomm.com/ventures.

About Qualcomm

Qualcomm Incorporated (Nasdaq: QCOM) 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 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500® company. For more information, please visit www.qualcomm.com.

Qualcomm is a registered trademark and QPrize is a trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.

    Qualcomm Contacts:
    Emily Kilpatrick, Corporate Communications
    Phone:  1-858-845-5959
    Email:  corpcomm@qualcomm.com

    John Gilbert, Investor Relations
    Phone:  1-858-658-4813
    Email:  ir@qualcomm.com

SOURCE Qualcomm Incorporated

Released October 5, 2009