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Qualcomm Becomes Founding Technology Partner Of FIA Formula E Championship

Stocks in this article: QCOM

BERLIN, Sept. 9, 2013 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced a multi-year agreement with Formula E Holdings (FEH) to become an Official Founding Technology Partner of the FIA Formula E Championship, the new international championship featuring racing cars powered exclusively by electric energy. The agreement will allow Qualcomm and FEH to showcase mobile and Electronic Vehicle technologies globally through an exhilarating sport and demonstrate how current and future generations all over the world can benefit from wireless, sustainable technology on- and-off the track.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/63287-qualcomm-founding-tech-partner-fia-formula-e-championship

As a leader in the mobile space, Qualcomm will advise FEH in their quest to incorporate new and more sustainable technologies into the racing series. As a start, Qualcomm Halo Wireless Electric Vehicle Charging (WEVC) technology will be adapted to be fitted into the 2014/2015 FIA Formula E Championship safety cars so they can be wirelessly charged. The wireless charging system will be made available to the race cars from season two. Qualcomm Halo WEVC technology uses resonant magnetic induction to transfer energy between a ground-based pad and a charging pad on the electric vehicle. Drivers simply park over the base pad and charging commences automatically. As part of its advisory role, Qualcomm will evaluate the connectivity and mobile technology of each of the ten venue cities around the world, providing solutions to help enhance the spectator experience around the circuit such as live streaming to fans, video gaming and social media.

"Our collaboration with the FIA Formula E Championship is not just a great opportunity to showcase Qualcomm technologies, such as our Halo WEVC system, but to evaluate and improve wireless connectivity and EV technology across the globe, especially in the host cities," said Anand Chandrasekher, senior vice president and chief marketing officer of Qualcomm. "We hope this arrangement will leverage mobile technology to enhance the fan experience and impact the global movement toward more sustainable living."

"The FIA Formula E Championship is going to become a showcase for electric vehicle technology," said Alejandro Agag, chief executive officer of Championship Promoters Formula E Holdings. "As the global leader in mobile technology, Qualcomm's involvement will not only help us develop new advances in EV tech, but also to provide our fans and the world's EV community with the best race viewing experience possible. New technologies in connectivity, wireless and mobile fit perfectly with a Championship open to new technology, not only for the cars but for everything around the venue."

For more information, please visit http://www.fiaformulae.com/

About Qualcomm Incorporated Qualcomm Incorporated (NASDAQ: QCOM) is the 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 25 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.

About FIA Formula E ChampionshipFormula E is a brand new FIA championship featuring Formula cars powered exclusively by electric energy. It represents a vision for the future of the motor industry over the coming decades, serving as a framework for research and development around the electric vehicle, accelerating general interest in these cars and promoting sustainability. Commencing in September 2014, the Championship will compete in the heart of 10 of the world's leading cities - including London, Beijing and Los Angeles - racing around their iconic landmarks. For the inaugural season, 10 teams, each with two drivers, will go head-to-head creating a unique and exciting racing series designed to appeal to a new generation of motorsport fan. Operating as an 'open championship', the series gives car manufacturers and constructors the opportunity to showcase their electrical energy innovations in a racing environment, designing cars to the technical specifications set out by the FIA. www.fiaformulae.com.

Qualcomm is a trademark of Qualcomm Incorporated, registered in the United States and other countries. All Qualcomm Incorporated trademarks are used with permission. Other products or brand names may be trademarks or registered trademarks of their respective owners.

Qualcomm Contacts: Tina Asmar, Corporate CommunicationsPhone: 1-858-845-5959Email: corpcomm@qualcomm.com

Warren Kneeshaw, Investor RelationsPhone: 1-858-658-4813Email: ir@qualcomm.com

Formula E Contact: Tom Phillips, Press OfficerPhone : +44 (0) 7812 206260 Email : tom@fiaformulae.com

SOURCE Qualcomm Incorporated

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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