Qualcomm and Renault Announce Memorandum of Understanding on Wireless Electric Vehicle Charging Technology
London, UK. – July 24, 2012 –Qualcomm Incorporated (NASDAQ: QCOM) and Renault s.a.s, today announced a Memorandum of Understanding (MoU) concerning their cooperation on the WEVC London trial and preliminary studies of the integration of Qualcomm Halo WEVC technology into some Renault vehicles. Renault will also join the London trial steering committee.
Qualcomm announced in November 2011 a Wireless Electric Vehicle Charging (WEVC) trial in London to commence in 2012 that is supported by a cross section of stakeholders from government departments and agencies, to commercial and private sector enterprises. The objectives of the trial are to evaluate the commercial viability of wireless EV charging and gain user feedback on the use of WEVC enabled vehicles.
“ We are very excited to be working with Renault, a global leader in Electric Vehicles and an innovator in the growing low carbon vehicle market ,” said Anthony Thomson, VP, Business Development and Marketing at Qualcomm. “Renault’s participation in the WEVC London trial and Qualcomm’s drive to make charging of electric vehicles simple and effortless means that EV drivers will have access to technology that makes EV charging easy .”
“ Our participation in the WEVC London trial with Qualcomm complements Renault’s European research & development project involving 10 partners to demonstrate wireless inductive charging of electric vehicles in a public environment with a high level of performance and safety, " said Jacques Hebrard, VP Energy and Environment Advanced Projects Director at Renault. " The deployment of wireless inductive charging requires inter-operability between cars and ground systems within common European and, hopefully, worldwide standards ”
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G and next-generation wireless technologies. 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.
Renault was created in France over 110 years ago and has been active on international markets ever since. It designs, develops, manufactures and sells a broad range of vehicles through a network of 350 industrial and commercial sites in 118 countries. Its full range of electric vehicles accessible to all is the standard-bearer of its environmental commitment. The Group is aiming for leadership in CO2 emissions thanks to its zero emission in use product line and new generation of combustion engines. The average emissions of its European product range will drop from 137 g/km in 2010 to 120g/km in 2013 and below 100g/km in 2016. Today's Renault features innovation for all, top-quality products and services and a new design philosophy.
The company continues to pursue its strategy of profitable growth with its associated brands, Dacia and Renault Samsung Motors. The Renault group employs 128,000 people worldwide, reported net revenues of €42,628 million in 2011 and sold more than 2.7 million vehicles in 2011.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company’s ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended September 26, 2010, and most recent Form 10-Q.
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