Qualcomm (QCOM) Enters License with Ricardo

 

Qualcomm Incorporated (NASDAQ: QCOM) and Ricardo today announced they have entered into a Wireless Electric Vehicle Charging (WEVC) technology license agreement. Ricardo, a global engineering, strategic, technical and environmental consultancy business, with world-renowned expertise in powertrain and vehicle engineering – including the niche manufacture and assembly of high-performance products – has licensed Qualcomm Halo™ technology to commercialize WEVC systems for Plug-In Hybrid (PHEVs) and Electric Vehicles (EVs). Under the terms of the agreement, Qualcomm has granted to Ricardo a royalty-bearing technology license to develop, make and supply WEVC systems for automobile manufacturers. Qualcomm subsidiaries will provide technical expertise and engineering support.

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