Qualcomm and Nikko signed a commercial wireless car wireless charging commercial license agreement

SAN DIEGO, July 25, 2017 – Qualcomm Incorporated (NASDAQ: QCOM) and Nichicon CorporaTIon (TSE: 6996) today announced that they have signed a wireless vehicle wireless charging (WEVC) license agreement. Nichicon will include Qualcomm HaloTM WEVC technology in its portfolio and will focus on supporting plug-in hybrid electric vehicle (PHEV) manufacturers and pure electric vehicle (EV) manufacturers in Asia to commercialize WEVC systems. Based on this agreement, Nichicon plans to develop, manufacture and supply WEVC systems based on Qualcomm Halo technology.

Nikko is a leading expert in automotive power electronics. With the full technical support of Qualcomm, Nikko will provide WEVC systems. Nikko is a trusted automotive supplier with a wide range of operations in Asia, especially in Japan.

"Our core mission is to meet customer needs through high-quality cutting-edge technology products, and we also pay attention to cost issues. We are pleased to provide industry-leading customers," said Mr. Noguchi, chief executive officer and production director of NECST Business Division. And future-oriented WEVC solutions, and continuous technological advancement. The interoperability of this technology is essential for driving experience and sustainable transportation. We are committed to creating valuable products and will help the whole society to share more. A bright future, this is what our corporate values ​​'Ko-do' (Japanese, meaning thinking and working) emphasize.

Steve Pazol, vice president and general manager of wireless charging at Qualcomm Incorporated, said: “As an important Tier 1 supplier in Asia, Nichicon is a great choice for Qualcomm. We are pleased to work with them to expand Qualcomm's automotive supplier network in Asia. The development of Qualcomm Halo technology uses a system-wide design approach that covers all aspects of WEVC systems, whether multi-coil, dual-D or ring magnets. We are committed to the development of WEVC technology."

Under the agreement, Qualcomm granted Nikko to develop, manufacture and supply a paid patent license for the WEVC system based on Qualcomm Halo technology. Qualcomm will also offer a comprehensive technology transfer portfolio to help Nichicon develop a commercial and technically viable WEVC system and support the design of future enhanced WEVC systems.

About Qualcomm

Qualcomm's technology drives the revolution in smartphones, connecting billions of people. We have made pioneering contributions in 3G and 4G, and are now leading the 5G road to a new era of intelligent networking terminals. Our products are transforming the automotive, computing, Internet of Things, health care, data center and other industries, and support millions of terminals connected to each other in unimagined ways. Qualcomm Incorporated includes the Technology Licensing Service (QTL) and most of our patent portfolio. Qualcomm Technologies, Inc. (QTI) is a wholly owned subsidiary of Qualcomm, which operates all of its engineering, research and development activities and all of its products and services with its subsidiaries, including our semiconductor business QCT. For more information, please visit Qualcomm's website, blog and Weibo.

About Nikko

Production and / or sales of aluminum electrolytic capacitors, film capacitors, positive temperature coefficient thermistors, household power storage systems, V2H systems, EV fast chargers, public and industrial power storage systems, switching power supplies, functional modules, various Accelerator power supply for medical and academic research, voltage transient low compensation device, and power failure compensation device.

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