Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of business-to-business wireless enterprise applications and services, and Topcon Tierra have announced a transaction in which Topcon Tierra will acquire some of Qualcomm's customer contracts for the GlobalTRACS® Suite for fleet management.

The alliance represents further progress toward Qualcomm's planned transition out of a direct sales model for the construction equipment market, as previously announced in June 2008. Qualcomm will continue to provide managed network services through Topcon Tierra for these customers and Topcon Tierra will assume responsibility for sales, customer service and other direct support.

"We are excited to be collaborating with Topcon Tierra, a company that already has a substantial presence in the construction market place," said Bob Walton, president of Qualcomm Enterprise Services. "The alliance between Qualcomm and Topcon Tierra leverages both companies' strengths and provides GlobalTRACS customers with industry-leading managed network services and the best possible telematics hardware and value-added applications and support."

"We are very excited about this alliance and the opportunity it presents to continue to offer best-in-class hardware and services to construction, equipment companies and OEMs," said Ray O'Connor, Topcon Positioning Systems president and CEO. "Qualcomm's GlobalTRACS customers will continue to receive the service and support they expect, with Topcon Tierra committed to fulfilling the terms of the service contracts. New hardware, spares, ancillary parts and service will be provided by Topcon Tierra going forward. We have a very smooth transition planned."

O'Connor continued, "The alliance with Qualcomm will provide our new customers the opportunity to take advantage of the Topcon family of advanced positioning machine control solutions, including 3D-MC2 for dozers, X63 for excavators, and Millimeter GPS for other construction equipment, including graders, pavers and profilers."

Topcon Positioning Systems, Inc. (TPS) designs and manufactures precise positioning products and solutions for the global surveying, construction, agriculture, civil engineering, mapping and GIS, asset management and mobile control markets. TPS' parent company, Topcon Corporation (Tokyo Stock Exchange - 7732), was founded in 1932.

Topcon Tierra is a joint venture company between Topcon Positioning Systems and DIVITECH S.p.A., providing web-based remote asset management solutions to the global construction and agricultural markets.

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.

Topcon Tierra’s redeveloped website is up and operating, according to Mark Bittner, senior vice president and general manager, Topcon Telematics Business Unit. 

The site offers new features – Dealer Locator and an Access link that takes visitors directly to the Tierra log-in page for registered users.

The new site, Bittner said, also offers the ability to provide information in multiple languages; the first to be added will be Spanish and Italian.

The site can be accessed at www.topcontierra.com.

Heavy equipment represents a major capital cost for companies in industries such as construction and agriculture. ln recent years Global Navigation Satellite System (GNSS) technology, which uses signals from US Global Positioning System and the Russian Glonass satellite system constellations, has been used to improve fleet efficiency. Many companies may hesitate to invest in the technology because management is unaware of its benefits. Such hesitation has only increased during the current global economic downturn. However, recent evidence has emerged to demonstrate the measurable impact GNSS technology may have 0n company profits.

With Topcon's Tierra, fleet managers can track equipment locations on an online map, view instrument panels remotely in real-time, and more

The President of the United States fought giving up his Blackberry. He is so dependent on his wireless communication device and convinced of its convenience and efficiency. Justin Welch at Co-Alliance, LLC, Tipton, Ind., knows how he feels. He would probably fight before he gave up his wireless dispatch system. Not only has it proven itself to him and the 10 branch managers using it, even the competition is envious.

Companies embracing increased productivity through technology will drive the world's economic recovery.

That belief is what mandates topranked, global technology companies to continue to support strong research and development (R&D) efforts. Without a constant stream of new, innovative, around-the-corner technologies, both the company brand and market-share suffer. That holds true in good times, and especially in a recessionary period.

"Topcon's Tierra telematics solution uses advanced GPS technology and a simple back-office, web-based communications system to reduce costs and increase productivity ... essential elements in today's competitive construction environment," according to Mark S. Bittner, senior vice president and general manager for Topcon's Telematics Business Unit.

"We are pleased to have won this prestigious award and to be recognized among an impressive list of competitors," Bittner said. "We would like to acknowledge T.J. Lambrecht Construction for their role as a collaborative partner in helping to enhance our solution. Their hands-on experience was invaluable to us in developing functionality and features that contractors can use to improve operations."

The Constructech Vision Awards honor companies that have realized the advantages of applying innovative technologies to their everyday businesses as well as the technology enablers that have helped them achieve their goal.

Companies involved in residential, commercial, and heavy construction, professionals in all trades, architectural and engineering firms, corporate owners, facility management companies, government agencies, and land developers are eligible for a Constructech Vision Award.

"In today's market, construction companies must face new challenges head on, and bring customers the most affordable, quality product they can. This goal can be achieved with the use of the right technology solutions," said Mike Carrozzo, chief editor, Constructech magazine. "The companies named as Vision Award winners recognize this necessity, and have become more successful as a result of implementing technology."

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The multi-year agreement covers all AGCO equipment lines and is an expansion of a strategic partnership between AGCO and TPS which provides high-performing machine control, machine management and precision farming technology products and services to the global agricultural machinery market.

Tierra is the web portal through which all AGCONNECT™ information will flow in a timely, easy-to-learn, easier-to-understand and reliable format. TPS formed its Telematics Business Unit in 2008 and unveiled Topcon Tierra, the most comprehensive mobile asset management system in the marketplace.

Martin Richenhagen, Chairman, President and Chief Executive Officer of AGCO said, "AGCO is dedicated to integrating user-friendly advanced technology into our products to help our customers maximize the productivity of their equipment and become more efficient, more environmentally responsible and, ultimately, more profitable."

"The expansion of the relationship between AGCO and TPS will greatly benefit both companies, their customers and potential customers," said Ray O'Connor, TPS President and CEO. "Using products resulting from the AGCO and TPS partnership, farmers will have access to the leading technology."

ABOUT TOPCON POSITIONING SYSTEMS

Topcon Positioning Systems, a developer and manufacturer of positioning equipment, offers the world's leading selection of innovative precision Global Positioning System (GPS) Geographic Information System (GIS) laser, agriculture, optical surveying, and machine control products, software and applications. Topcon Corporation is traded on the Tokyo Stock Exchange (7732).

ABOUT AGCO

AGCO, Your Agriculture Company, (NYSE: AG) was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements, and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through more than 2,800 independent dealers and distributors, in more than 140 countries worldwide. AGCO provides retail financing through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In 2008, AGCO had net sales of $8.4 billion. Please visit our website at www.AGCOcorp.com.

Safe Harbor Statement

Statements which are not historical facts, including expectations regarding market positioning, and sales growth are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to coordination of efforts among two businesses. Further information concerning these and other risks and uncertainties is included in AGCO's filings with the Securities and Exchange Commission, including AGCO's Form 10-K for the year ended December 31, 2008. AGCO disclaims any obligation to update any forward-looking statements.