Sensitech Announces Collaboration with Qualcomm to Develop Connected Technologies for the Future of Digital Supply Chains

BEVERLY, Mass. - Sensitech and Qualcomm Technologies, Inc. are excited to announce a strategic collaboration to further develop technologies to advance real-time monitoring solutions for the cold chain industry. This collaboration leverages the strengths of both industry-leading companies to deliver innovative real-time visibility and analytics solutions on a global scale. Sensitech is part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions.

"Groundbreaking innovation in digitizing and connecting the supply chain requires collaboration across an ecosystem of key players, and we are excited to announce this agreement with Qualcomm Technologies," said Bhasker Kaushal, Vice President & General Manager, Sensitech and Refrigeration Aftermarket, Carrier. "We will collaborate to improve real-time monitoring, intelligence and response in the supply chain through technologies that enable faster connectivity, more precise visibility and optimized device energy consumption. This will help accelerate our efforts and mission to make supply chains more connected, automated, intelligent and sustainable. We're driving innovation and collaboration in supply chains to ensure that foods and medications reach their destinations safely, and help reduce food and pharma waste to make a net zero future possible."

"We are thrilled to announce this collaboration with Sensitech to bring cutting-edge connectivity and location technologies to the cold chain industry," said Nakul Duggal, Group General Manager, Automotive, Industrial & Embedded IoT, and Cloud Computing, Qualcomm Technologies, Inc. "By leveraging Qualcomm Aware™ Platform we aim to enhance Sensitech's real-time monitoring capabilities, ensuring greater precision and reliability in global cold chain shipments."

Near term, the focus of the collaboration will be on enhancing Sensitech's real-time monitoring product suite by leveraging the Qualcomm Aware Platform for advanced global location precision and reliability. This includes the multi-modal flagship variant, TempTale GEO X, launched to monitor life sciences global cold chain shipments.

Further, this collaboration will allow Sensitech to expand asset tracking capabilities by leveraging these technologies in Carrier's Lynx ecosystem. Together, Sensitech and Qualcomm Technologies will be at the forefront of future innovations for cold chain visibility.

The cold chain is essential for providing uninterrupted, temperature-controlled transport and storage of perishable goods from producer to consumer. Today's cold chain is often fragmented, with different providers and technologies at each stage, leading to limited visibility and significant risk. This collaboration aims to address these challenges further, ensuring that foods and medications reach their destinations safely, helping alleviate global hunger, and reducing food waste's environmental and societal impact.

The collaboration is under a non-binding memorandum of understanding and is subject to the negotiation of a mutually acceptable definitive commercial agreement.

Contact:
Kat Lebo
+1-860-471-5316
[email protected]

About Sensitech

Sensitech^® is a world leader in supply chain visibility. Our innovative monitoring products and services help maintain the quality and integrity of our customers' valuable products at every step in their journey worldwide. For 30 years, leading companies in the food, pharmaceutical, industrial, consumer goods, and other industries have relied on Sensitech to help protect their products. Sensitech is a part of Carrier Global Corporation, a global leader in intelligent climate and energy solutions that matter for people and our planet for future generations. For more information, visit Sensitech.com or follow Sensitech on Facebook at Sensitech Inc., on X (formerly Twitter) at @Sensitech and LinkedIn at Sensitech.

About Qualcomm

Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading-edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm Incorporated licenses Qualcomm patented technologies.

Qualcomm and Qualcomm Aware are trademarks or registered trademarks of Qualcomm Incorporated.