New win for Wavecom with Telson Electronics in Korea
Wavecom and Telson Electronics cooperate on new mobiles phones based on Quadband technology
Issy-les-Moulineaux, France -- December 11, 2002 -- Wavecom SA (Nasdaq: WVCM; Euronext Nouveau Marché: 7306), the world's number one provider of integrated wireless modules, today announced the signing of a contract with Telson Electronics, one of the most dynamic Korean Mobile handset manufacturer (Kosdaq: 27350).
Under the terms of the contract, Wavecom is to supply its latest quadband WISMO modules for Telson's new series of TDG7050 mobile phones that are targeted to be launched in the Chinese and US markets. The new clamshell outfitted TDG7050 will be equipped with digital camera and MP3 functions, a 260K colour/OLED Sub LCD and 40-chord polyphonic ring tones, together with MMS and WAP capabilities.
Wavecom's quadband products are the only integrated wireless modules currently available to cover all four GSM/GPRS frequencies (850/900/1800/1900 MHz), enabling manufacturers to make ‘anywhere, everywhere' global GSM/GPRS roaming a reality. The technology also leads the way in catering for the 850 MHz GSM/GPRS market. The 850 MHz frequency band, which was recently opened for GSM/GPRS, offers manufacturers significant new opportunities in the US and Latin American markets.
Telson's goal is to become a global export-oriented company through strategic alliances with top IT partners around the world. "Our collaboration with Wavecom on this project is a first step in what we expect to be a strong and lasting relationship with the leader in the field of integrated wireless technologies," said Mr. J. P. Cho, Director and Chief Technology Officer of Telson Electronics.
"Leveraging Wavecom's quadband technology allows us to strengthen our presence in the important Chinese and North American mobile markets. We also appreciate that the WISMO solution supports all the latest features that consumers are demanding, allowing us to deploy all our own creativity and expertise to develop cutting-edge mobile phones like the TDG7050. That, in turn, takes us one step closer to our achieving our ambition of being a global provider of world-class mobile phones," Mr. Cho said.
Ms Song Mee Hee, Managing Director of Wavecom Korea Co. Ltd, said, "We are delighted to initiate our partnership with Telson who, being our first Korean customer to use our quadband WISMO modules, further strengthens the reputation of our WISMO solutions in Korea, home to many of the world's most dynamic mobile phone manufacturers."
About Telson
Since establishing in 1992, and constantly guided by the catchphrase "Nothing But New (Ever New)", Telson's technology has been credited for the world's first Wide Area Pager System (WAPS) and CDMA WAP Browser. Furthermore, Telson has become a backbone company of the radio telecommunication industry in Korea for its massive production of mobile handsets, including the world's famous brands such as Motorola and Nokia under the view of strategic coalition.
Telson has 1000 personnel including 500 in R&D. Approximately 10% of turnover has been reinvested exclusively into research and new technology development since its establishment. Telson, with the help of such philosophy, has succeeded in developing the world's highest norms of CDMA Cellular PCS, Wireless Internet Web Pad, and many others, Telson also has advanced the development of equipment and devices for W-CDMA and IMT-2000, which eventually made Telson a foremost mobile multimedia specialist.
Telson is preparing another jump once again to be a global company by achieving the annual export target of U$30 billion, by perpetually expanding strategic alliances with the world's famous IT brands, and by strengthening operations in many potential markets including China, North America, Middle and South America, and Europe, in the near future.
About Wavecom
A world pioneer in innovative wireless solutions, Wavecom was the first company to commercialize GSM technology in the form of a standard module, the WISMO, making wireless technology available to everyone. WISMO modules are compact devices that include all of the hardware, software and other technology needed to enable wireless communications over the GSM/GPRS, CDMA and future 3G networks.
WISMO modules enable any equipment or system to communicate without a fixed line connection. Applications include mobile telephones, personal digital assistants with wireless communications functions, automotive navigation and information systems, and devices enabling machine-to-machine communications.
Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC), Seoul (South Korea) and San Diego (USA). Company revenues totaled € 322.7 million in 2001 and € 415.7 million in the nine months ended September 30, 2002. Wavecom is publicly traded on Euronext Paris (Nouveau Marché) in France and on the NASDAQ National Market exchange in the U.S.
This press release may contain forward-looking statements that relate to the Company's plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "believes" and "estimates," and variations of such words and similar expressions identify such forward-looking statements. The Company's business is subject to numerous risks and uncertainties, including probable variability in the Company's quarterly operating results, manufacturing capacity constraints, dependence on a limited number of customers, variability in production yields, dependence on third parties, currency rate changes and risks associated with managing growth. These and other risks and uncertainties, which are described in more detail in the Company's most recent filings with the Securities and Exchange Commission, could cause the Company's actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
Source: Wavecom