Wavecom Introduces CDMA Tri-Mode Module On Market

Source: Wavecom, Inc.
Issy-les-Moulineaux, France and San Diego, CA -- December 03, 2002 -- Wavecom SA (NASDAQ: WVCM; Euronext Nouveau Marché: 7306), the world's number one provider of integrated wireless modules, announced today at the CDMA Americas Congress 2002 show the company's new tri-mode CDMA WISMO Quik module: the WISMO Quik Q2438.

This new WISMO Quik module incorporates CDMA digital 800 MHz, CDMA 1900 MHz and Amps 800 MHz into one product. It provides wireless communications for a variety of different markets.

Because it will be one of the smallest CDMA modules on the market, Wavecom's Q2438 WISMO Quik easily accommodates handsets and PDAs, in which form factor is critically important.

The new CDMA tri-mode module uses QUALCOMM's MSM6050 chipset and includes position location abilities supported by QUALCOMM's gpsOne technology.

With this tri-mode module, Wavecom now offers two complete CDMA wireless engines – the Q2338 and Q2358 for machine-to-machine (M2M) applications, and the Q2438 for a variety of personal communication devices.

"By shifting the burden of building the wireless part of their device onto Wavecom, our customers are able to better focus on the development of their particular application or product thus providing the ability to move both product development and product introduction more quickly and efficiently," said Aram Hékimian, Chief Executive Officer at Wavecom. "With our existing global presence in terms of support and manufacturing capability, Wavecom is poised to lead the module market for CDMA as well. Already, we are aggressively penetrating the market with our CDMA products, both within the United States and in Asia, specifically China."

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.