Autoliv Chooses Wavecom To Equip Volvo On Call Telematic System; Wavecom confirms its leadership in the automotive market.

Business Editors

ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--April 22, 2002

Wavecom SA (Nasdaq: WVCM; Nouveau Marche: 7306), a leading developer of digital wireless standard modules (WISMO(R)), today announced that the company has been selected by Autoliv AB, a world-wide leader in automotive safety, to supply GSM modules for the Volvo On Call telematic system.

The agreement calls for Wavecom to deliver more than 240 000 WISMO Quik modules. These will be integrated into the Volvo On Call telematic system, initially for Volvo's future 4x4 vehicles and subsequently in the carmaker's other models.

Volvo is already recognized as offering industry-leading safety and security in its vehicles, and the Volvo On Call system is the latest generation of the company's car safety measures. The system is designed to provide both automated and user-activated alerts to the Volvo On Call Alarm Centre, as well as facilitating remote diagnosis and resolution of issues. The idea is to enhance driver and passenger safety in the event of, for example, a car breakdown, theft, or a driver assault, as well as offering a link into information services such as traffic news. However, more mundane problems can also be resolved - the system can even remotely unlock car doors if the driver has lost the keys.

A crash-robust telematic system, Volvo On Call is activated by either deployment of in-vehicle air bags or other in-car sensors, or from an emergency SOS and road assistance button provided to the driver. In either case, Volvo On Call sends a text message to a Volvo On Call Alarm Centre via the integrated WISMO wireless module. On receipt of the text alert, a voice line is opened for communication between the car and the alarm centre operator; the wireless connection also enables the remote activation of other functions.

Commenting on the news, Autoliv's President Jan Carlson said, "Wireless connectivity is a key feature of our telematics systems. The WISMO modules fully meet our requirements in terms of performance, safety and quality, and of course is a safety-enhancing solution, providing communication functionality between our in-vehicle products and our emergency and service centres."

Aram Hekimian, Wavecom's CEO commented, "We're delighted that Autoliv has chosen WISMO to power the wireless connectivity of its next generation telematics systems. The automotive sector is renowned for its exacting standards, and we are pleased that Autoliv, a world leader in automotive safety, has recognized Wavecom as providing the best fit products for its needs."

WISMO technology is already in service within Dynafleet, the fleet management system developed by Autoliv for Volvo Trucks, which has been using WISMOs for more than two years. Volvo On Call is currently available in Sweden, with plans to extend the service to other European countries in the near future.

About Autoliv

Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv have close to 80 facilities with almost 30,000 employees in 30 vehicle-producing countries. In addition, the company has nine technical centers around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2001 amounted to US $4 billion. The company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depositary Receipts on the OM Stockholm Stock Exchange (SSE: ALIV).

www.autoliv.com

About Wavecom

A world pioneer in innovative wireless solutions, Wavecom was the first company to commercialise 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, automotive navigation and information systems, personal digital assistants with wireless communications functions, and devices enabling communication between vending machines or utility meters and control centers.

Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC) and San Diego (USA). Company revenues totaled 322.7 million euros in 2001 (2000: 65.6 million euros). Wavecom is publicly traded on Euronext Paris (Nouveau Marche) in France and on the NASDAQ National Market exchange in the U.S.

www.wavecom.com

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.