Banks in Africa Continue to Purchase STM Wireless' VSAT Products.

Business Editors/High-Tech Writers

IRVINE, Calif.--(BUSINESS WIRE)--Feb. 6, 2002

STM Wireless, Inc.(NASDAQ:STMI):

Over $3.0 Million in Recent Orders Support

STM's Expansion in the African Market

STM WIRELESS, INC. (STM),(NASDAQ NM Symbol: STMI), a worldwide supplier of VSAT networks, today announced that it has received recent orders in excess of $3.0 million from several customers in Africa. These include Standard Trust Bank Limited (STB), one of the five largest banks in Nigeria with 76 branches and a customer base in excess of 300,000, and Banque des Etats de l'Afrique Centrale (BEAC), which is headquartered in Cameroon and operates as the Central Bank for Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad. The orders were placed to expand and upgrade existing networks.

Acknowledged for its deployment of cutting edge technology to enhance service delivery, STB's expansion is part of a migration to a private IP-based network. STB, which is one of several banks in Nigeria using STM's VSAT products, was originally using a shared network with access through a local service provider. Mark Campbell, the IT Manager of STB, said, "With the increasing volume of traffic among our 40 branches served by VSATs, migration to a private network environment was essential to improve our service quality and economics. We are very pleased with the combination of STM's advanced VSAT technology and direct support in Nigeria."

The new expansion by BEAC will allow many of their regional branches in member countries in the French speaking central part of Africa to have direct, digital phone and video connections as part of a modern, private communications network. STM was originally awarded a contract by BEAC to deliver and install a state of the art IP network as part of BEAC's automated transaction processing.

STM's VSAT products are designed to offer cost effective and on-demand voice, data, and video communications. Emil Youssefzadeh, STM's Chief Executive Officer, said, "The latest orders from our customers in Africa, particularly in the banking sector, involve mission critical applications, which underscores the reliability of our networks and the ability of our systems to handle multiple concurrent applications."

In separate but related news, STM announced that it would establish in Lagos a new regional office for sub-Saharan Africa, providing sales and technical support to its customers and distributors. In this regard, Mr. Youssefzadeh said, "Our investment in the establishment of a new facility in Africa equipped to offer direct after sales technical support is a demonstration of our commitment to our customers and our expectation of regional growth. The reliability and quality of STM's VSAT products, combined with personalized support during provisioning and initial operation, have been major differentiators for the selection of STM by customers in Africa."

About STM Wireless, Inc.:

STM Wireless, Inc., headquartered in Irvine, California (Web Site: www.stmi.com), is a VSAT network system provider for IP-based networking, telephony and bandwidth on demand data applications. STM has a local and regional sales presence in France, Thailand, Indonesia, China, South America and sub-Saharan Africa, which support an expanding number of in-country sales representatives throughout the world.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, STM Wireless, Inc. or its representatives have made or may make forward-looking statements, orally or in writing. The words "estimate", "project", "potential", "intend", "expect", "hope", "believe" and similar expressions or words are intended to identify forward-looking statements. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. As discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2000, and its Form 10-Q for the first three quarters of 2001, the Company's future operating results are uncertain and may be impacted by the following factors, among others: the uncertainty of acceptance of the Company's products, particularly those targeting the broadband market; the long-term cycle involved in completing major contracts, particularly in foreign markets; increasing competitive pressures; general economic conditions; technological advances; financing risks; the timing of new product introductions; political and economic risks involved in foreign markets and foreign currencies; and the timing of operating and other expenditures.