Wavecom Introduces the Wireless Microprocessor; A breakthrough in High-performance embedded Processing Combining Wireless Connectivity in a Single Component.

ISSY-LES-MOULINEAUX, France -- Wavecom SA (NASDAQ:WVCM) (BOURSE:AVM) (ISIN:FR0000073066), a leader in embedded wireless communication platforms for automotive, industrial (machine-to-machine) and mobile professional applications, today announced the launch of the first in a family of powerful Wireless Microprocessors with built-in wireless communications capability.

The Wireless Microprocessor combines high performance embedded processing and wireless connectivity in a single surface mount component. In combination with Wavecom's Open AT(R) software suite it provides the lowest total cost of ownership for any industrial wireless machine by reducing the overall number of components and shortening time-to-market. Using Open AT(R) software, developers can easily create machine-to-machine applications in C-language that can also be maintained remotely, over-the-air, throughout their lifetime. Open AT(R) OS also allows developers to execute their program natively, without the need to interpret code, requiring a minimum memory footprint and processor resource overhead.

Commenting on this exciting new offer Ron Black, Wavecom CEO stated, "With the introduction of our Wireless Microprocessor we continue to demonstrate our capacity to innovate and set new standards for addressing the industrial wireless market." He added, "We've come a long way from our simple bit-pipe modems in the early days of industrial wireless technology -- our products have evolved to powerful, programmable processors packed with sophisticated software dedicated to embedded applications."

Wavecom's first in the family of Wireless Microprocessor's has an ARM 946 core. Via Open AT(R) Software, this real time processor core offers programmable power consumption modes that provide developers the ultimate flexibility in both battery consumption and processing power scalability. Using the Open AT(R) integrated development environment (IDE), developers have access to central application processing, integrated cellular voice, data, wireless Internet connectivity, and numerous external interfaces for processor interrupts and connection to a wide range of peripherals such as: USB, RS232, GPIO, parallel port, SPI, I2C, ADC, keyboard, analogue & digital audio. They can also integrate companion technologies such as Bluetooth and GPS by using one of the standard external busses thereby further reducing overall costs.

Engineering samples of the first in the Wireless Microprocessor family will be available in Q2 2006.

About Wavecom

Wavecom is a worldwide leader in embedded industrial wireless communication platforms for automotive, machine-to-machine and mobile professional applications. Wavecom's solutions include the Open AT(R) software platform encompassing the Wavecom operating system, a wide range of plug-ins, the Open AT(R) integrated development environment (IDE) along with a market-leading range of wireless Central Processing Units (CPUs), and a broad portfolio of services. These complete embedded industrial communication platforms enable makers of all types of machines to develop of a new breed of intelligent wireless applications, without the need of external processors.

Founded in 1993 and headquartered in Paris, Wavecom has subsidiaries in Hong Kong (PRC), San Diego (USA), and Darmstadt (Germany). Wavecom is publicly traded on Euronext Paris (Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S.

www.wavecom.com

This press release contains forward-looking statements that relate to the company's future business performance, operating expenses and financial results and objectives. Such forward-looking statements are based on the current expectations and assumptions of the company's management only and involve risk and uncertainties. Potential risks and uncertainties include, without limitation, whether the company will be commercially successful in implementing its strategic reorientation, whether there will be continued growth in the vertical markets and demand for the company's products, an unanticipated decrease in orders from one of the company's principal customers or customer cancellation or scale-down of a major project, the company's reliance on a single contract manufacturer in China for all production requirements, dependence on third parties, changes in foreign currency exchange rates, new products or technological developments introduced by competitors, customer and supplier concerns regarding the company's overall financial position, and risks associated with managing growth. Unfavorable developments in connection with these and other risks and uncertainties described in the Company's reports on file with the Securities and Exchange Commission could cause the company to not achieve the anticipated or targeted performance or results. As a consequence, the Company's actual performance and results may be materially different from those expressed by the forward-looking statements above.