Wavecom and eDevice Launch the First Integrated GSM/GPRS and Internet Solution for Use In M2M Communication.

Business Editors & High-Tech Writers

ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--Nov. 5, 2002

Wavecom SA (Nasdaq: WVCM; Euronext Nouveau Marche: 7306), the world's number one provider of integrated wireless modules, and eDevice, a Franco-American company specializing in the development of on-board Internet technologies, today announced the launch of an Internet connectivity solution on WISMO(R), for use in the M2M (machine to machine) market.

The partnership between the two companies, which began last year, now sees the birth of the first GSM/GPRS offering with IP connectivity and integrated application protocols. By taking advantage of their complementary expertise, Wavecom and eDevice developed this partnership to come up with a joint offer. Taking into account the high demand for IP connectivity, as well as the GSM/GPRS function in M2M markets, Wavecom and eDevice have developed an Internet connectivity solution for all communication devices and automobile equipment via GSM and GPRS networks, through the use of SmartStack(TM) integrated technology in WISMO modules. IP technology in M2M enables significant reduction of communication costs, development of connectivity, multi-point communication and the benefits of using standard non-proprietary tools.

eDevice has thus adapted its technology so that it is loaded into Wavecom products through the MUSE Platform/Open AT, the open software platform developed by Wavecom that allows applications to be embedded directly onto the module. The solution developed supports different application protocols as well as TCP/IP, enabling the sending of e-mails and files via Internet. The developers also have the possibility of loading their applications directly into the module, thus reducing development costs and time.

This partnership thus allows Wavecom and eDevice today to be the first market players to launch this new solution: a GSM/GPRS module with IP connectivity, optimised in terms of size, price and functionalities.

"Our partnership with eDevice allows Wavecom to launch a unique product offering for M2M applications," adds Herve Gagnard, Group Vice President for Corporate Development and Communications of Wavecom.

"Given the rapid growth of the M2M sector, it was important for us to propose an offer for this sector. With Wavecom, we have succeeded in developing a product adapted to the software in both companies and to the requirements of our clients. For eDevice, the objective was to have the back-up of a reference partner in the world of M2M connectivity and it was naturally to Wavecom that we turned," said Yves Abitbol, Vice President Business Development of eDevice.

Thanks to this new offer, numerous applications projects are already under development in the sectors of automatic distribution, industrial inspections, fleet management, or security systems. No doubt that the initiative by Wavecom and eDevice is going to pave the way for other initiatives and applications in this rapidly growing sector.

Wavecom products integrating IP connectivity will be available in early 2003.

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 centres.

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), with a total headcount of 805 as of August 31, 2002. Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, France, Wavecom has subsidiaries in Hong Kong (PRC), Seoul (South Korea) and San Diego (USA). Company revenues totaled EUR 322.7 million in 2001 and EUR 415.7 million in the nine months ended September 30, 2002. 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

About eDevice

eDevice was founded in 1999 to provide the lowest cost Internet connectivity solutions available for a wide range of devices and equipment.

Through its SmartStack technology, eDevice is revolutionizing the market for (non-PC) Light Internet Devices. SmartStack enables any piece of office or industrial equipment, consumer electronics or home appliance to be directly connected to the Internet. eDevice's technology combines a user-defined application, Internet protocols, link layer protocols, and the physical transmission on a single off-the-shelf DSP to Internet-enable virtually any piece of equipment. eDevice is headquartered in New York City; the company's Research and Development facility is in Bordeaux, France.

www.edevice.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.