Wavecom to equip NEC mobile phones with WISMO™ GSM Technology

Deal represents another giant step for fast moving French company.
Issy-les-Moulineaux, France -February 16, 2000

Wavecom S.A. (NASDAQ: WVCM; Nouveau Marché: WAVECOM), a leading developer of digital Wireless Standard Modules (WISMO™), today announced it has signed a contract with electronics giant, NEC Corporation of Japan, to develop a new WISMO-based GSM mobile phone.

"We are delighted to work with NEC. Once again, Wavecom technology has been recognized as providing the perfect "time-to-market" solutions that offer substantial value to our customers" says Wavecom Chief Executive Officer Aram Hékimian.

The contract calls for an initial order of 600,000 units to be delivered within the first 12 months of production, beginning in the second half of 2000.

This new GSM handset's design will be based on the latest NEC mobile phone.

NEC Corporation (Nasdaq: NIPSY) (FTSE: 6701q.l) pioneered the concept of C&C, the integration of Computers and Communications, and is the only company in the world to be counted among top ranking corporations spanning the wide range of fields essential for this vision of multimedia: computers, communications and electron devices. Employing in excess of 150,000 people around the world, NEC saw net sales in fiscal year 1998-99 amount to 4,759 billion yen (approx. US$40 billion).

For further information, visit the NEC homepage at: http://www.nec-global.com.