Wavecom Selected by Everkom

Issy-les-Moulineaux, France and Seoul, South Korea -July 29, 2002
Wavecom SA (Nasdaq: WVCM; Nouveau Marche: 7306), the world’s number one provider of complete wireless solutions, today announced the signing of a contract with Everkom Industrial Co., Ltd., one of South Korea's dynamic mobile phone manufacturers.

Under the contract, Wavecom will supply WISMO Quik Q2403B modules for Everkom’s new MGD-100 GSM/GPRS mobile phone and provide all necessary integration support. The contract calls for an initial order of 200,000 units.

The dual-band MGD-100 is scheduled to be launched in China in the third quarter of 2002, and later in Europe and South America, and will be sold under third party brand names. Key features of the MGD-100 include GPRS, WAP, games, 16-chord polyphonic ring tones, Personal Information Manager and infrared data transmission.

Welcoming the establishment of the relationship with Everkom, Song Mee Hee, managing director of Wavecom Korea Co., Ltd., said: “This contract represents another important step for Wavecom in Korea, which is one of the most exciting markets for wireless products today. We look forward to working with Everkom on this project and helping them to develop great new products in the future.”

The managing director of Everkom, Yi Wonwoo, added: “Time-to-market is crucial if we are to compete successfully in today’s high-tech markets. Wavecom provides us with stable, reliable and field proven state-of-the-art technology and full customer support. Our sales channels in China, Europe and the USA report excellent response to our planned telephones from potential buyers, and we are confident that this is the start of a long and mutually beneficial partnership with Wavecom.”

About Everkom Industrial Co., Ltd:
Established in March 1999, Everkom Industrial Co., Ltd. develops a wide range of advanced products from digital video recorders to mobile phones.

Everkom believes that it is vital to provide groundwork to leapfrog into a leading IT company by securing high-tech development capabilities, achieving customer satisfaction by securing product reliability and creating a strong and flexible organization. For more information on Everkom, please visit http://www.everkom.co.kr.