Wavecom's WISMO Selected by Giga Telecom for Latest Mobile Telephone Development

Issy-les-Moulineaux, France and Seoul, South Korea -October 07, 2002
Wavecom S.A. (NASDAQ: WVCM; Nouveau Marche: 7306), the world’s number one provider of integrated wireless modules, today announced that it has signed a contract with Giga Telecom Inc., the Korean telecommunications products manufacturer. Under the terms of the contract, Wavecom will assist Giga in the development of a GSM/GPRS mobile telephone. The new device will incorporate Wavecom’s dual-band WISMO Quik modules.

Named as a “Superior Technology Company” by Korea Technology Guarantee Fund, Giga Telecom has built up a strong reputation for research and engineering expertise in both the local Asia Pacific and global communications markets. The company has already successfully launched a range of CDMA products in North and South America, and is now developing a GSM/GPRS telephone for the Chinese market. The new WISMO-based telephone is expected to be launched in the first quarter of 2003.

Wavecom’s WISMO Quik module was chosen by Giga for its all-inclusive GSM/GPRS solution in a compact, lightweight format, as well as for the extensive technical support included in the WISMO offering. Giga believes that the dual-band WISMO Quik module is ideally suited to help the company meet target specifications for its new hand-held device. The GPRS-enabled GGH-300C mobile telephone will feature 16-chord polyphonic ring tones and an OLED (Organic Light-Emitting Diode) display.

Mr. Kim Ho-Young, President and CEO of Giga Telecom Inc., commenting on the agreement with Wavecom, said, “This cooperation will allow us to further extend the boundaries of our development work, bringing the wireless expertise of Wavecom to bear upon development of our new mobile telephone. The flexibility, reliability and easy integration of the WISMO technology, coupled with the support services we have received from the company, convinced us that Wavecom was best placed to assist us in this latest development project. Our customers are likely to benefit from this decision, not just in terms of the superior technology that will be available to them, but also from the significant time to market improvements made possible.”

Ms Song Mee Hee, Managing Director of Wavecom Korea Co. Ltd, said: “We are delighted that Giga Telecom, a rising star in the Asia Pacific mobile communications industry, has chosen Wavecom to provide the core technology for its new hand-held device. We very much look forward to helping the company achieve its goals for this latest product and are proud to be a part of the company’s increasing success on the local and global stage.”

About Giga Telecom:
Giga Telecom Inc. is a fast growing, Korean mobile communications company. Incorporated in May 1998, Giga supplies mobile communications technologies to a range of business sectors in the Asia Pacific region and further afield. With a strong emphasis on research and engineering excellence, the company has a headcount of 100, 80% of which are research engineers. Annual R&D investment accounts for 15-20% of sales revenues. The company was named as an “Excellent Machinery Mechanism Material Company” in 2001 by Korea?s Ministry of Information & Communication and was awarded “Most Excellent Small and Medium Business Company” by the country’s Small & Medium Business Administration in 2000.