Wavecom awarded the Europe Latitud'Export prize for its commercial performance in Hungary

Wavecom is Hungary's leader on the wireless communications market.
Issy-les-Moulineaux, France-July 07, 2004

Wavecom SA (NASDAQ: WVCM; Euronext: AVM; ISIN: FR0000073066) today announced that it has been singled out as France's highest performing SME (Small & Medium-size Enterprise) in Hungary for the first edition of the Europe Latitud’Export award.

On this occasion, France's Minister Delegate for Foreign Trade, François Loos, awarded Wavecom CEO Michel Alard the "Europe Latitud’Export" trophy for Hungary, in the presence of Nicolas Sarkozy, Minister of Economy, Finance and Industry.

Organized by the Minister Delegate in partnership with the publications Le Moci and Les Echos, this list of award winners recognizes the best French SMEs for their export activity in the 10 countries which joined the European Union on May 1, 2004.

In Hungary, Wavecom estimates the company holds 40% of the wireless communications modules and modems market. Via its Hungarian distributor Kern, Wavecom markets machine-to-machine communications systems, mainly in the form of integrated modems for security, telemetry and vehicle fleet management applications. These solutions are sold to mobile telephony operators Pannon, Westel and Vodaphone.

"We are most honored to be awarded this prize, which confirms that M2M wireless applications are currently enjoying strong growth. As the market specialists since Wavecom's creation, we are convinced that our solutions meet a number of communications needs in countries that have recently joined the European Union. I would like to thank Pal Kern for his support and exemplary work in Hungary", declared Pierre Piver, Group Vice President of the Vertical Applications Business Unit.

Wavecom deploys a direct and indirect sales force to market its solutions on the highly segmented markets that make up the M2M communications sector. Wavecom has established agreements with distributors in 93 countries throughout Europe, Asia, North and South America. Indirect sales accounted for 31% of Wavecom's sales in 2003.

In 2003, more than 96% of Wavecom's sales were made through exports.