Wavecom Partners with PI Componentes to Extend Presence in Latin America

Issy-les-Moulineaux, France and Sao Paulo, Brazil-March 16, 2005

Wavecom SA (NASDAQ: WVCM; Euronext Eurolist: AVM; ISIN: FR0000073066), a leader in pre-packaged wireless communications solutions and PI Componentes distributor of electronic components today announced a distribution partnership in Brazil. According to the terms of the agreement, PI Componentes will provide sales and distribution services, as well as customer support for Wavecom’s line of integrated GSM/GPRS and CDMA wireless modules and modems.

The partnership extends Wavecom’s reach throughout Brazil, providing OEMs and device manufacturers in the region access to a broad range of industry-leading wireless technology solutions. PI Componentes is a specialized distributor of integrated circuits in Brazil and currently has partnerships with eight electronics equipment companies.  Adding Wavecom gives PI Componentes’ customers a complementary technology that is in increasing demand in the Brazilian market.

“Wavecom offers OEMs in Brazil a strong portfolio of innovative, cost-effective wireless solutions,” said Jose Carlos Stagni, CEO of PI Componentes, adding, “The Brazilian market is quickly becoming aware of the strategic role that industrial wireless solutions will play in future development.  Specifically we see strong demand for several types of applications such as security systems, energy metering and vehicle tracking and we are pleased to be able to offer Wavecom solutions that meet this growing demand.”

“PI Componentes has the organization and resources that Wavecom needs on the ground in Brazil”, said Pierre Piver, Group Vice President and President of Wavecom, Inc. “They are financially solid and are well-established with local players. They are experienced in the electronics field and bring strong design support capabilities as well as a comprehensive knowledge of the distribution business. Over the last 15 years PI Componentes has succeeded in building a strong network that meets the needs of its customers and expands market share for its partners, and we look forward to a fruitful, long-term relationship.”

About Wavecom
Wavecom is a worldwide leader in pre-packaged wireless communication solutions for automotive, industrial machine-to-machine and mobile professional applications. Wavecom's solutions include all the software and hardware elements that are necessary to develop truly

innovative wireless devices, as well as the development tools and services needed to bring them to market quickly and easily.

Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC), San Diego (USA), and Darmstadt (Germany). Wavecom is publicly traded on Euronext Paris (Nouveau Marché) in France and on the NASDAQ (WVCM) exchange in the U.S.
www.wavecom.com

About PI Componentes:
PI Componentes is one of Brazilian’s market most important distributors of electronics components. Among their services range distribution and components logistics activities, sales of development tools for electronics designs, training services, technical support and design elaboration. The company has market leaders partnerships, like: Altera, Cirrus Logic, SanDisk, Dallas/Maxim, Ericsson, Rabbit and now, Wavecom. 

www.picomponentes.com.br

For further information please contact: 
   
Wavecom
Lisa Ann Sanders
Director of Communications and Investor Relations
Tel. +33 1 46 29 41 81
lisaann.sanders@wavecom.com

PI Componentes
Graciela Matos
Director of Marketing
Tel :  +55 11 4133 7999
Graciela.matos@picomponentes.com.br