Wavecom Chosen by Iskraemeco for Automatic Electricity Meter Reading Solutions

Issy-les-Moulineaux, France-June 24, 2005

Wavecom SA (NASDAQ: WVCM; Euronext Eurolist: AVM; ISIN: FR0000073066), a leader in pre-packaged wireless communications solutions for automotive, industrial machine-to-machine and mobile professional applications, today announced that it has been chosen by Iskraemeco to provide wireless solutions for a full line of automatic electricity meter reading devices.

Iskraemeco, a leading manufacturer of automatic metering devices has selected Wavecom technology for use in several of its newest automatic electricity meter reading projects. Wavecom's wireless solutions will be integrated into Iskraemeco's most-advanced electricity meters and other telemetry devices. These meters are targeted at deregulated energy markets and are intended for residential, commercial and industrial applications. The wireless capability provided by the Wavecom module Q2406B enables the meters to use AMR (Automatic Meter Reading) services, via wireless network carriers, a preferred-solution for many utility companies operating in newly-deregulated markets.

Commenting on this collaboration, Miro Rozman, PhD and Deputy President of the Managing Board, said, "Wavecom provided us with a customized solution to fit the specific needs of our design. Furthermore, we believe that meters with communication functionality offer us a powerful new selling point for entry into many of the recently-deregulated energy markets, particularly in Scandanavia and other parts of Europe."

Adding to this, Frank Souguir, Wavecom Group Vice President for Europe Middle-East and Africa said, "We are delighted to have been chosen by Iskraemeco, a proven innovator in the metering industry, to help them in shaping the way meter reading will be conducted in the future." He continued, "As deregulation alters the competitive landscape for utility companies, communicating meters, like those from Iskraemeco, are expected to become a standard requirement. This new design win is solid evidence that wireless machine-to-machine communication is on an upward trend."

About Iskraemeco

Iskraemeco is a provider of system solutions and is extending the business to the provision of services in the area of electricity metering and billing. Constant development and growth for six decades has already established Iskraemeco as one of the leading global companies in metering products and systems. It has built its growth on experience, innovations and new technologies to satisfy customers' needs. This know-how is being incorporated into products along the entire metering chain - from meters to invoicing and energy management solutions, with the aim to provide all-inclusive metering data services. Metering products are based on internationally recognized standards and meet the requirements of applicable international and national legislation. Standardization and continuing developments ensure the flexibility, reliability, high quality and compatibility of Iskraemeco's products and services. Iskraemeco is able to provide total solutions for metering electricity in all electricity market segments - from production and transmission to distribution. In addition to the parent company in Kranj, Slovenia, the Iskraemeco Group has a further ten production and nine trading companies in 17 different countries in Europe and Asia. Iskraemeco products are present in 100 countries worldwide. Focused on meeting customer needs, opportunities to expand the breadth of products and services in new and existing markets resulted also in this cooperation with other leading players.