Wavecom is joining forces with Datecs to connect cash registers to the Serbian Ministry of Finance

Wavecom is joining forces with Datecs to connect cash registers to the Serbian Ministry of Finance
Issy-les-Moulineaux, France -November 22, 2005
Wavecom SA (NASDAQ: WVCM; Euronext Paris (Eurolist): AVM; ISIN: FR0000073066), a major firm on the market for integrated wireless communication solutions for automobiles, industry and mobile professional applications, is joining forces with Datecs for a reply to a call for tenders from the Serbian Ministry of Finance. Datecs is a Bulgarian producer that develops hardware and software solutions for money and measuring applications including cash registers, taximeters and scales.

The Wavecom and Datecs contract, which began during the first quarter of 2005, is in response to the new law passed by the Serbian government, under which all cash registers should be directly linked to the tax authorities.

The application developed jointly by the two firms makes it possible to transmit all tax reports to the Ministry of Finance, via GPRS, using the IP stack FTP protocol embedded in the Wavecom module. The module, which has a modem function, dialogues with the cash register and sends real time data from sales outlets to the tax authorities.

The application should rapidly evolve to eliminate the external processor and memory. The software developed by Datecs on the external microprocessor will be integrated into the module thanks to Open AT. Tax data will be stored in the module's memory.

About Datecs:

DATECS Ltd., was founded in 1990 by a group of research fellows from the Institute of Applied Cybernetics at the Bulgarian Academy of Science. Its high technology focuses on several areas including: highly accurate technology for the digitalization of scanned map images, electronic cash registers, electronic scales, working in conjunction with a cash register and label printer; display fiscal label and ESC / POS printers and portable cash registers. Datecs Software engineers have supported the realization of several complex projects for the needs of major state institutions in Bulgaria, for Coca - Cola of Greece, Amoco - USA, the Association of the Commercial Banks of Berlin.

With over 100 000 devices sold yearly in more than 50 countries around the World, Datecs is one of the best known brands for electronic cash registers and fiscal printers in Central and Eastern Europe. Datecs is the reliable partner of several hundred representatives in Bulgaria and abroad.