Wavecom Strengthens Its Position in the Automotive Sector; Wavecom Equips Mannesmann VDO's Telematics Systems

    ISSY-LES-MOULINEAUX, France--June 5, 2001--Wavecom SA , a leading developer of digital wireless standard modules (WISMO(TM)), and Mannesmann VDO, one of the world's foremost automotive equipment suppliers, have developed a hands-free GSM voice/data system to equip new Opel cars.
    Under a February 2000 cooperation agreement, Wavecom and Mannesmann VDO have joined forces to provide motorists with access to a wide range of services encompassing communication, navigation, safety, security and maintenance.
    Relying on the voice/data communication capacities of the WISMO2C module built into the CarPhone telematic system, Opel drivers can access a wealth of information and services to enhance the on-road experience. CarPhone comes as an option on all new Opel models.
    The services are provided by OnStar, a wholly-owned subsidiary of General Motors Corp. OnStar uses GPS satellite technology and wireless communications to set up a permanent link between the driver, the vehicle and an OnStar center, staffed by advisers who provide personal assistance in real time. OnStar's services include stolen vehicle tracking, emergency services, remote door unlocking, vehicle location and roadside assistance, remote diagnostics, route support, airbag deployment notification, and online reservation and purchasing services.
    Says Harald Moeglich, head of Opel operations at Mannesmann VDO's Automobile Communication division: "The WISMO offers a completely integrated, ready-to-use solution in a rugged and very compact package. With its dual-band capability, which allows it to cover a maximum range of GSM networks, we find it particularly well suited to our needs."
    "GSM and GPRS technologies offer tremendous opportunities to the automotive industry," comments Aram Hekimian, Chief Executive Officer of Wavecom. "The advantages of our unique WISMO technology make it a highly attractive solution for automotive equipment suppliers."

    About Mannesmann VDO

    Mannesmann VDO is one of the world's leading systems partners to the motor industry. It designs and develops information systems and instrument clusters, audio and navigation systems, electronic monitoring units and fuel supply units. VDO generated total sales of EUR 3.5 billion in 1999 with its components, modules and complete integrated systems. The company has 24,000 employees worldwide.
    www.vdo.com

    About Wavecom

    Founded in 1993 and headquartered near Paris in Issy-Les-Moulineaux, Wavecom designs, develops, manufactures and sells a range of fully integrated plug-in modules for GSM and GPRS communications. Divided into three distinct lines - WISMO(TM) modules, external modems and integrated modems - all Wavecom products are based on its unique WISMO(TM) technology. WISMO(TM), which stands for Wireless Standard Module, is a compact, fully integrated device containing all of the software, hardware and other technology needed to implement a wireless telecommunications standard. Designed for use in a wide variety of systems and wireless terminals, WISMO(TM) modules constitute complete implementation of the GSM Phase 2+ standard in the 900, 1800 and 1900 MHz bands. Company revenues totalled Euro 65.6 million in 2000 and Euro 54.0 million in the three months ended March 31, 2001. Wavecom is publicly traded on the Nouveau Marche exchange in Paris and the NASDAQ National Market exchange in the US.
    www.wavecom.com

    This press release may contain forward-looking statements that relate to the Company's plans, objectives, estimates and goals. Words such as "expects", "anticipates", "intends", "plans", "believes", and "estimates", and variations of such words and similar expressions identify such forward-looking statements. The Company's business is subject to numerous risks and uncertainties, including probable variability in the Company's quarterly operating results, manufacturing capacity constraints, dependence on a limited number of customers, variability in production yields, dependence on third parties and risks associated with managing growth. These and other risks and uncertainties, which are described in more detail in the Company's most recent filings with the Securities and Exchange Commission, could cause the Company's actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.