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Wavecom Expands Distribution Agreement with Avnet Memec to Reach Key European Markets


    Regulatory News:

    Avnet Memec, the highly specialized semiconductor distributor of
    Avnet Electronics Marketing EMEA, announced today the extension of its
    distribution agreement with Wavecom SA (Paris:AVM) (NASDAQ:WVCM)
    (ISIN:FR0000073066). The strategic partnership will be extended to
    Germany, France, Austria and Switzerland. Avnet Memec received the
    Wavecom distributorship through the acquisition of ESCO Italiana in
    October 2006. This expanded agreement reinforces the already strong
    position of Avnet Memec as Wavecom distributor in Italy, Greece and
    Turkey.

    "We are very proud that Wavecom has extended the distribution
    agreement after just 10 months. It is reward for our activities over
    the last months and also highlights Wavecom's trust in our expertise
    in the field of marketing and selling industrial wireless technology
    across Europe. Wavecom's wireless CPU(R) products fit well into our
    technology strategy, and our model is well aligned to Wavecom's
    expectations" stated Steve Haynes, President of Avnet Memec.

    Jon Ellis, Vice President Technical Marketing, Avnet Memec, added:
    "Wavecom not only offers the most complete Wireless solution with
    their Wireless CPU(R), they also offer Open AT(R) Software Suite and a
    full range of professional services, including Wavecom University
    training programs and custom design expertise. In addition, Avnet
    Memec is already very well positioned in all of the application
    markets in which Wavecom products fit, such as Security and Alarms,
    Control and Monitoring, Industrial Automation, Home and Security or
    Automatic Meter Management. The combination of forces across Europe
    and industry segments will help both Avnet Memec and Wavecom to drive
    the technical innovation surrounding Wireless CPU(R)s."

    Andrew Suttle, Director Indirect Sales EMEA, Wavecom, commented,
    "Avnet Memec will help Wavecom to further strengthen its position as a
    world-leader in pre-packaged wireless communication solutions,
    especially targeting some of the most dynamic industrial wireless
    markets in Europe. With its excellent know-how in wireless
    communications plus its extensive team of technical sales and field
    application engineers Avnet Memec is well-suited to serve customers
    with Wavecom technology across Europe."

    About Avnet Memec

    Avnet Memec was established in 2005 as a result of the Memec
    acquisition and the subsequent integration of Memec and WBC
    operations. Avnet Memec is a highly specialised semiconductor
    distributor, operating on a pan-European basis and employing a
    significant number of engineers to support customers' design efforts.
    The ratio of sales specialists to application specialists is 1:1 -
    giving Avnet Memec more than twice the technical respurces per sales
    person than the Avnet average and more than three times than typically
    found in traditional distributors.

    Avnet Memec specialises in highly innovative suppliers and
    technologies, which will help a variety of customers to differentiate
    their designs. Its area of specialisation extends from Analog and
    Microcontrollers to RF, Datacom and Networking.

    Avnet Memec operates as an independent business unit of Avnet
    Electronics Marketing EMEA, and utilizes the strengths of Avnet's
    backbone organizations - such as Avnet Supply Chain Solutions and
    Avnet Logistics - to ensure the highest level of customer
    satisfaction.

    Avnet Memec operates from 30 offices in 17 European countries. The
    company represents major semiconductor franchises on a pan-European
    basis. Its many major supplier partners include NEC, Silicon
    Laboratories, Lattice, Marvell, and Zarlink.

    www.avnet-memec.eu.

    About Wavecom

    Wavecom is a worldwide leader in embedded industrial wireless
    communication solutions for automotive, machine-to-machine and mobile
    professional applications. Wavecom's solutions include the Open AT(R)
    software platform encompassing the Wavecom Open AT(R) Operating
    System, a wide range of Plug-Ins, the Open AT(R) Integrated
    Development Environment (IDE) along with a market-leading range of
    Wireless CPUs (Central Processing Units), and an expanding portfolio
    of services. These complete embedded solutions enable makers of all
    types of machines to development of a new breed of intelligent
    wireless applications, without the need of external processors and
    other ASICs (Application Specific Integrated Circuits) and components.

    Founded in 1993 and headquartered in Paris, Wavecom has
    subsidiaries in Hong Kong (China), Research Triangle Park, NC (USA)
    and Farnborough (UK). Wavecom is publicly traded on Euronext Paris
    (Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S.

    www.wavecom.com