NextWave Wireless and EB Collaborate to Develop Innovative Mobile WiMAX Handset Reference Design

NextWave Wireless Inc. (NASDAQ: WAVE), a global provider of mobile
multimedia and wireless broadband technologies and EB (OMX: EBG1V), a
technology powerhouse with more than 20 years experience in solutions
for wireless and automotive industries, have decided to collaborate to
bring one of the first commercial mobile WiMAX handset reference
designs to the global market for wide-scale deployment. The device
will debut next week at the 2008 GSMA Mobile World Congress in
Barcelona.

EB and NextWave Wireless have developed a complete reference
design based on NextWave Wireless´ first-generation WiMAX chipset.
Together, EB and NextWave Wireless will provide wireless device
manufacturers the opportunity to bring mobile WiMAX products to market
faster, and with lower development costs.

Core to this cooperation are innovations such as cutting-edge 4G
wireless silicon from NextWave, and compact handset form-factor and
unique reference design integration expertise from EB. This synergy
enables rich capabilities, including carrier-grade VoIP (Voice over
Internet Protocol) and high-speed multimedia services on a
consumer-friendly device.

"Through our collaboration, NextWave Wireless has successfully
demonstrated VoIP calling over mobile WiMAX in a handset form-factor,"
said Arto Pietila, executive vice president, EB Mobile Terminal
Solutions. "This project demonstrates EB´s ability to turn
next-generation wireless technologies into enriching end-user
experiences."

As the main platform integrator, EB´s role includes platform
specification, hardware development, form-factor mechanical design,
antennae specification, software configuration and integration of 3rd
party components. EB´s end-to-end expertise in mobile WiMAX, from
network elements to handsets and air-interface testing, makes EB the
ideal development partner within the industry.

The handset reference design uses NextWave Wireless´ NW1100 WiMAX
baseband mobile subscriber SoC (System on a Chip) band and its
companion multi-band RFIC (Radio Frequency Integrated Circuit), the
NW1200. The handset reference design has been developed to provide
customers with an ultra-low-power, integrated mobile WiMAX solution
for improved performance, reduced power consumption, advanced
multimedia application usage, and seamless operation and roaming
across major global WiMAX spectrum allocations, including 2.3 ~ 2.7
GHz and 3.4 ~ 3.8 GHz, and their local variations such as the WCS
(Wireless Communications Service) and EBS/BRS (Educational Broadband
Service/Broadband Radio Service) bands in America.

"Creating a powerful off-the-shelf solution for WiMAX network
operators is just part of NextWave´s strategy for accelerating
deployment of mobile WiMAX services," said James Brailean, CEO, Mobile
Products Division, NextWave Wireless. "With EB, we´ve addressed two
critical issues for network operators: time-to-market and a
differentiating handset solution."

Technical demonstrations of the NextWave Wireless/EB mobile WiMAX
reference design will be offered by appointment-only at NextWave´s
stand at the upcoming 2008 GSMA Mobile World Congress in Barcelona
(February 11-14, 2008). (www.mobileworldcongress.com/homepage.htm).
Come visit NextWave Wireless on the Avenue in Stand AV40 or EB in Hall
1 in the Finnish Pavilion, Stand Block 1F07.

About EB, Elektrobit Corporation

EB creates advanced technology and turns it into enriching
end-user experiences. EB is specialized in demanding embedded software
and hardware solutions for wireless and automotive industries. The net
sales for the year 2007 totaled MEUR 144,3. Elektrobit Corporation is
listed on OMX Nordic Exchange Helsinki. www.elektrobit.com

About NextWave Wireless

NextWave Wireless Inc. (Nasdaq: WAVE) is engineering the future of
mobility by providing next-generation mobile multimedia and wireless
broadband technologies to the world´s leading mobile handset
manufacturers, network equipment suppliers, and wireless service
providers. From mobile television and mobile broadband systems to
semiconductors and device-embedded mobile multimedia software that can
be found in more than 200 million handsets around the globe, NextWave
is evolving the way consumers experience mobile multimedia content. In
addition, the company´s global spectrum footprint allows service
providers to deploy next-generation wireless broadband networks
utilizing NextWave´s advanced wireless broadband products and
technologies. For more information, visit NextWave at
www.nextwave.com.

NextWave Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" for
purposes of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. There can be no assurances that
forward-looking statements will be achieved, and actual events or
results could differ materially from the events or results predicted
by such statements. Important factors that could cause actual events
or results to differ materially are discussed in greater detail in the
filings of NextWave with the Securities and Exchange Commission. All
such documents are available through the SEC´s website at www.sec.gov.
NextWave make no commitment to update any forward-looking statements
in order to reflect subsequent changes in events or circumstances
except as may be required pursuant to applicable law.