Wavecom Awarded Trophy For Innovation By Automotive Group PSA Peugeot Citroen

Regulatory News:

Wavecom S.A. (Paris:AVM) (NASDAQ:WVCM) received the distinction of
being awarded the 2008 trophy for innovation at a ceremony organized
by the group Automotive Design (ADN) Center of PSA in Velizy (France)
last Monday, March 10. This year´s award for innovation was given to
Wavecom in recognition of its revolutionary inSIM(R) embedded SIM
concept.

The robust, industrial design of the inSIM(R) ensures proper
functioning in harsh climatic conditions such as extremes of
temperature, vibration and humidity which reduces the risk of
disconnected devices that are often linked to high-value,
time-sensitive transactional data.

Being recognized by the automotive sector is particularly
significant since it is a true standard for innovation, quality and
reliability. Wavecom´s inSIM(R) was developed in collaboration with
Wavecom´s expertise and automotive engineers. It draws on the specific
automotive experience and goes one step further in wireless
communication for the automotive industry.

Michel Alard, Wavecom President accepted the honor stating,
"Receiving an award is always gratifying, especially since it confirms
that what were doing is inline with what the market needs. We are
particularly proud of the embedded SIM concept (inSIM(R)) and being
recognized by the PSA Peugeot Citroen group is a true distinction."

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 (ApplicationSpecific 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