Wavesat Inc.

Wavesat Inc.

May 22, 2006 09:08 ET

Wavesat Named Most Innovative Wireless Broadband Company of the Year at the 2006 WBI Awards

MONTREAL, QUEBEC--(CCNMatthews - May 22, 2006) -

Wavesat's Unique WiMAX Mini-PCI Solution and Innovative Approach to Low Cost and Flexible CPEs Receives Highest Industry Recognition

Wavesat, leading developer of WiMAX chipset, software and development tools today announced that it has been named Most Innovative Wireless Broadband Company of the Year at the 2006 Wireless Broadband Innovation (WBI) Awards. The winners were selected by an independent judging panel and announced on May 17th at the gala dinner and awards ceremony at the Cafe Royal in London in front of the Who's Who of wireless broadband.

The Wireless Broadband Innovation Awards are the hotly contested independent awards for users and service providers of wireless broadband worldwide. The WBI Award categories cover excellence in service provision; in enterprise deployment by the end-user; in product development; and personal and corporate achievement. The complete list of winners is available online at www.wbiaward.com.

"We are delighted to have seen such a diverse, international shortlist. Wireless is not a local phenomenon - it's global, and it's great that the judges have recognized entries from Canada, Portugal, Africa, New Zealand, Sweden, Japan, The Netherlands and Germany," commented Piers Bearne, co-founder of the WBI Awards. "We congratulate Wavesat for their achievement in 2006 and on winning the Most Innovative Broadband Company Award."

The awards, which recognize leadership, innovation and excellence in wireless broadband development and deployment, received entries from over 150 companies from 30 countries across the world, of an exceptionally high standard, according to award organizers.

Michel Guay, CEO of Wavesat, added, "We are proud to be recognized by such a distinguished panel of judges at this prestigious event. This honor is a real testament to our entire team's ability to bring highly innovative WiMAX products to the market, as well as bringing value to the industry. Wavesat's WiMAX solutions are effecting major changes to the market and ensuring faster deployment of commercial and enduring applications."

Wavesat Product Portfolio

Wavesat is the first company to have received WiMAX Forum Certified™ seal for its CPE Design earlier this year.

Wavesat's award-winning WiMAX product portfolio is a complete and cost-effective solution supporting all the necessary features to design base stations and subscriber units for WiMAX fixed, basic mobility and full mobility market segments. It also features the industry's only WiMAX Mini-PCI card. Chosen by ODMs and OEMs worldwide, Wavesat products fit design requirements for Customer Premises Equipment (CPE) as well as Base Station infrastructures (Carrier's facilities), providing effective wireless connectivity for a wide range of network sizes and coverage from urban to rural applications.

About Wavesat

Founded in 1993, Wavesat Inc. is a fabless semiconductor company focused on the development and supply of baseband chips for WiMAX compliant systems. Wavesat is headquartered in Montreal, Canada where it conducts research and development activities. Wavesat is a privately held company. Key investors include BDC Venture Capital, Monet Capital, Multiple Capital, Pac-Link Management Corp., Skypoint Capital Corporation, Solidarity Fund QFL and Sunsino Ventures Group.

Wavesat is a Principal member of the WiMAX Forum, a nonprofit corporation formed to certify the compatibility and interoperability of Broadband Wireless devices conforming to the 802.16 wireless MAN and ETSI HiperMAN specifications and to help accelerate the introduction of these devices into the marketplace.

Wavesat was awarded the 2005 Frost & Sullivan Technology Leadership Award and 2005 InfoVision Award for its unique Evolutive WiMAX Series. Please visit the company's web site at www.wavesat.com.

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