Wavesat Inc.

Wavesat Inc.

June 08, 2006 14:40 ET

FierceWiFi Awards Wavesat as One of the "Fierce 15" Mobile Broadband Company of 2006

MONTREAL, QUEBEC--(CCNMatthews - June 8, 2006) -

Wavesat named Fierce 15 for its hands-on strategies to making WiMAX an ideal last-mile solution - increasing customer reach, lowering CPE cost, and enhancing vendor interoperability

Wavesat, leading developer of WiMAX chipset, software and development tools today announced it has been named to FierceWiFi's annual Fierce 15 list, honoring Wavesat for its innovation in the wireless broadband marketplace. FierceWiFi is an internationally recognized email newsletter published by FierceMarkets (www.fiercemarkets.com), designed to provide executives with up-to-date information on the burgeoning WiFi marketplace.

"Wavesat begins with the right approach: 802.16 holds the promise of offering a viable alternative for cable and DSL. The company is a FierceWiFi 15 for its attention to solving the three obstacles to making WiMAX an ideal last-mile solution - increasing customer reach, lowering CPE cost, and enhancing vendor interoperability," said Ben Frankel, editor of FierceWiFi.

"We look to FierceWiFi to provide us with the necessary information to remain informed and competitive in today's fast-paced mobile broadband industry," said Michel Guay, Wavesat CEO. "We are delighted that our leadership position has been recognized by such a leading news outlet. Our selection as a Fierce 15 is another example of the increasing market changes we are effecting in the WiMAX industry to ensure faster deployment of commercial and enduring applications."

The Fierce 15 celebrates the spirit of being "fierce" - championing innovation and creativity, even in the face of intense competition. The complete list of Fierce 15 companies is available on the FierceWiFi Web site at www.fiercewifi.com.

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 FierceMarkets

FierceMarkets is a Washington, DC-based e-publishing company that provides critical market information for elite business decision-makers in specialized industries. FierceMarkets publications reach more than 350,000 top-level executives in over 100 countries every business day. Current newsletters include FierceBiotech (www.fiercebiotech.com), FierceCIO (www.fiercecio.com), FierceDeveloper (www.fiercedeveloper.com), FierceEnterprise (www.fierceenterprise.com), FierceFinance (www.fiercefinance.com), FierceHealthcare (www.fiercehealthcare.com), FierceIPTV (http://www.fierceiptv.com), FierceMobileContent (www.fiercemobilecontent.com), FierceVoIP (www.fiercevoip.com), FierceWiFi (www.fiercewifi.com), FierceWireless (www.fiercewireless.com), and IT-Wireless (www.it-wireless.com).

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. Please visit the company's web site at www.wavesat.com.

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