Wavesat Selected as Finalist for Best of WiMAX World Europe Awards’ Industry Choice

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

Phoenix, AZ, May 29, 2007 – xchange announced today that Wavesat has been selected as a finalist to receive the Industry Choice WiMAX World Europe 2007 Award for its WiMAX Mini-PCI design. The awards recognize leaders in the development and deployment of WiMAX technologies. Nominations were open to exhibitors and sponsors of the WiMAX World Europe Conference being held May 29-31, in Vienna, Austria. Having received nearly 40 submissions, a select judging panel of experts from the WiMAX community narrowed the field to 13 finalists, including Wavesat’s WiMAX Mini-PCI. It is now up to their peers to determine the winner.

Conference delegates will vote for the Industry Choice Award at the event, and the winner will be announced live during the WiMAX World Europe Awards presentation at a cocktail reception following the close of the first day’s convention sessions at the Austria Center Vienna. Hosted by Eliot Weinman, president of Trendsmedia, the events and publishing division of Yankee Group that produces WiMAX World Conferences & Expos, and Mike Saxby, group publisher of xchange magazine, the awards also will be given to outstanding WiMAX technology innovators in five additional categories. All winners will be featured in the July issue of xchange magazine as well as on the WiMAX World and xchange Web sites.

“xchange congratulates all the finalists in this contest. The WiMAX World community is proving to be a fertile ground for innovation, so making the cut is an honor in itself,” said Saxby.

“Yankee Group would also like to congratulate all of the finalists,” said Weinman. “These leaders of the WiMAX community all deserve recognition, and Yankee Group is honored to provide the platform from which to do so.

Michel Guay, CEO of Wavesat, commented, "We are proud that Wavesat and its WiMAX Mini-PCI design are recognized by the industry at this prestigious event. Wavesat’s WiMAX solutions are effecting major changes to the market and ensuring faster deployment of commercial and enduring applications.”

Finalists were selected by an independent judging panel, including Craig Mathias, principal, Farpoint Group; Will Strauss, principal analyst, Forward Concepts; Adlane Fellah, CEO and founder, Maravedis Inc.; Caroline Gabriel, lead research analyst, Rethink Research; Philip Marshall, vice president of enabling technologies, Yankee Group; James Farstadt, founder and president, rClient LLC; and representatives from xchange and Trendsmedia.

About Wavesat WiMAX Portfolio

Wavesat's award-winning and WiMAX Forum Certified™ WiMAX products support both base stations and subscriber units for licensed and license-exempt radio frequencies. Wavesat provides a full-range of standards-based integrated circuits, software, and development platforms supporting IEEE 802.16-2004 and 802.16e-2005 standards.

Featuring the industry’s only WiMAX Mini-PCI card and chosen by ODMs and OEMs worldwide, Wavesat’s WiMAX portfolio provides effective wireless connectivity for a wide range of network sizes and coverage from urban to rural applications.

Wavesat provides solutions for each WiMAX market segment including:

· Fixed (access points, backhaul, DSL extensions) with 802.16-2004 OFDM Evolutive™ solutions

· Nomadic & Portable (fixed system to include high-speed connectivity for laptop and portable applications) with 802.16d+ OFDM Evolutive™ products

· Full mobility with 802.16e-2005 sOFDMA UMobile™ WiBro/WiMAX product family

About xchange

Founded in 1996, xchange is a monthly magazine for facilities-based service providers offering voice, data, wireless, IP, WiMAX and content. Its seasoned editors do more than simply report on industry news; they dig beneath the surface to provide analysis on what new equipment, new services, new regulatory activities and other new developments mean to xchange’s readers. The publication has a quarterly IPTV supplement called On the Tube; an annual print and online buyer’s guide; a companion Web site, www.xchangemag.com; a weekly newsletter, xchange xtra; and it hosts Webinars and publishes eBooks on special topics on a periodic basis.

About Trendsmedia

Trendsmedia is an integrated media firm serving emerging technology markets. Trendsmedia’s mission is to help their clients stay ahead of the major technology trends that are likely to impact their businesses significantly. Trendsmedia provides their clients with independently researched and produced media products that target emerging technology markets in depth, including focused conferences, independently produced online media, and in-depth newsletters and market intelligence studies. For more, see www.trendsmedia.com.

About WiMAX World Conference & Expo

WiMAX World Conference & Expo is the largest event series in the world focused on WiMAX and mobile broadband. WiMAX World Conference & Expo is dedicated to providing a balanced view of where WiMAX stands today and what role it will play in the future of one of the fastest-growing market segments in the world – wireless and mobile broadband. WiMAX World incorporates all of today's converging and diverging issues surrounding WiMAX and mobile broadband. WiMAX World provides a comprehensive view of all the related technologies, as well as regulatory and spectrum challenges, and the business opportunities and risks as they relate to all the key constituencies involved in this critical marketplace. In 2007, WiMAX World will be produced in Asia, Europe and the United States. For more information, visit www.wimaxworld.com.

About Wavesat

Wavesat is a privately held fabless semiconductor company developing WiMAX chipsets, software and reference designs, enabling OEMs and ODMs to be first to market with high performance and cost effective WiMAX compliant solutions. Featuring the first WiMAX Forum certified CPE design, Wavesat provides solutions for each WiMAX market segment from Fixed to Mobility. Please visit the company’s web site at www.wavesat.com.

NOTE: All registered and unregistered trademarks mentioned in this release are the property of their respective owners.