Regulatory News:
Wavecom (Paris:AVM) (NASDAQ:WVCM) (ISIN:FR0000073066) today announced that PSA Peugeot Citroen, a global leader in advanced automobiles has selected Wavecom wireless technology for integration in its future generations of intelligent cars.
Through the emergence of new mobile communication technology, using on-board telematics functionality, leading car manufacturers, like PSA Peugeot Citroen, can now propose new in-vehicle services for enhanced safety and a better mobility. "We are pleased to lead the way in Europe for in-board communications and emergency services that should significantly reduce the risk of fatalities on European roadways, commented PSA Peugeot Citroen head of telematic applications, Mr. Arnaud de Meulemeester. He added, "This leading-edge technology has allowed us to develop new service offerings for car-owners that should increase automotive safety and enhance overall automobile performance.
PSA Peugeot Citroen plans to equip more than half of a million cars over a four-year period starting in 2009 with cellular communications capabilities. This technology supports integrated, quality hands-free voice communication as well as PSA Peugeot Citroen's emergency call management service, "Peugeot and Citroen Urgence (Peugeot and Citroen Emergency). This emergency service opens a direct voice contact in case of an accident and if needed, immediately dispatches rescue teams to the exact location where the accident has occurred, thanks to on-board GPS localization capability. PSA Peugeot Citroen announced recently that its emergency call system has been certified by the French department of public safety, confirming the carmaker's lead in tertiary safety.
The next generation telematics functionality for PSA Peugeot Citroen cars will be built on Wavecom's Q2686 Wireless CPU® and will use Wavecom's Open AT® Software Suite offering a variety of features to customize solutions for the automotive industry.
Wavecom has been a supplier to PSA Peugeot Citroen's systems integrators since 2001.
Frank Souguir, Wavecom Group Vice President for the EMEA region, said, "The ability to have regular data transfer between cars and car manufacturers from the time they roll off the factory floor is expected to trigger a whole host of additional services from the car manufacturers that will ultimately enhance car performance, reduce recalls and increase driver and passenger security, adding "Wavecom is excited to play a major role in the development of this leading-edge technology.
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® software platform encompassing the Wavecom Open AT® Operating System, a wide range of Plug-Ins, the Open AT® Integrated Development Environment (IDE) along with a market-leading range of Wireless CPU®s (Central Processing Units), and an expanding portfolio of services. These complete embedded solutions enable makers of all types of machines to develop a new breed of intelligent wireless applications, without the need of external processors and other ASICs (Application Specific Integrated Circuits) and components.
Founded in 1993 and headquartered in Paris, Wavecom has subsidiaries in Hong Kong (PRC), Research Triangle Park, NC (USA), San Diego, CA (USA), Camberley (UK). Wavecom is publicly traded on Euronext Paris (Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S.
www.wavecom.com
