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ioWave Inc. Selects Wavesat as Its Supplier of 
Broadband Wireless OFDM Modem Technology

    ioWave Inc. specializes in the design, distribution and support of high-speed, point-to-point, and point-to-multipoint wireless platforms. ioWave's products are used for the transmission and reception of voice, video, and data over broadband communications networks.

    "The selection process involved a comprehensive review and rigorous testing of several modem technologies, with a particular focus on the need to achieve breakthrough performance levels to meet market demand," said Dan Saginario, ioWave's President and CEO. Dan continued, "Test results confirm that when Wavesat's Non Line-of-Sight (NLOS) modems are integrated into ioWave's ioUltima Smart Antenna system, the combined results exceed the spectral efficiency and market coverage expectations of the individual products as well as all known alternatives."

    "The Wavesat OFDM modem, when integrated with ioWave's traditional wireless products and its newly acquired Hybrid Point-to-Multipoint Fixed Wireless Local Loop system as enhanced by ioWave's Smart Antenna technology, will result in a `best in class' product offering in the global wireless systems industry," commented Michel Guay, President and CEO of Wavesat.

    Wavesat has developed an innovative Orthogonal Frequency Division Multiplexing (OFDM) modem using patented technology to serve as a "last mile" wireless solution for broadband internet and voice access. The company's modem will be the key enabler for second-generation fixed wireless systems.

    The result of this technology is an OFDM modem that is significantly more efficient and less expensive, while offering superior Non Line-of-Sight (NLOS) performance for next generation BWA systems. To date, Wavesat, is the first company to have shown field results on OFDM to the IEEE 802.16 Committee.

    About ioWave Inc.
    ioWave Inc., headquartered in Arlington Virginia, develops and distributes a portfolio of broadband wireless solutions worldwide. Its current family of Point-to-Point and Point-to-Multipoint products enable license-free operation of wireless networks with data speeds of up to 45 Mbps, that can operate with nodes as far away as 45 miles, utilizing various advanced techniques including a proprietary version of spread spectrum technology.

    Each product has multiple interface options enabling simple interconnection to existing networks. Through strategic relationships with other industry participants, ioWave also offers total turnkey solutions that use a variety of wireless technologies. For additional information about ioWave, please visit the company's web site at www.iowave.com.

    About Wavesat Wireless Inc.
    Founded in 1993, Wavesat Wireless Inc. is a developer and manufacturer of OFDM Broadband Wireless Access ("BWA") and Microwave Network products. Wavesat is headquartered in Montreal, Canada and also operates a final assembly and test facility in this city. The company has approximately 60 employees, including 38 engineers. Wavesat is a privately held company. Key investors include Skypoint Capital Corporation, BDC Venture Capital, Innovatech du Grand Montreal and Monet Capital. For additional information about Wavesat, please visit the company's web site at www.wavesat.com.

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             CONTACT: 
             Wavesat Wireless Inc.
             Eric Gregoire, 514/956-6351
             egregoire@wavesat.com
             or
             ioWave Inc.
             George Martin, 703/979-9283
             gmartin@iowave.com