Press Release

Wave7 Optics Garners Prestigious "Technology Pioneer" Designation from the World Economic Forum

World Economic Forum, based in Geneva, announcing today
their Technology Pioneers for 2005

Atlanta - December 6, 2004 - Wave7 Optics Inc., the world's leading supplier of point-to-multipoint Ethernet FTTP (fiber-to-the-premises) systems for residential and business services, today announced the company has been named a "Technology Pioneer" for 2005 by the World Economic Forum.

"Companies selected as Technology Pioneers are developing and applying the most innovative and transformational technologies," said Sohini Chowdhury, Senior Community Manager, Technology Pioneers. "Wave7 Optics represents well this year's class of companies, who are at the forefront of cutting-edge work in fields such as nanotechnology, drug development, renewable energy and telecommunications. We believe the companies we select as Technology Pioneers have the potential to significantly impact the way business and society operates."

"This recognition gives credit to our team, our investors, our unparalleled optical broadband technology and to our customers around the world who are deploying our Last Mile Link system to provide extremely high-bandwidth triple-play voice, video and data services," said Tom Tighe, CEO of Wave7 Optics. "This is a fitting way to cap a great year for us - one that saw us triple revenues compared to 2003, establish leadership in the North American market and enter multiple new markets internationally. We have a good deal of momentum going into 2005 and we look forward to meeting the growing worldwide demand for FTTP with new products and through our existing and new technology and sales partnerships."

In line with the Forum's commitment to improving the state of the world, the Technology Pioneers program was established in 2000 to provide a new perspective on technological change. The program is run by the World Economic Forum, with Apax Partners and Deloitte Touche Tohmatsu as Strategic Partners.

Through its Technology Pioneers program, the Forum identifies and integrates those companies around the world that are involved in the design and development of new technologies. Each innovation, whether it has large or small consequences, is another step in society's attempt to harness, adapt and utilize technology to change and improve our world. The World Economic Forum is invested in monitoring and highlighting these innovations and exploring possible societal repercussions.


About Wave7 Optics
Wave7 Optics has established itself as an industry leader in optical broadband access systems with an expanding FTTP product portfolio featuring a variety of architectural options, based on Ethernet and IP or ATM standards, for "triple play" voice, video and data services. The company's patented Last Mile Link system is rapidly gaining market share around the world with service providers in the IOC, CLEC, MSO, municipal, real estate development and utility categories.


About the World Economic Forum
The World Economic Forum (www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

For more information please contact emmanuel.vella@w7optics.com.

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