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Powerwave Technologies Introduces High Performance MCPA For Global Network Operators

Multi-protocol capability provides evolutionary path from GSM to W-CDMA

SANTA ANA, Calif. - Mar. 22, 2004 - Powerwave Technologies Inc. (NASDAQ:PWAV) today introduced its next generation 1800/1900 MHz MCPA solution for global network operators. The G3L-1929-120 MCPA is the latest release in the Powerwave family of high performance, low cost, coverage and capacity solutions for network operators. The G3L-1929-120 MCPA is the highest performance Powerwave product to date for this market and its multi-protocol capability provides network operators with a path from GSM to W-CDMA without requiring a change or upgrade to the amplifier. The MCPA’s compact size and modular platform architecture enables multiple configurations to meet a variety of coverage and capacity growth applications for both indoor and outdoor environments.

“Powerwave’s integrated MCPA solutions provide network operators with a compelling value proposition via a powerful combination of economy and performance,” said Bruce C. Edwards, president and chief executive officer of Powerwave Technologies. “This new generation of integrated MCPA solutions represents the latest in our efforts to provide our network operator customers with industry leading solutions.”

About Powerwave Technologies
Powerwave Technologies, Inc., a TL 9000 and ISO 9001 quality certified company, is a leading supplier of high performance RF power amplifiers for use in wireless communications networks. Powerwave designs, manufactures and markets both single carrier and multi-carrier RF power amplifiers for use in cellular, PCS and 3G base stations throughout the world. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. Telephone (714) 466-1000. For more information on Powerwave high performance ultra-linear RF power amplifiers and amplifier systems, please call (888)-PWR-WAVE (797-9283) or visit our web site at www.powerwave.com. Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.

Forward-Looking Statements
The foregoing statements regarding the introduction of new products and the benefits to be derived from the new products are “forward looking statements.” All of these statements are subject to risks and uncertainties which could cause our actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, in no particular order: unexpected technical difficulties in developing new products which could result in delays in the availability of the new products; undetected technical problems which could impact the performance of the new products; difficulties or delays in obtaining customer qualification of new products; delays in deployment of 3G systems by wireless OEM’s and delays in acceptance of 3G systems by network operators; we require continued success in the design of new amplifier products and such products must be manufacturable and of good quality and reliability; the ramp up of new engineering projects and product lines incurs many additional costs and if customer demand for such new products is not large enough, such costs may have a negative impact on our operating results; our business requires continued favorable business conditions and growth in the wireless communications market. More detailed information on these and additional factors which could affect Powerwave operating and financial results are described in the Company’s Form 10-K for the fiscal year ended December 28, 2003, which is filed with the Securities and Exchange Commission, and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission. Powerwave urges all interested parties to read these reports to gain a better understanding of the many business and other risks that the Company faces. Additionally, Powerwave undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

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