Collins Stewart, LLC Fourth Annual Growth Conference July 9, 2008

1. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements that involve risks and uncertainties. Statements of the Company’s plans, objectives, expectations and intentions and statements containing terms such as “believe”, “expects”, “plans”, “anticipates”, “may” or similar terms are considered to contain uncertainty and are forward-looking statements. Similarly, statements that describe the Company’s business strategy, outlook, objectives, plans or goals also are forward-looking statements and are based on information available to management at the time of such statement. Such statements are not guarantees of future performance and involve risks, uncertainties and assumptions, including risks related to the ability to integrate the acquisitions as planned, the ability to compete in the highly competitive markets, rapid changes in technologies that may displace products and services sold by the combined company, declining prices of networking products, the combined company's reliance on distributors, delays in product development efforts, uncertainty in consumer acceptance of the combined company's products, changes in the company’s level of revenue or profitability, expectations and stability of the international business environment in which the company operates, availability and cost of raw materials and labor, loss of major customers or significant change in demand from company forecasts, projections of future performance, future financial and operating results, as well as the other risks detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended August 31, 2007. The company does not assume any obligation to update any information contained in this release. This disclosure speaks as of the date of its most recent posting July 9, 2008, and the Company cannot assure its accuracy after that date and does not undertake to update the disclosures contained herein. Collins Stewart, LLC Fourth Annual Growth Conference July 9, 2008

2. RFM Value Creation Strategy for Customers and Shareholders + • Expanded product offerings through acquisitions; become the leader in growing M2M markets • Condition Based Monitoring and Control 2006 / 2007 Move Toward Becoming M2M Solutions Company + • Maintain strong financial position • Grow Revenue 2007 / 2008 Financial Growth in M2M Solutions • Improve Margins • Control Expenses • Higher value solutions provider for customers… higher valuation company for shareholders Higher Value • Build upon our established profitable, cash generating core businessin Wireless Components and low power radio technology 1979 thru 2006 Core Business RF Components

3. Wireless Components Group Wireless Connectivity FILTERS & FREQUENCY CONTROL COMPONENTS Wireless Connectivity LOW-POWER COMPONENTS SimpleConnectivityto millions of processes, devices, and machines

4. Wireless Solutions Group Telemetry and Data Acquisition SAW-BASED AND RFIC SHORT-RANGE RADIOS Wireless Sensor Networking READY-MADE RF MODULES FOR OEMS Asset Management and Maintenance ENTERPRISE ASSET MGMT WITH CONDITION-BASED MAINTENANCE MGMT GlobalConnectivityto billions of processes, devices, and machines

5. Gross Profit Margins 60% 50% 40% Software and Services Modules 30% 20% Components Transforming Margins • Commitment toleadership positionin the emerging M2M market • Broadest embedded moduleoffering in the marketplace based on various radios • Emphasis onincreasing gross marginand optimizing operational efficiencies • Value-added application andservicessoftware capabilityfor enterprise-class EAM and CMMS deployments

6. Revenue and Margin Expansion Move Toward M2M with the Creation of Wireless Solutions Group 45 40 35 >8% Increase In Revenue Revenue 30 25 >28% Increase In Gross Margin Gross Margin 20 Revenue ($M) GPM 4Q05 3Q08 4 Quarter Trailing Averages on a Quarterly Basis Goal Increased Revenue Expanded Margins $16 $14 • Product Mix Shift towards Wireless Solutions • Fabless business model for components $12 $10

7. Economic PressureRefine Focus • Two Distinct Offerings • Sizable, Profitable Hardware Products Offering, with Positive Cash Flow • Solutions Offerings for Emerging Markets Requiring Continued Ongoing Investment and is not yet Profitable • Monitoring near term indicators and events to determine our level of investment • Returning to Profitability and Positive Cash Flow

8. Decisive Actions • Fabless Business Model (~$5.0M in Annual Savings) • Consolidation, Centralization and Process Efficiency Initiative (~$1.7M in Annual Savings) • Restructuring • Reorganization • Consolidating Office Space (~$400K in Annual Savings)

9. Growth Opportunities • Chinese Cellular Base Stations – Filters • Satellite Radio Penetration – Filters • Medical – Low Power Radios, Modules • Vehicle Tracking – Low Power Radios • M2M – Single Chip ZigBee Modules • Facilities Management – Custom Module Solutions

10. FinancialHighlights

11. Q4’08 Guidance • Overall Flat to Slightly up from Q3’08F • Sales:$12.5M - $13.5M. • Gross Profit Margin:35.0% - 37.0% • EPS:Non–GAAP Loss $0.04 - $0.09 / share

12. 2008 FY Estimates • Sales - $56.0-57.0M. Flat with ‘07F • Gross Profit Margin – 37-38% Approx 500 Basis Points Improvement • Non-GAAP EPS Loss: $0.03-$0.05 / share • Full Year Operating Cash Flow Neutral to a Small Net Cash Investment

13. Summary • Building upon a core profitable and positive cash flow Hardware business • Implemented a series of cost reduction initiatives • Monitoring near-term events to determine investment levels in the new business based on a goal of profitability and positive cash flow by early in calendar year ‘09