Here is a drawing of the pin taken from the press release.

Airwave
A reader pointed out a section of the Airwave website aimed specifically to pin collectors.

The page reads...

Airwave is delighted to be a partner of London 2012 but as a tier 3 provider, we are limited in the design scope for Airwave branded London 2012 Pins, which means we are unlikely to produce more than the one design we have, and we will limit the quantity manufactured. The pins we have produced are intended for our employees to promote the Airwave role in London 2012, and as we are bound by the tier 3 rights of our association with the London 2012 Organising Committee we may only use London 2012 pins for internal distribution which prevents us from trading with the general public or the pin trading community.
As there has been in previous Games, there may be an opportunity for you to trade directly with Airwave pin recipients through an official pin trading centre should Airwave employees wish to trade (Airwave will not be setting up or running any such centre/site). However, the Airwave policy is to not serve requests from interested parties directly either before or during Games time. We regret we are unable to help individual collectors but wish you the best of luck in your pin collecting and hope you enjoy London 2012.

It's good to see Airwave explain to pin collectors what we can expect from them and why they cannot send pins. It's a much better solution that those sponsors that do not bother to return emails or letters. There's a glimmer of hope that Airwave employees may trade during the Games at the pin trading centre - here's hoping.