SOURCE: Airspan Networks Inc.

Airspan Networks Inc.

September 22, 2010 08:00 ET

Airspan and Grid Net to Enable 4G Smart Grids for Utilities

Successfully Completing Interoperability Testing for Smart Grid Infrastructure and Software

BOCA RATON, FL--(Marketwire - September 22, 2010) -  Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today that Grid Net, a global leading provider of real-time, all-IP Smart Grid and Smart Home software platforms for any device and any broadband technology, has completed a successful interoperability test with Airspan's 4G wireless infrastructure solution.

The combined Airspan and Grid Net 4G Smart Grid network solution supports localized operation and enforcement of distribution automation, smart metering, demand response, distributed generation management, and energy storage management functions across the grid.

Grid Net provides an integrated suite of software products which provide secure monitoring, reporting, and control for real-time, advanced smart grid management. The Airspan 4G infrastructure facilitates the communications path for the Grid Net network management software over a wireless, broadband 4G network operating in the 2.3 and 2.5 GHz wireless bands. Airspan base stations are deployed with over 1000 telecom operators and utilities in a wide range of applications.

The interoperability testing simulated a smart grid network consisting of smart meters with embedded 4G WiMAX chips that communicated electricity usage data directly to Airspan 4G MacroMAX base stations, which then transferred the data to the Grid Net network management server.

"The Airspan solution performed very well for us as well as the responsiveness of their team. We are excited to collaborate with a partner that shares our vision to deliver secure, reliable, standards-based, 4G smart grid solutions to utilities across the globe," said Ray Bell, Founder and CEO of Grid Net.

"Smart grid operations require a fast and secure communications infrastructure. Utilities are increasingly selecting Airspan's 4G WiMAX solution to address this need," commented Henrik Smith-Petersen, President of Global Business Development for Airspan. "Interoperability plays a vital role in the utility market and our partnership with Grid Net underlines our commitment to offer utilities a fully interoperable solution that enables seamless, real-time, secure two-way communication."

Airspan provides 4G solutions operating in frequency bands ranging from 700 MHz through 5.4/8 GHz and offers licensed spectrum leases for secure, private networks in the 1.4 GHz band.

About Airspan Networks Inc.

Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution-provider and the vendor of choice for some of the world's largest broadband wireless deployments. Developing leading-edge technology for broadband access and IP-telephony, Airspan continues to supply operators around the world with best-of-breed solutions. With direct sales offices throughout Asia, EMEA and the Americas, a worldwide network of resellers and agents, and partnership alliances with major OEMs, Airspan boasts over 100 commercial WiMAX deployments worldwide.

This press release contains forward-looking statements. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. We do not assume any obligation to update any forward-looking statements.

Contact Information

  • For Investor Relations contact:
    Charlotte Laurent-Ottomane
    Investor Relations
    Tel. +1 561.395.4581

    For Media Inquiries, contact:
    Dori Erann
    Senior Director Marketing Communications
    Airspan Networks Inc.
    Tel. +1 561.893.8687