SOURCE: Airspan Networks, Inc.

October 10, 2006 08:30 ET

Airspan Announces Addition of 5.8GHz Frequency Band to Its MicroMAX Base Station Product

BOCA RATON, FL -- (MARKET WIRE) -- October 10, 2006 -- Airspan Networks, Inc. (NASDAQ: AIRN) today announced that it has commenced shipments of its MicroMAX Base Station in the 5.8GHz frequency band.

With today's announcement, Airspan introduces MicroMAX in the 5.8GHz TDD WiMAX profile. The company will add MicroMAX frequencies in the 3.3-3.4GHz TDD band by year's end. With this latest addition to its portfolio, Airspan now offers customers the best cost-performance profile in a WiMAX base station in both licensed and unlicensed WiMAX-supported frequencies.

Airspan first announced the launch of its MicroMAX base station in March 2006 in the 3.5GHz FDD band. The base station is based on the high-performance SQN2010 WiMAX Certified™ base station system design of Sequans, and was the first cost-optimized, pay-as-you-grow WiMAX solution available in the market place. It offers service providers and network operators a unique value proposition of very high performance at an affordable price point.

Alastair Westgarth, Airspan's Chief Technology Officer, commented: "Our newest MicroMAX base station reinforces Airspan's position as a leader in addressing all segments of the broadband wireless marketplace. MicroMAX is fully optimized for WiMAX deployments using our existing Indoor EasyST and Outdoor ProST subscriber terminals and Netspan WiMAX Element Management System. We now offer customers a differentiated, all outdoor base station solution, in both licensed and unlicensed bands, that allows them to initiate service or to fill in coverage holes and to incrementally grow their systems, by adding low-cost Base Station Radios (BSRs) one by one."

The MicroMAX is Airspan's third AS.MAX Base Station, the others being MacroMAX and HiperMAX-Micro. MicroMAX complements the larger WiMAX Base Stations by being optimized for lower density deployment, such as rural areas, in-fill for coverage holes in Wireless, DSL and cable networks, Enterprise solutions and Public Safety applications.

About Airspan Networks, Inc.

Airspan Networks provides fixed and mobile wireless voice and data systems and solutions, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700MHz and 6GHz, including both PCS and 3.5GHz international bands. Airspan has a strong wireless product roadmap that includes offerings compliant with the 802.11 a/b/g and the WiMAX 802.16-2004 standard, including software upgradeability to Mobile WiMAX (the 802.16e-2005 standard). Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments with more than 350 operators in more than 100 countries. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan's new AS.TONE VoIP system is a carrier class, turnkey solution that provides carriers with Class 4, Class 5 and IP-Centrex solutions and has a Softswitch and Gateways supporting SIP/H323 and SIP. AS.Tone's design provides customers; carriers, next-generation telcos, cellular providers and ITSP with a wide range of solutions with the best price/performance system for IP telephony. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.

More information on Airspan can be found at http://www.airspan.com

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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. These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; (v) the potential loss of Axtel or Yozan as one of our largest customers; (vi) disruption to our operations in Israel, including the absence of employees due to required military service caused by political and military tensions in Israel and the Middle East; (vii) our potential inability to locate and secure additional sources of capital at the time and in the amount needed; and (viii) the risk that Yozan will materially delay or seek to cancel equipment orders. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended 31 December, 2005 and its Form 10-Q for the quarters ended April 2, 2006 and July 2, 2006. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.

Contact Information

  • For Investment and Media Inquiries, contact:
    Airspan Networks
    Peter Aronstam
    Senior Vice President
    Chief Financial Officer
    Airspan Networks, Inc.
    Tel: +1 561 893-8682
    Fax: +1 561 893-8681
    Email: Email Contact