Airspan Introduces AirCore 4G LTE Evolved Packet Core (EPC) Solution

BARCELONA, SPAIN--(Marketwire - Feb 29, 2012) - MOBILE WORLD CONGRESS - Airspan Networks Inc., a leading provider of 4G broadband wireless access networks, introduced today AirCore, their LTE EPC solution, to assist carriers in controlling customer access to the LTE network as well as manage the data flow, mobility and service quality.

AirCore is a comprehensive Evolved Packet Core (EPC) solution consisting of all core elements including Mobility Management Entity (MME), Serving Gateway (SGW), PDN Gateway (PGW), Home Subscriber Server (HSS), and Policy and Charging Rules Function (PCRF). All these elements work together in a single platform to provide carriers 'network-in-a-box' functionality for an easy to manage network.

The AirCore EPC supports lower-latency, higher-throughput and lower-cost voice and data services. AirCore enables operators to determine the treatment of service IP packets in line with their technical and commercial goals. This is essential to be able to monetize and profit from the expense of mobile broadband networks, as well as guarantee subscribers the connectivity they require for an enjoyable user experience.

AirCore accompanies Airspan's LTE radio access network (RAN) base station solutions (pico, micro and macro) to offer network operators a comprehensive LTE product portfolio to ensure that the right combination of products can be deployed to get the right coverage, capacity and services based on their particular data traffic needs, topographies and business plans. AirCore can support smaller footprints and then be easily scaled to support larger networks as the user base grows.

AirCore Key Highlights

• Highly scalable architecture and carrier-class platform
• Flexible Licensing model based on number of Subscribers
• "Network-in-a-box" functionality
• Low-footprint LTE mobility platform with support up to 200K simultaneous subscribers
• Superior performance-to-price ratio
• Support for fixed, mobile and nomadic subscribers
• Broad LTE and LTE- Advanced interface support
• Interworks with legacy (2G, 3G and non-3GPP) systems and maintains seamless mobility
• Easy to manage with CLI/SNMP/GUI/Web interfaces

"Airspan is committed to delivering the highest standard in LTE technology," commented Uzi Shalev, Airspan Chief Operating Officer. "The inherent intelligence of our EPC solution will enable operators to run more efficient, cost-effective networks that deliver the throughput and services their customers require. We have incorporated leading internal and third party technology into this solution including the innovative 'EPC' software framework from Aricent to support the 'network-in-a-box' functionality for both large and small LTE networks."

Airspan's comprehensive product portfolio will be on display in the Airspan booth (Hall 1, #C53) until March 1, 2012 at the Mobile World Congress show taking place in Barcelona, Spain.

About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands. www.airspan.com.

Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. 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.