Contact Information: For Investor Relations and Media Inquiries, contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email: Charlotte Laurent-Ottomane Investor Relations Tel. +561 395 4581 Email:
Airspan Obtains WiMAX Forum(R) 2.5 GHz Certification for Mobile WiMAX(TM)
Advanced MIMO Feature Set Provides Superior Performance
| Source: Airspan Networks Inc.
AMSTERDAM, THE NETHERLANDS--(Marketwire - June 17, 2008) - Airspan Networks Inc. (NASDAQ : AIRN ), a leading provider of WiMAX™-based broadband wireless access
networks, today received the WiMAX Forum Certified™ seal of approval for
the company's MiMAX Q-Series USB Mobile WiMAX subscriber terminal. The
WiMAX Forum® announced the first recipients of this significant industry
milestone at a press conference today at the WIMAX Forum Global Congress in
Amsterdam.
Certification of Mobile WiMAX products and solutions fulfils a critical
step in Airspan's strategy to capitalize on the company's industry-leading
footprint of fixed-WiMAX-compliant software-upgradeable commercial
networks. Declan Byrne, Chief Marketing Officer at Airspan, stated, "Our
current customer base is closely watching our progress in Mobile WiMAX.
Getting out there with these advanced capabilities assures our current
customers that they can continue growing their 802.16d-2004 networks with
an upgrade path on their schedule, or start deploying 802.16e-2005 networks
from Airspan now. New customers, who might have been waiting for the 2.5
GHz MIMO feature set, can be assured that Airspan is their choice to
provide these cutting-edge technologies. Our strategy has always been to
provide customers with maximum flexibility and performance, and the
certification today shows that there isn't a trade-off in time-to-market."
"Conversations with our customers drove our decision to bypass the first
certification round for Mobile WiMAX™ so that we could focus on the
added capabilities of the latest 2.5-GHz profile," commented Paul Senior,
CTO of Airspan and WiMAX Forum Board Member. "It's a real testament to our
development team and our partners that we have accomplished our goal to be
certified in the first round of 2.5 GHz certification."
"The WiMAX Forum would like to thank Airspan Networks and the other member
companies that have worked so hard to achieve today's milestone and
enabling the Forum to continue to reach critical objectives with the
ongoing certification of Mobile WiMAX equipment," said Ron Resnick,
president of the WiMAX Forum, during a press conference at the WiMAX Forum
Global Congress in Amsterdam. "Airspan has played an important role in
WiMAX Forum's success of driving market momentum by enabling us to move
closer to delivering on our plan to certify more than 100 Mobile WiMAX
products in 2008. Our six independent WiMAX Forum certification labs are
on now online to manage the anticipated increase of products to be
submitted for certification."
The MiMAX Q-Series USB from Airspan is a quad-band MIMO USB dongle for
laptops and personal computers. Now certified by the WiMAX Forum for the
2.5-GHz band, MiMAX also operates in nearly every applicable WiMAX
frequency from 2-GHz and up to 5-GHz frequencies. Certification includes
thorough assessment of the features required in the WiMAX Forum 2.5 GHz
profile as well as rigorous testing of multi-vendor interoperability.
About Airspan Networks Inc.
Airspan is the industry's leading WiMAX pure player, ranked #1 for
IEEE802.16-2004 WiMAX revenue in 2007, and has now been selected for some
of the world's largest mobile WiMAX deployments. 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. 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. 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 December 31, 2007 and in the Company's 2008
Quarterly Reports on Form 10-Q. 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.
"WiMAX Forum" is a registered trademark of the WiMAX Forum. "WiMAX, "the
WiMAX Forum logo, "WiMAX Forum Certified," and the WiMAX Forum Certified
logo are trademarks of the WiMAX Forum. All other trademarks are the
properties of their respective owners.