SOURCE: Airspan Networks Inc.

September 18, 2008 10:07 ET

Airspan Selected by Netspread for WiMAX Deployment

Brings High-Speed Internet Services to Botswana Government and Businesses

BOCA RATON, FL--(Marketwire - September 18, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of WiMAX-based broadband wireless access networks, announced today that Netspread, one of Botswana's leading ISPs, has chosen Airspan as its WiMAX equipment provider and has begun deployments of MicroMAX base stations and ProST customer premises equipment.

Netspread has operations in eight cities throughout Botswana. After receiving an exclusive license in the 5.4 GHz band, Netspread chose Airspan's flexible and robust MicroMAX and ProST WiMAX solution to provide broadband wireless services to government offices and businesses. The MicroMAX base station harnesses the quality of service normally only supported by larger and more expensive base station options. With the ability to tailor services to meet specific user needs, MicroMAX offers high performance packaged in a small, convenient and easy-to-deploy box.

Mr. B. I. Mukhange, Managing Director of Netspread, commented, "Netspread's choice was simple. We needed a product with a proven track record in the 5.4 GHz frequency band which also provided a feature-rich profile, high capacity and resilience. Airspan's product portfolio was the best match. After successful trials, we began deployments and look forward to continued network expansion. I am excited to partner with Airspan for this project."

Declan Byrne, Chief Marketing Officer of Airspan, added: "Airspan has implemented a well-resourced sales and marketing effort in support of emerging markets such as Botswana. Customers in the developing world have financial capacity and a high demand for robust broadband access to the Internet. The addition of Netspread as a customer and their selection of Airspan's product offering is further validation that we best understand and meet the needs of such carriers. We are committed to offer the most flexible and robust solution for growing markets worldwide."

Botswana, a country approximately the size of Texas, has over 2 million residents and boasts a per Capita GDP exceeding $16,000. Botswana's combination of a young population eager for connectivity and an Internet penetration rate of just 3% makes this a perfect market for wireless broadband.

About Netspread

Netspread prides itself with a highly skilled and professional team to provide Broadband Internet Services. A licensed ISP in Botswana, the company operates networks using ISDN, WiMAX and Wi-Fi technologies across the country. Providing Broadband Internet Services and VoIP services with an International gateway, we also provide satellite connectivity for those customers where terrestrial networks either don't exist or are not cost-effective to deploy. Other services include the sale and service of computers, laptops and servers as well as Internet related services such as web design and hosting, domain registration and hosting and email hosting. We provide a truly one-stop-shop in Botswana for Internet and VoIP services and IT support for both domestic and business customers.

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.

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: dbrant@airspan.com

    Charlotte Laurent-Ottomane
    Investor Relations
    Tel. +561 395 4581
    Email: clottomane@airspan.com