SOURCE: Airspan Networks, Inc

May 11, 2006 10:07 ET

Airspan Signs US$10 Million WipLL Expansion Contract in India With Tulip IT

BOCA RATON, FL -- (MARKET WIRE) -- May 11, 2006 -- Airspan Networks, Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks, and carrier class Voice-over-Internet protocol (VoIP) solutions, announced the signing of a $10 million expansion contract for a WipLL-based broadband data network for Tulip IT Services Ltd in India.

Under this contract with Tulip, Airspan will deliver more than 25,000 WipLL subscriber units and related infrastructure throughout 2006 in equal monthly deliveries.

Tulip is using the WipLL network to supply high speed Internet access services from 64Kbits - 2Mbits, capable of delivering video conferencing, e-mail and web browsing solutions, and hosting FTP / web server solutions for the business and residential markets. The WipLL equipment is operating in the 2.7-2.9Ghz band frequencies, for which Tulip has radio license rights across the whole of India.

Lt. Col. H.S. Bedi, VSM, Managing Director, Tulip IT Services Ltd, stated: "Tulip has always been a thought-leader and innovator in identifying growth and expansion opportunities in a dynamic business environment. India finds itself in the middle of an economic boom with strong business and industrial growth. Unlike the past, this growth is not restricted to the metros and major cities alone, but across the country. This has created an unprecedented demand by the Indian industry for secure, reliable and expandable Data connectivity. Tulip pioneered the deployment of large-scale wireless connectivity with Airspan's WipLL product in a cost-effective manner, and this expertise has enabled us to roll out TULIP CONNECT, India's most extensive data-connectivity network offering wireless for last mile connectivity in over 350 cities."

"We are excited to be part of Tulip's success in expanding its wireless broadband offering throughout India," said Henrik Smith Petersen, Airspan's President Asia Pacific. "We have been working with Tulip since 2002, and the current expansion clearly proves that our WipLL product provides a very cost effective and reliable platform in this completive Indian market for wireless broadband access."

Airspan's WipLL platform is a low-cost, high-performance Fixed Wireless Access system designed to deliver high-speed data, Voice over IP (VoIP) and multimedia services to residential, small business and enterprise customers. WipLL is capable of delivering burst data speeds of up to 4 Mbps (3.2Mbps net) to each customer. WipLL introduces real-time adaptive modulation (2-, 4-, 8-level FSK) and auto retransmission request (ARQ); features that offer high quality services whilst maximizing spectrum utilization. WipLL is available in both licensed bands (including 700 MHz, 2.5GHz, 2.7-2.9GHz and 3.4-3.8GHz) and unlicensed bands (including 900MHz, 2.4GHz and 5.8GHz).

About Tulip IT Services Ltd

Tulip is a leading independent provider of end-to-end Networking Solutions. This includes customized solutions for bandwidth and networking gear. Tulip's core business is providing reliable connectivity to organizations who want to create a secure data network for their branches, dealers, vendors and C&F agents. Tulip provides Point-to-Point as well as Point-to-Multipoint connectivity with the last mile connectivity based on radio frequency technology. Tulip services have been certified as conforming to ISO 9001:2000 standards by KPMG. Today, Tulip IT Services is ranked as the FOURTH largest growing Network Integrator by Voice & Data. Tulip has 600 employees and its headquarters are located in New Delhi with regional offices in Mumbai and Chennai. In addition, Tulip has expanded its presence and currently has over 350 locations across India.

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About Airspan Networks

Airspan Networks provides fixed and 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 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong wireless product roadmap that includes WiMAX Forum Certified™ 802.16 solutions and offerings compliant with the 802.11 a/b/g. Our AS.MAX WiMAX product also includes 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.

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 also 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, 2005. 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
    Chief Financial Officer
    Tel: +1 561 893-8682
    Fax: +1 561 893-8671
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