SOURCE: Airspan Networks Inc.

Airspan Networks Inc.

September 13, 2010 08:00 ET

Airspan Sponsor at Autovation 2010 Exhibiting 1.4 GHz Smart Grid Solution

Showcasing Combined Spectrum and WiMAX Infrastructure Solution for Smart Utilities

AUSTIN, TX--(Marketwire - September 13, 2010) -  Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today its sponsorship of the Utilimetrics' annual Autovation Smart Grid conference held in Austin, Texas this year. The conference is being held in the Austin Convention Center with the exhibition portion of the show occurring September 13 and 14, 2010.

Following the recent announcement of an agreement with LightSquared, allowing Airspan to exclusively market 1.4 GHz wireless spectrum, the Company is offering utilities a unique combination of 4G infrastructure and licensed spectrum, enabling secure and private smart grid communications networks.

"Attaining licensed spectrum is crucial for utilities to deploy smart grids that are truly secure and interference resistant," commented Frank Folz, Managing Director of Smart Grids at Airspan Networks. "In addition to offering utilities this coveted licensed spectrum, we are also lending our vast broadband experience from the telecom community and applying it to smart grids which can only thrive with a robust and resilient broadband solution. We are committed to the utilities market and in helping deploy cost-effective, secure, wide-area wireless smart grid networks."

Autovation attendees are invited to visit the Airspan Booth #721 to view the Airspan product portfolio.

Airspan solutions build converged networks that support several smart grid applications, including:

  • AMI backhaul
  • Distribution Automation
  • Real-time data acquisition from remote locations
  • Mobile workforce and fleet management
  • Voice, video and datacasting connectivity
  • Grid monitoring and control

In addition to the 1.4 GHz solution, Airspan provides Fixed and Mobile WiMAX solutions operating on the 700 MHz all the way up to the 5.4/8 GHz frequency bands.

About Airspan Networks Inc.

Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution-provider and the vendor of choice for some of the world's largest broadband wireless deployments. Developing leading-edge technology for broadband access and IP-telephony, Airspan continues to supply operators around the world with best-of-breed solutions. 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.

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.

Contact Information

  • For Investor Relations contact:
    Charlotte Laurent-Ottomane
    Investor Relations
    Tel. +1 561.395.4581

    For Media Inquiries, contact:
    Dori Erann
    Senior Director Marketing Communications
    Airspan Networks Inc.
    Tel. +1 561.893.8687