Airspan Teams With McLaren Electronics to Provide 4G Broadband Connectivity for High-Speed Motorsport Applications

BOCA RATON, FL--(Marketwire - Feb 24, 2012) - Airspan Networks Inc., a leading provider of 4G broadband wireless access networks, announced today its joint product development with McLaren Electronics Systems, to provide a customized 4G connectivity solution for the motorsport and other transportation industries. The solution enables the delivery of broadband services supporting voice, high-definition video and real-time telemetry to and from high speed vehicles, including Formula One race cars.

The Airspan solution consists of 4G Radio Access Network (RAN) technology deployed trackside and an Airspan 4G module (mini PCIe) embedded directly into a ruggedized McLaren Electronics component (WMX-470), which is installed in the race car. The solution supports multiple cars simultaneously and delivers broadband speeds exceeding 5 Mbps per car at speeds beyond 200 mph (320 km/h).

"The joint partnership with Airspan is enabling McLaren Electronics to address the high-speed connectivity needs of vehicles on the racetrack as well as the needs of the broader transportation market," commented Paul Spence, Product Director of McLaren Electronics. "The advantages of this system can be shared worldwide in any transportation scenario that can benefit from a robust high-speed mobile communications network, including motorsports, railways, bus systems, aerospace and more."

The joint Airspan/McLaren Electronics unit (CBM-470) is specially developed to be easily incorporated into a wide variety of transportation vehicles and the solution can be adjusted to operate in a number of frequency bands, offering considerable capacity at extremely high travel speeds.

"Airspan is delighted to join McLaren Electronics in the development of this motorsport and transportation industry solution," commented Paul Senior, Chief Technical Officer of Airspan. "This project highlights Airspan's technical strength in 4G technologies and demonstrates our ability to innovate and deliver a solution into one of the world's most demanding communication environments. The solution we have created together with McLaren Electronics breaks new ground by delivering high speed uplink broadband connections in a high-speed radio environment."

Airspan's viaNET4G is an enhanced member of the product family specifically designed to deliver 4G mobile connectivity to the transportation industry. The 4G mini PCIe module included in the solution is designed to be easily embedded in any component to enable direct connectivity from that component to the AirSynergy base station. The small form-factor allows flexibility and versatility for simple and quick deployment and installation.

"There are quite a few possibilities for the use of our 4G mini PCIe module," added Senior. "It is a great addition to our overall product portfolio which supports 4G LTE and WiMAX connectivity for almost any scenario, whether in motorsport and transportation projects or in other industries including Public Safety and Smart Grids."

Airspan products include Pico, Micro and Macro base stations, a wide variety of user devices, and advanced core network products, providing 4G LTE and WiMAX connectivity solutions operating in the 700 MHz up to 5.9 GHz bands.

About McLaren Electronics Systems
McLaren Electronics is part of the McLaren Group of companies, located at the prestigious McLaren Technology Centre in Woking UK. The company started in 1989 providing specialist electronic control and data systems for Le Mans prototype sports cars and McLaren Formula One race cars. Today the company is Official ECU (Engine Control Unit) Supplier to the FIA Formula One World Championship, NASCAR Sprint Cup and the IZOD IndyCar series. www.mclarenelectronics.com

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.