SOURCE: Airspan Networks Inc.

Airspan Networks Inc.

February 10, 2011 08:30 ET

Airspan to Introduce New 4G LTE Products at Mobile World Congress

Addressing Carriers and Vertical Market 4G Connectivity Needs

BOCA RATON, FL--(Marketwire - February 10, 2011) - Airspan Networks Inc., a leading provider of broadband wireless access networks will emerge at Mobile World Congress in Barcelona next week with new products that address 4G multi-platform network infrastructure needs in an age of exploding data traffic demands.

The Company will be announcing its newest fleet of 4G products, all of which incorporate its newest innovations for 4G LTE. The three products, namely AirSynergy, Air4G and AirHarmony, complement each other to meet the growing requirements of 4G network carriers and operators as well as a variety of vertical markets such as Smart Grids, Public Safety and Transportation.

Mobile World Congress takes place in Barcelona, Spain from February 14-17. Airspan will demonstrate its new products at their booth in Hall 1, #B56.

The new products offer Radio Access Network (RAN) solutions and are all designed for low-cost operation, quick deployment and maximized capacity and coverage. Each of the products combines a number of connectivity platforms including WiMAX, 4G LTE and in the case of AirHarmony GSM as well.

Airspan has adopted a new products strategy by introducing 4G LTE technology and has realigned its focus to target vertical markets in addition to the traditional carrier/Telco operator market.

"We are very excited to be announcing our new products and technologies to the industry," commented Paul Senior, Chief Technical Officer at Airspan Networks. "Our new products offer first-ever solutions to address connectivity gaps in 4G networks as well as offer increased range and capacity. Anyone looking for a cost-effective, affordable and reliable 4G network infrastructure solution should visit Airspan at the show."

Amit Ancikovsky, President of Sales and Products, added, "We are adjusting our strategy to align ourselves with the market needs and industry trends. Telecom operators are no longer the only entities requiring 4G connectivity. More and more we see the growing needs for Utilities to make their energy grids more automated and efficient by overlaying a communications network to the grid, for Public Safety and Border Control agencies where surveillance is a necessity as well as inter-agency communication and for any organization that depends on bandwidth demanding applications. Airspan has the product set to meet all their needs."

About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO)(OTC MARKETS: 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.

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 Media Inquiries, contact:

    Dori Erann
    Senior Director Marketing Communications
    Airspan Networks Inc.
    Tel. +1 561.893.8687