Contact Information: For Investment and Media Inquiries, contact: Airspan Networks Eric Stonestrom President & Chief Executive Officer Airspan Networks, Inc. Tel: +1 561 893-8680 Fax: +1 561 893-8681 Email: Email Contact
David Brant Appointed Airspan Chief Financial Officer
| Source: Airspan Networks, Inc.
BOCA RATON, FL -- (MARKET WIRE) -- December 21, 2006 -- Airspan Networks, Inc. (NASDAQ : AIRN ), a
leading worldwide provider of WiMAX Forum CertifiedTM broadband wireless
access solutions, and carrier-class Voice over Internet Protocols (VoIP)
and Wi-Fi Hotzone systems, today announced the promotion of David Brant as
Chief Financial Officer and Senior Vice President. David replaces Peter
Aronstam, who will leave the company to pursue other opportunities early in
2007.
David previously served as Vice President and Controller of Airspan from
July 2000 to 2005, when the bulk of the corporate finance function was
based at the company's UK facility. At the start of 2006, the finance
function was moved to the corporate headquarters in the US to align with a
transition to US auditors. At that time, David assumed an operating role
leading the company's ASNet division, broadening his experience across the
operational functions of the company. The ASNet division will now report to
Alastair Westgarth, the company's Chief Technical Officer.
Airspan anticipates a smooth transition in the CFO function and David will
assume the role at the start of 2007, with both officers contributing to
the 2006 financial close. "David's participation in Airspan's growth over
the past 8 years and his strong operational experience make him ideal for
this position. Moreover, his recent exposure to an operating division of
the company has deepened his background in operations and technology," said
Eric Stonestrom, Airspan's CEO. "We look forward to David's financial
leadership and experience as the company executes on its goals of continued
revenue growth. We continue to focus on this critical element of our
business, which has grown more complex with our underlying market growth.
We also want to thank Peter Aronstam for his five plus years of service in
the CFO role, during a period when a five year average annual growth rate
of 32% was achieved."
About Airspan Networks, Inc.
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 products
meeting 802.11 a/b/g Wi-Fi standards, and WiMAX Forum Certified™ equipment
that includes software upgradeability to the Mobile WiMAX™ 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 in
more than 100 countries with more than 400 operators, 100 of which use
Airspan's WiMAX Forum Certified™ and non-certified products. 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 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.
More information on Airspan can be found at http://www.airspan.com.