SOURCE: Airspan Networks, Inc.

August 21, 2006 08:30 ET

Ireland's Last Mile Broadband Purchases Airspan's WiMAX Equipment and Expands WipLL Network

BOCA RATON, FL -- (MARKET WIRE) -- August 21, 2006 -- In November 2004, Airspan Networks (NASDAQ: AIRN) announced the signing of an agreement with Last Mile Broadband of Athlone, Ireland, for deliveries of Airspan's WipLL and 802.16a-based AS4030 products.

More than 50 WipLL base stations today give Last Mile Broadband the capacity to connect up to 6,000 subscribers in the Irish Midlands area with high-speed broadband Internet services in the 3.7GHz frequency band.

Today, Airspan is pleased to announce that Last Mile Broadband has placed new orders for additional WipLL base station and CPE equipment, and has also agreed to purchase 35 AS.MAX base stations and more than 1,000 ProST CPE devices that will operate in the 3.6-3.8GHz FDD and 5.8GHz frequency bands. Last Mile Broadband will use this equipment to launch new higher speed data and VoIP services.

Last Mile Broadband has been in business since 2002, building and operating wireless broadband networks to serve business and residential customers in the Midlands of Ireland, an area that includes all of counties Westmeath, Offaly, Roscommon, Longford and parts of the surrounding counties. With 15 licenses to operate fixed wireless networks in the region, Last Mile Broadband has been successful in attracting Group Broadband Scheme funding from the Irish government to finance some of its expansion. The company currently serves a rapidly expanding customer base across a large geographical area with its wireless networks. http://www.lastmile.ie/coverage.html

John Gibbons, Director of Last Mile Broadband, commented: "We first introduced Airspan's WipLL products into our network in January 2004. WipLL gave us the ability to offer our customers a wide range of data services on a system that was simple to deploy and grow and easy to manage with its comprehensive management system. After a thorough evaluation of various WiMAX systems, we are now very pleased to have chosen Airspan's WiMAX solution for the continued expansion of our broadband wireless network. The Airspan AS.MAX products use the same architecture as WipLL, which has shown itself to be very cost-effective, field-proven and reliable in three years of operation. We look forward to a similar experience with AS.MAX."

Anders Rendahl, Airspan's Vice President Sales for Europe, added: "We are delighted that Last Mile Broadband has decided to continue to grow its network using the latest Airspan technology. Our AS.MAX products are well suited to Last Mile's network requirements. Their modularity is ideal for rural deployments, and they permit 'pay as you grow' deployment to match the cash flows of our customers. The ProST enables long-range links with very low fault tolerances in harsh physical environments like those in the Last Mile Broadband service area."

About Last Mile Broadband

Based in Athlone, Co. Westmeath, Ireland, Last Mile Broadband is a Wireless Systems Integrator and Licenced Telecom Operator, providing a premium source of broadband wireless solutions throughout the Midlands and surrounding regions. The product range includes Broadband Wireless Connectivity, Internet Connectivity and Voice-Over IP (VoIP), with the company's product offerings replacing existing Leased-Line technology and DSL that are currently supplied by a number of other operators in the marketplace. Its unique selling proposition is in the provision of better, faster and more competitive solutions than the competition, whilst providing comprehensive regional coverage. Trading as Last Mile Broadband, the company has marketed itself as a specialist in building outdoor broadband wireless infrastructure primarily targeted at high bandwidth potential users, including Local Authorities and Health Boards in the Midlands and Western region, along with accessing the community broadband sector through involvement in a number of pilot wireless broadband projects and national funded schemes including the Group Broadband Scheme (GBS) etc.

More information on Last Mile Broadband can be found at http://www.lastmile.ie/why/index.html.

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 offerings compliant with the 802.11 a/b/g and the WiMAX 802.16-2004 standard, including 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.

More information on Airspan can be found at http://www.airspan.com.

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. These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; (v) the potential loss of Axtel and Yozan as our largest customers; and specific to this press release, (vi) our potential inability to locate and secure additional sources of capital at the time and in the amount needed; (vii) the possibility that Yozan will materially delay or cancel future equipment orders; (viii) our inability to cancel certain component orders and/or to use or sell any excess inventory we accumulate as a result of the Yozan contract amendment; (ix) disruption to our operations in Israel, including the absence of employees due to required military service caused by political and military tensions in Israel and the Middle East; and (x) specific to this press release, our ability to manufacture and deliver AS.MAX products to Last Mile Broadband, and Last Mile Broadband's ability to successfully deploy and operate the AS.MAX products and to pay us in accordance with our agreement with DBD. The Company is 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 31 December, 2005 and its Form 10-Q for the quarters ended April 2, 2006 and July 2, 2006. 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
    Senior Vice President & Chief Financial Officer
    Airspan Networks, Inc.
    Tel: +1 561 893-8682
    Fax: +1 561 893-8681
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