SOURCE: Airspan Networks, Inc.

February 15, 2007 11:33 ET

Poland's MNI SA Purchases WiMAX Network From Airspan

BOCA RATON, FL -- (MARKET WIRE) -- February 15, 2007 -- Airspan Networks, Inc. (NASDAQ: AIRN) today announced that it has entered into an agreement to supply WiMAX equipment to MNI Telecom, a telecommunications company owned by MNI SA, a Polish publicly traded multimedia group.

A provider of telecommunications services and multimedia solutions, MNI SA is headquartered in Warsaw, Poland. It concentrates on the development of telecom services in several counties in central and eastern Poland. Szeptel, which was recently merged into MNI, has been an Airspan customer since 2001, when it installed AS4000 equipment in its network. MNI owns licenses and concessions to operate national and international transmission networks, to conduct the transmission of data in national and international relationships and to provide Internet service. MNI has offered voice services in its network since 2002 and international voice services since 2003. It operates thousands of calling lines and phone cable networks (including all-Poland fiber optic networks) on the Warsaw-Biolytic line.

Airspan expects to supply MNI with up to 60 MicroMAX base stations and approximately 3,000 subscriber stations, which are expected to be delivered and installed in 2007. Orders for the first third of the roll out have been placed by MNI. The equipment will be used by MNI to provide broadband wireless service.

Commenting on this new agreement, Eric Stonestrom, Airspan's CEO, said that "Airspan was very pleased to continue its relationship with MNI, which began with AS4000 in 2001."

Mr Piotr Koenig, CEO of MNI, said: "Airspan's world-class WiMAX solution will be a good tool to increase our potential and to contribute to our further development in the highly competitive telecommunications market in Poland."

WiMAX™, WiMAX Forum™ and WiMAX Forum Certified™ are trademarks of the WiMAX Forum.

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

About MNI SA

MNI SA is Warsaw Stock Exchange public company focused on creating multimedia telecom systems for business. MNI SA supplies the customers with advanced value added services for mobile telephony: SMS, MMS, WAP both in GSM and 3G technologies. At the time being these business activities are a core company business development. The company is a leading supplier of contents for portals and IP TV. Based on the technology potential of the companies belonging to MNI group, the telecommunications and broadband internet services are provided. Among MNI customers are companies belonging to telecom, media and FMCG business sectors. MNI will undertake activity as virtual operator at the mobile sector soon (MVNO).

More information on MNI can be found at http://www.mni.pl

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; (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 deliver equipment to MNI and MNI's ability to install the equipment and to pay for it. 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 on its Form 10-Q for the quarters ended April 2, 2006, July 2, 2006 and October 1, 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
    David Brant
    Senior Vice President & Chief Financial Officer
    Airspan Networks, Inc.
    Tel: +1 561 893-8650
    Fax: +1 561 893-8681
    Email: Email Contact