Airspan Networks Relocates to U.S. to Meet Increasing Demand for Wireless DSL in North and South America
Sunrise,
Fla. - November 6, 2000 - Airspan Networks Inc. (NASDAQ: AIRN), a
leading provider of fixed wireless DSL, today announced that it is relocating
its corporate headquarters to Sunrise, Fla. to answer telecom service
provider's increasing demand for high-speed Internet access in the small
office/home office (SOHO) and residential markets within North and South
America.
The company's Uxbridge facility near London will continue to serve as
the primary location for operations, manufacturing and product development.
The company also announced that Matt Desch, former executive vice president
and president of Nortel Networks, was recently appointed Chairman of Airspan's
Board of Directors.
"Our products provide an ideal solution for service providers rolling
out DSL services in the United States and we have deployments currently
underway," said Eric Stonestrom, Airspan CEO and president. "This move
to the United States gives us the opportunity to continue expanding our
global footprint into the fastest growing markets for fixed wireless access
systems."
Desch formerly served as president of Nortel Networks' service provider
solutions division, responsible for telecommunications carrier customers
in Europe, Asia, Africa and the Middle East. Desch also successfully directed
Nortel's $4 billion mobile and fixed wireless access network business.
"Demand for high speed Internet access is a worldwide phenomenon, but
the most demanding applications have traditionally come from North America,"
said Desch. "Airspan is a pioneer in building the local wireless Internet,
and our new headquarters is the perfect place to continue that growth."
About Airspan Networks
Airspan (http://www.airspan.com) provides wireless DSL systems and solutions
to communications service providers around the world with licenses in
frequency bands between 900 MHz to 4.0 GHZ, including both PCS and MMDS.
The company has deployments with more than 40 communications service providers
in more than 30 countries. Airspan's systems are based on DS-CDMA technology
that provides wide area coverage, security and resistance to fading. Airspan's
systems can be deployed rapidly and cost effectively, providing attractive
alternative to traditional wired communications networks. Airspan also
offers radio planning, network installation, integration, training and
support services to facilitate the deployment and operation of its systems.
More information on Airspan can be found at http://www.airspan.com
This press release contains forward-looking statements relating to future
events or future financial performance that involve risks and uncertainties.
These statements are only predictions and actual results could differ
materially from those anticipated in these statements based on those factors
identified in the company's filings with the SEC.
For media
inquiries, contact:
Airspan
Communications:
David Farthing
Marketing Communications Manager
Tel: +44 1895 467 169
Fax: +44 1895 467 202
dfarthing@airspan.com
Europe:
Miller/Shandwick Technologies:
Daniel White/Monika Fried
Tel: +44 (0) 207 240 8666
Fax: +44 (0) 207 240 8668
dwhite@shandwick.com
mfried@shandwick.com
Americas:
The KMC Group
Beth Mayer
The KMC Group
Tel: +1 425 450 9965x117
Fax: +1 425 450 9963
Email: bmayer@kmcgroup.com
Asia:
Phang & Naughton
Jennifer Phang
Tel: +852 2527 1127
Fax: +852 2866 7940
Email:jenn@phangnaughton.com
For
Investment inquiries, contact:
Airspan Communications:
Joseph Caffarelli
Chief Financial Officer
Tel: +44 1895 467 140
Fax: +44 1895 467 141
Email: jcaffere@airspan.com