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SAN JOSE, CA– January 21, 2004—
Airspan Networks, Inc. (Nasdaq: AIRN), a leading worldwide provider
of broadband fixed wireless DSL networks, announced today that
it has successfully introduced its world-leading Voice over IP
(VoIP) solutions to the US market in the rapidly developing 700MHz,
900MHz, 2.4GHz, MMDS and 5.8GHz market segments through its Wireless
IP Local Loop (WipLL) product line.
“VoIP technology has come of age,” commented Dick Lee,
Airspan’s Vice President of Sales for North America. “For
the past 12 months we have seen a significant increase of interest
in VoIP technology among US service providers. We have implemented
trials with leading service providers that have gone extremely
well. One such trial has resulted in the contract we announced
yesterday with Mobius, and we expect others to result in decisions
to roll out the technology for the delivery of wireline-quality
voice as well as data services to residential, SOHO and SME customers.
We consider our leadership position in VoIP as one more reason
that ILECs, CLECs and WISPs are selecting Airspan.”
Airspan’s WipLL product has features uniquely suited to the
delivery of VoIP services, the most important of which are the
comprehensive Quality of Service (QoS) features, and the product’s
open architecture, which enables interworking with a wide range
of VoIP access devices and media gateways from different suppliers.
WipLL’s field-proven QoS features ensure that high-quality
VoIP services can be delivered together with a rich range of data
services. The open architecture ensures that service providers
can either utilize the end-to-end solutions offered by Airspan
or use access devices and media gateways from their preferred
suppliers in conjunction with WipLL. The architecture supports
GR303, analog and softswitch/media gateway network interfaces.
“WipLL has been delivering VoIP solutions since 2001,”
commented Uzi Shalev, Airspan’s General Manager, WipLL Manufacturing.
“In the past three years we have worked with many leading
operators and technology partners to develop a wealth of experience
in VoIP including high-quality and cost-effective solutions for
VoIP requirements. We are excited about putting our world-leading
expertise in VoIP at the disposal of the service providers in
the US, especially at this critical transition period in the voice
industry.”
More information on Airspan’s new VoIP technology is available
at its exhibition booth at the Wireless Communications Association’s
10th Annual Technical Symposium & Business Expo, taking place
January 21 – 23, 2004 at the Fairmont Hotel, San Jose, California.
About Airspan Networks Inc.
Airspan Networks provides wireless DSL systems and solutions to
both licensed and unlicensed operators around the world in frequency
bands between 700 MHz to 6 GHz, including both PCS and 3.5GHz
international bands. Airspan continues to evolve its products
toward the proposed 802.16d IEEE standards, and is an active member
of the WiMAX Forum. The company has deployments with more than
160 operators in more than 60 countries. Airspan's systems are
based on radio technology that delivers excellent area coverage,
high security and resistance to fading. Airspan's systems can
be deployed rapidly and cost effectively, providing an 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. 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 as that term is defined in the Private Securities Litigation
Reform Act of 1995. Statements made in this press release that
are forward-looking are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Without
limiting the generality of the foregoing, words such as “may”,
“will”, “to”, “plan”, “expect”,
“believe”, “anticipate”, “intend”,
“could”, “would”, “estimate”, or
“continue” or the negative other variations thereof
or comparable terminology are intended to identify forward-looking
statements. The forward-looking statements also include statements
concerning Airspan’s ability to seize growth opportunities,
and are subject to risks and uncertainties that could cause actual
results to differ materially. Investors and others are 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; and (v) a loss of any of our key customers.
The Company is also 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 December 31,
2002.
For Investment and Media Inquiries,
contact:
Peter Aronstam
Chief Financial Officer
Airspan Networks,
Inc.
Tel: +1 561 893-8682
Fax: +1 561 893-8671
Email: paronstam@airspan.com
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