Airspan Announces 700 MHz WiMAX Product Suite
December 22 2008 - 10:03AM
Marketwired
Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of
WiMAX-based broadband wireless access networks, announced today the
release of a new 700 MHz WiMAX product suite targeted at rural
markets in areas of the United States and around the world.
The new product suite builds on the success of the Company's
strong market position in the 700 MHz band, and adds to the broad
Airspan WiMAX portfolio, which already offers the widest variety of
frequency band coverage.
"700MHz license holders in the USA and internationally have been
waiting for a credible WiMAX solution to upgrade their service
offering to their customers," said Declan Byrne, Airspan's Chief
Marketing Officer. "Airspan delivers a solution to support a strong
business case. The combination of excellent signal propagation and
robust Airspan equipment will enable operators to offer high speed
Internet to a broad population in a wide network coverage area at a
very low cost-to-market. We led the market in delivering pre-WiMAX
700MHz equipment and we plan to lead with WiMAX in this frequency
as well."
Low-frequency sub-1 GHz bands, such as 700 MHz, have excellent
signal propagation characteristics where the radio signal
penetrates obstacles such as trees and buildings and travels
considerably farther than higher frequency solutions. These
qualities translate into cost savings for operators by requiring
far less infrastructure per square mile. This solution is
especially attractive for areas with low population density or for
long-range coverage requirements. This frequency band is broadly
available in the United States, and is available to operators in
Asia and other key international WiMAX markets.
"We believe that this new product, coupled with our products in
the 1.5 and 3.65 GHz frequency bands, provides the perfect
'trifecta' of solutions in support of rural broadband access in the
United States," continued Declan Byrne. "U.S. President-Elect Obama
has been a strong advocate of extending broadband coverage to every
U.S. community and has even been quoted as supporting tax and loan
incentives to reach rural regions. We share in Obama's vision and
look forward to serving this important market."
Paul Senior, Airspan Chief Technical Officer, added, "The
expansion of our WiMAX product range into the 700 MHz band gives
new and existing customers access to equipment with enhanced reach
and higher system capacity. This enables operators to create highly
cost-effective, non-line-of-sight solutions for broadband data and
leading edge Voice-over-IP."
For added flexibility, the Airspan equipment is designed to
operate in a range of channel sizes, from as small as 1.5MHz to as
wide as 10MHz.
About Airspan Networks Inc.
Airspan is a leading WiMAX pure player and the solution-provider
of choice for some of the world's largest WiMAX deployments.
Developing leading-edge technology for broadband access and
IP-telephony, Airspan continues to supply operators around the
world with best-of-breed solutions. With direct sales offices
throughout Asia, EMEA and the Americas, a worldwide network of
resellers and agents, and partnership alliances with major OEMs,
Airspan boasts over 100 commercial WiMAX deployments worldwide.
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,
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of management, may be deemed to be forward-looking statements. The
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achieve the plans, intentions or expectations disclosed in our
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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.
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 December 31, 2007
and in the Company's 2008 Quarterly Reports on Form 10-Q. 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.
For Investor Relations and Media Inquiries, contact: Charlotte
Laurent-Ottomane Investor Relations Tel. +561 395 4581 Email:
clottomane@airspan.com For Media Inquiries, contact: Dori Erann
Director Marketing Communications Airspan Networks Inc. Tel.
+561.893.8687 Email: derann@airspan.com
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