| [May 07, 2012] |
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Mr. Eng Ho Ng Resigns from Alvarion's Board of Directors
TEL AVIV, Israel --(Business Wire)--
Alvarion (News - Alert)® Ltd. (NASDAQ: ALVR), a provider of optimized wireless
broadband solutions addressing the connectivity, coverage and capacity
challenges of public and private networks, today announced that Mr. Eng
Ho Ng notified the Company that he will resign from his position as
director of the Company for personal reasons, as of May 3, 2012.
Amnon Yacoby, Chairman of Alvarion said, "On behalf of the board, I
would like to thank Eng Ho for his service and valuable contribution,
particularly in light of the time and distance challenges he was willing
to accommodate from Singapore."
About Alvarion
Alvarion Ltd. (NASDAQ:ALVR) provides optimized wireless broadband
solutions addressing the connectivity, coverage and capacity challenges
of telecom operators, smart cities, security, and enterprise customers.
Our innovative solutions are based on multiple technologies across
licensed and unlicensed spectrums. (www.alvarion.com)
This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on the current
expectations or beliefs of Alvarion's management and are subject to
various factors and uncertainties that could cause actual results to
differ materially from those described in the forward-looking
statements. The following factors, among others, could cause actual
reults to differ materially from those described in the forward-looking
statements: our failure to fully implement our 2012 strategic plan, our
inability to reallocate our resources and rationalize our business in a
more efficient manner, potential impact on our business of the current
global macro-economic uncertainties, the inability of our
customers to obtain credit to purchase our products as a result of
global credit market conditions, the failure to fund projects under the
U.S. broadband stimulus program, continued delays in 4G license
allocation in certain countries; the failure of the products for the 4G
market to develop as anticipated; our inability to capture market share
in the expected growth of the 4G market as anticipated, due to, among
other things, competitive reasons or failure to execute in our sales,
marketing or manufacturing objectives; the failure of our strategic
initiatives to enable us to more effectively capitalize on market
opportunities as anticipated; delays in the receipt of orders from
customers and in the delivery by us of such orders; our failure to
effectively integrate the business and technology of Wavion Inc.,
acquired by us in November 2011, into our products and realize the
expected synergies from the acquisition; the failure of the markets for
our (including Wavion's) products to grow as anticipated; our inability
to further identify, develop and achieve success for new products,
services and technologies; increased competition and its effect on
pricing, spending, third-party relationships and revenues; our inability
to establish and maintain relationships with commerce, advertising,
marketing, and technology providers; and other risks detailed from time
to time in the Company's annual reports on Form 20-F as well as in other
filings with the US Securities and Exchange Commission.
Information set forth in this press release pertaining to third
parties has not been independently verified by Alvarion and is based
solely on publicly available information or on information provided to
Alvarion by such third parties for inclusion in this press release. The
web sites appearing in this press release are not and will not be
included or incorporated by reference in any filing made by Alvarion
with the US Securities and Exchange Commission, which this press release
will be a part of.
You may request Alvarion's future press releases by contacting Sivan
Farfuri, Sivan.farfuri@alvarion.com
or +972.3.767.4333. Please see the Investor section of the Alvarion
website for more information: http://www.alvarion.com/index.php/en/investors
Alvarion®, its logo and certain names, product and service names
referenced herein are either registered trademarks, trademarks, trade
names or service marks of Alvarion Ltd. in certain jurisdictions. All
other names are or may be the trademarks of their respective owners.

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