| [May 26, 2005] |
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Airspan Announces Its Largest U.S. Sale of WipLL 700 MHz and 900 MHz Equipment; WipLL Sold to Central Wisconsin Communications via Stutler Technologies
BOCA RATON, Fla. --(Business Wire)-- May 26, 2005 -- Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, including WiMAX standard systems, announced today that it has made its largest WipLL 700 MHz and 900 MHz Broadband Wireless Access system sale to date in the United States through its Authorized System Integrator, Stutler Technologies. The system will be used by Central Wisconsin Communications, Inc. (CWCI), a wholly owned subsidiary of Wood County Telephone Company (WCTC).
Airspan will deliver more than 5,000 subscriber premise radios and approximately 100 base stations over a 2-year period for installation by Stutler in CWCI's network in the counties of Marathon, Wood, Portage, Waupaca, Juneau, Adams, Waushara, Marquette and Green Lake in Wisconsin. CWCI will initially provide data broadband services to its customers in these markets. By June 1, 2005 it expects to add voice over IP (VoIP) services to the network.
"We are offering broadband data services today over our existing WipLL 700 MHz network. With this new equipment, we are rapidly building out the rest of our network in each one of the counties to provide service within the next 18 months," stated Jamey Lynse, WCTC Director of Operations. "We chose the WipLL platform because it allows us to offer high quality service in both VoIP and broadband data to our customers. We believe that the coverage and service performance of WipLL is the best option available for both the 700 MHz licenses that we own and in the unlicensed bands."
"We continue to work with rural telephone companies like CWCI to deploy Airspan's WipLL network products. They buy WipLL because it provides a very cost-effective way to increase their service areas for rural broadband access, and allows them to offer voice over IP services. CWCI has a very ambitious deployment plan to close the digital divide in and around its service areas, and in our experience with similar products, WipLL provides the best solution to do this," said Mike Crouch, Regional Sales Manager at Stutler Technologies.
"We are very pleased to work with Stutler Technologies and CWCI to deploy our largest U.S. WipLL 700 MHz network to date, and we are encouraged by the results of our many U.S. deployments," said Dick Lee, General Manager and Vice President of Airspan's North American Sales group. "Moving into network deployments with thousands of users is an indication that we have the right product in the marketplace to help meet the strong demand for broadband services."
About Stutler Technologies
Stutler Technologies, Corp. based out of Emporia, Kansas is a turn-key systems integrator with services ranging from wireless path analysis to complete backhaul, broadband, and network installation and tower services. Stutler has a strong telephony background and works with telephone operating companies, commercial businesses, cities, schools, and WISPs coast to coast. Stutler Technologies, Corp. has built over 20 Airspan WipLL networks in the last year. More information on Airspan can be found at http://www.stutler.net.
About CWCI and WCTC
Founded in 1896, Wood County Telephone Company (now WCTC) continues to provide unparalleled telecommunications services and has become one of the most technologically advanced and progressive providers of service in the world.
In 1995, WCTC entered the Internet Service Provider (ISP) market and began offering dial-up internet access and introduced their first wholly owned subsidiary, Central Wisconsin Communications, Inc. (CWCI). Its primary purpose was to offer local residents within the WCTC service area a local choice of long distance providers. In addition WCTC offers Alltel(R) cellular telephone service through a "Limited Partnership" in Wisconsin RSA 7.
With more than 30,000 Access Lines locally, 7,500 digital cable TV subscribers, 4,000 high-speed internet and 25,000 dial-up internet customers WCTC is among the 50 largest Local Exchange Carriers (LEC) in the US. Their commitment and dedication to their customers remains the same today as it was established in 1896.
More information on CWCI and WCTC can be found at http://www.wctc.net.
About Airspan Networks Inc.
Airspan Networks provides wireless voice and data systems and solutions, including Voice Over IP (VoIP), to both licensed and unlicensed operators around the world in frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong product evolution roadmap that includes offerings compliant with the new 802.16-2004 standard, and with built-in 802.16e capability. Airspan is on the Board and a founder member of the WiMAX Forum. The Company has deployments with more than 200 operators in more than 100 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 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) a loss of any of our key customers; (vi) our ability to retain the largest existing customer of Nortel Network's fixed wireless business; (vii) our ability to continue to sell the existing inventory of Nortel Network's fixed wireless business on purchase terms and conditions comparable to those currently utilized, and (viii) specific to this press release, Airspan's ability to successfully produce and distribute its product in the 700MHz frequency; Stutler's ability to deploy the networks sold; and the end-users' ability to sell services on the networks and to pay for the equipment. 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, 2004. 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.
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