MELBOURNE, Fla.--July 7, 2000-- AirNet Communications Corporation (Nasdaq:ANCC), a leading provider of software-defined, broadband wireless base station products, today announced the appointment of two senior executives to the corporate staff. John C. Berens will take over as Chief Financial Officer, and Richard K. Beckley will lead the global sales team as Vice President of International Sales, a new position.
Mr. Berens, whose financial career has spanned more than 18 years, will assume the position of CFO from Gerald Hattori, who is leaving to pursue other interests. Mr. Berens most recently served as Vice President for Glenayre at the company's world headquarters in Charlotte, North Carolina, reporting directly to the Chief Financial Officer. At Glenayre, Mr. Berens had primary responsibility for managing the company's global financial needs: including SEC reporting, consolidated financial statements, internal audit, worldwide tax planning, and treasury functions. In addition, Mr. Berens also participated in communications with the market and financial analyst community. With Glenayre`s net sales exceeding $238 million in 1999 and wireless products installed in more than 100 countries, Mr. Berens brings extensive international and wireless experience to help grow AirNet's business.
In the second appointment, Mr. Beckley will lead the international sales team to further expand AirNet's presence in the global wireless market. Mr. Beckley joins AirNet with more than 25 years of international sales experience, including 10 years in the wireless industry. Most recently, Mr. Beckley was Senior Vice President of Worldwide Sales at Telular Corporation, where he improved revenue by 200% to $65 million, and where he managed an international sales staff that resulted in contracts with Lucent, Ericsson, Alcatel, BellSouth, GTE and several European operators. His focus on major growth regions in the world has included introducing products for wireless infrastructure equipment, developing and negotiating contracts, and forming strategic relationships with major communication suppliers and operators. Mr. Beckley has developed international knowledge and contacts selling other wireless products, and will have an immediate impact positioning AirNet in international wireless markets.
"AirNet is extremely pleased to be adding two senior industry veterans like John Berens and Richard Beckley," said Lee Hamilton, president and CEO of AirNet." Both have extensive experience in the international wireless communications business and will add even more depth to our veteran management team. These two appointments will enable AirNet to manage and continue to grow its global wireless business."
AirNet Communications Corporation's award winning wireless base station products, based on over 60 patents either issued or filed, provide a cost effective, future proof solution for wireless operators as they deploy and expand their networks. AirNet's patented broadband, software-defined AdaptaCell base station provides a high capacity base station with a software upgrade path to the wireless Internet.
The AdaptaCell's patented technology means no more time consuming and expensive hardware upgrades - the wireless Internet is only a software upgrade away. And, with software control, AirNet lets service providers support multiple protocols simultaneously avoiding costly overlays. The AirSite® Backhaul Free Base Station's award winning architecture eliminates the need for a physical backhaul link, thus reducing operating costs. AirNet base station products won the prestigious GSM World Award for technical innovation for AdaptaCell's software upgrade to the wireless Internet and for AirSite's revolutionary wireless backhaul capability. AirNet is a wireless base station technology leader. AirNet can be contacted in the US at 321-984-1990 or visit us at www.airnetcom.com
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The statements contained in this press release that are not historical information are forward-looking statements that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the transition and evolution to high-speed data and wireless Internet services, future sales to customers and customer deployment plans. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, our historical and future losses, our limited operating history, and fluctuations in our quarterly revenues and operating results. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1999.
AirNet® and AirSite® are registered with the U.S. Patent and Trademark Office. AdaptaCell, Backhaul Free, and We're Ready for Anything are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations.
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