| For
Immediate Release April 30, 2004 |
|
AIRNET COMMUNICATIONS ANNOUNCES
$3M IN PURCHASE ORDERS FROM TECORE
TECORE Deploys AirNet Systems in Three New MEA Markets
Melbourne, FL, April 30, 2004 - AirNet Communications Corporation (NASDAQ: ANCC), the technology leader in software defined base station products for wireless communications, today announced that it has received approximately $3M in purchase orders from TECORE Wireless Systems for three new international deployments in the Middle East and Africa. These orders include the purchase of AirNet's AdaptaCell® BTS 4000 together with the "Triple Capacity" AirSite® Backhaul Free™ base station, and related common equipment. A portion of these orders shipped in the first quarter with the remainder scheduled to ship in the second quarter of this year.
The AdaptaCell BTS 4000 product line is AirNet's latest broadband, software defined base station and it represents the state of the art in GSM 2.5G communications. These orders mark the first shipment of this product line into offshore markets. In addition to being more compact and reliable, the BTS 4000 has the capability of easily upgrading to adaptive array and high-speed data applications.
“TECORE's full range of GSM network solutions have been well received by our customers in the Middle East and Africa markets,” said Jay Salkini, Chairman and CEO of TECORE. “We continue to grow our presence throughout the region by offering cost-effective solutions for a variety of GSM applications capable of providing service in a wide range of environmental operating conditions. TECORE's stated goal is to bring affordable and reliable wireless communications to everyone in these emerging markets.”
“TECORE has done a tremendous job of developing new markets in the Middle East and Africa,” said Glenn Ehley, President & CEO of AirNet Communications. “Our AdaptaCell 4000 product line offers our customers all the advantages of our broadband, software defined radio technology at reduced price points with improved functionality.”
About TECORE
TECORE Wireless Systems is a global supplier of turn-key wireless mobility networks for regional and country-wide deployments and solutions for migrating existing networks to advanced digital wireless technologies while expanding coverage and capacity. The company's turn-key solutions include its AirCore® Mobile Switching System at the core of the network in conjunction with GSM/GPRS, CDMA and TDMA base station solutions to deliver fully-integrated feature-rich services.
About AirNet
AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost-effectively and simultaneously offer high-speed wireless data and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell® SuperCapacity™ adaptive array base station solution provides a high-capacity base station with a software upgrade path to high-speed data. The Company's AirSite® Backhaul Free™ base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs. The Company's RapidCell™ base station provides government and military communications users with up to 96 voice and data channels in a compact, rapidly deployable design capable of processing multiple GSM protocols simultaneously. AirNet has 69 patents issued or filed and has received the coveted World Award for Best Technical Innovation from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by calling 321.984.1990, or by visiting the AirNet Web site at www.airnetcom.com.
AirNet Press & Investor Contacts
Stuart P. Dawley
Investor Relations Officer
Tel: +1 321-953-6780
sdawley@airnetcom.com
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 negotiation or conclusion of a financing transaction, the financial effects of a corporate restructuring, the transition and evolution to next generation products, and other statements relating to the company's outlook. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and the Company assumes 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, risks or uncertainties, that our sales revenue is concentrated around one large customer; that the company may not be successful in growing alliances with recently announced OEM resellers; that the company's new products may not be accepted by the market, and that the company may not be able to continue to operate as a going concern in the absence of investment capital. 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, 2003.
AirNet®, AdaptaCell® and AirSite® are registered trademarks with the U.S. Patent and Trademark Office. The stylized AirNet mark, Super Capacity™, TripCap™, Backhaul Free™, AdaptaSite™ and RapidCell™ are trademarks of AirNet. Other names are registered trademarks or trademarks of their respective holders.