AEA NAMES AIRNET COMMUNICATIONS’ CEO EXECUTIVE OF THE YEAR
Ehley Recognized for
Melbourne, FL, April 3, 2002 - Glenn Ehley, President and CEO of AirNet Communications Corporation (NASDAQ: ANCC) has been named Executive of the Year by the AEA (formerly known as the American Electronics Association) and will be presented with the Abacus Award for mid-sized companies on April 27, 2002 at a banquet in Fort Lauderdale, Florida.
“Mr. Ehley is the ideal recipient of the Abacus Award,” said Maryann Fiala, executive director of the Florida Council for the AEA. “Mr. Ehley is being recognized for his demonstrated leadership and personal excellence in leading AirNet Communications through a difficult economic environment.”
According to the AEA, Ehley developed and expertly managed a set of well-defined goals which focused on customer satisfaction and quality, targeted expansion and strengthened the AirNet financial position during the latter half of fiscal year 2001.
“I am pleased to accept this award on behalf of all hard working employees at AirNet,” said Glenn Ehley, president and CEO. “During the last eight months, we have demonstrated tangible results and benefits for our stockholders. Our cash flow has improved, our sales have increased, our expenses are way down, our inventory has been turned into cash and our products are highly reliable. I am pleased to have the opportunity to receive this award based on our recent accomplishments.”
Advancing the business of technology, AEA is the nation's largest high-tech trade association. AEA represents more than 3,500 member companies that span the high-technology spectrum, from software, semiconductors and computers to Internet technology, advanced electronics and telecommunications systems and services. With 18 regional U.S. councils and offices in Brussels and Beijing, AEA offers a unique global policy grassroots capability and a wide portfolio of valuable business services and products for the high-tech industry. AEA has been the accepted voice of the U.S. technology community since 1943.
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 Internet and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell base station solution provides a high-capacity base station with a software upgrade path to the wireless Internet. 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. 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.
For More Information:
Stuart P. Dawley
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
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 limited customer base may cause cash flow issues, competitive pressures may reduce gross margins, we may not be able to support developing wireless standards and protocols, we may not be able to develop new products and features, and credit risks from financed customers may hurt our results or require us to raise additional 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, 2000.
AirNet® and AirSite® are registered trademarks with the U.S. Patent and Trademark Office. The stylized AirNet mark, AdaptaCell, Super Capacity, 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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