AIRNET ANNOUNCES US$5M IN ORDERS FOR AFRICAN GSM NETWORK -
SDR Technology Gaining Traction in Emerging Markets
Melbourne, FL, August 16, 2002 - AirNet Communications Corporation (NASDAQ: ANCC), the technology leader in broadband software defined radio base station solutions for wireless communications, today announced it has received purchase orders for approximately US$5M in products and services. These orders will help expand wireless coverage throughout 10 cities in an African GSM market. This GSM operator has also granted AirNet exclusive supply rights for any future base station sales.
These new orders will enable the customer to quickly expand coverage, capacity and other services for the initial phases of a planned nation-wide deployment. AirNet's scalable, rapidly deployable and cost effective products are becoming the preferred choice of many operators in emerging markets. The GSM equipment purchased consists of multiple AdaptaCell® broadband, software-defined base stations, AirSite® Backhaul Free™ base stations, associated BSS equipment, an additional Mobile Switching Center and services, all of which is planned for deployment in the second half of 2002.
"Operators in emerging markets have begun to see the flexible benefits of our patented SDR technology," said Glenn Ehley, president and CEO of AirNet. "These operators are selecting AirNet both for its ability to address high capacity and coverage applications in a cost-effective manner. Success in these markets and environmental conditions are crucial in building the credibility required to achieve sales with larger operators around the world."
Since its restructuring last September, AirNet has received approximately $28M in new purchase orders from multiple customers for deployment in the U.S., Asia, and Africa including approximately $10M in orders, which are presently being deployed in Afghanistan as part of reconstruction efforts.
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
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 70 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
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, 2001.
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.
AirNet Communications Corporation, Copyright 1999-2003. All Rights Reserved.