TECORE Wireless
Systems Purchases
Melbourne, FL, November 27, 2001 - AirNet® Communications Corporation (NASDAQ:
ANCC), the technology leader in software defined base station
products for wireless communications, today announced that TECORE Wireless
Systems, a wireless communications and global systems integration company, has
taken immediate delivery of approximately $1.5M of AirNet products which include
the AdaptaCell™ Broadband, Software Defined base
station and related wireless communications equipment. This order is the first
step of a broader market penetration strategy for both AirNet and TECORE.
"AirNet's world-class solutions have enabled us to become successful in
new markets that are different from our traditional markets," said Jay
Salkini, president and CEO of TECORE. "Coupled with our world renowned
AirCore switching system, we have found that AirNet's high capacity and cost
effective base station solutions are the perfect fit for these markets." TECORE's focus on networks under 100,000 subscribers has enabled it to become
an industry leader in system integration around the world. TECORE's
multi-function scalable solutions enable carrier-class, feature-rich
communications capabilities that will be deployed as part of the solution for
this new market. "This order, which will be deployed with an end user outside of our
traditional customer base, is a realization of our strategy announced during our
third quarter conference call to penetrate new markets with our software-defined
radio," said Glenn Ehley, president and CEO of AirNet. The AirNet AdaptaCell is a broadband, software-defined solution that enables
wireless operators to easily migrate to GPRS and EDGE using their existing
AirNet base stations by simply upgrading software. Such upgrades can be
performed remotely from a network control center, dramatically reducing the cost
and time of deploying the solution. Moreover, the AirSite Backhaul Free Base
Station provides an extremely cost-effective way to expand networks in secondary
and low-density areas. About TECORE TECORE* is the world's most innovative developer of scalable high performance software-defined switching solutions for smaller wireless markets. The company's AirCoreŽ system supports the mobile switching center (MSC), visitor location register (VLR), home location register (HLR), authentication center (AuC) functionality and incorporates prepaid services and tandem switching capabilities in a single, extremely compact unit. The AirCore system is also the only switching solution offering simultaneous MSC functionality and cross-roaming between GSM, TDMA, and CDMA networks. Named one of the "20 Firms for the Next Generation," TECORE, Columbia, Md., is a global leader in converging wireless and IP networks and wireless enterprise systems solutions. TECORE's wireless switching solutions support GSM, CDMA, TDMA, GPRS, IP and next-generation technologies. For more information, please visit the TECORE website at www.tecore.com. 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 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 pending 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.
AirNet
Communications Corporation, Copyright 1999-2003.
All Rights Reserved. |
