AirNet Communications
Receives $2M Follow-On Order From
Melbourne, FL, October 29, 2001 - AirNet Communications Corporation (NASDAQ: ANCC),
the technology leader in base station products for wireless
communications, has been awarded a follow-on order by TMP Corporation for
additional base station equipment. This $2 million order is the third phase of a
contract announced in March, 2001.
The newly purchased AirNet equipment, which will be delivered in 2001 and
2002, will allow TMP to further increase the capacity of its Global System for
Mobile Communication (GSM) network in Quincy, IL and surrounding areas in
response to increasing demand for wireless services. The equipment ordered
includes additional AdaptaCell™
broadband, software-defined base stations, which will provide increased
capacity within the urban areas. In addition, the order includes the AirSite®
Backhaul Free™
base stations which are designed to eliminate the need for expensive T1
services in lower density areas. Other related telecommunications equipment was
also part of the order. "AirNet continues to prove that its base station solution delivers the
highest quality voice and high-speed data services that TMP customers have come
to expect," said Walt Rowland, president of TMP. "As we continue to
expand our network, it is important for us to ensure that we purchase equipment
that seamlessly provides a path toward higher speed services and wireless
Internet applications. We have found that AirNet's high capacity and cost
effective base station solution is the only way to do this." The first phase of this contract, announced in March, was valued at $2
million with a follow-on order announced in May. The latest order brings the
total now to $5M. Additional expansion orders are expected to bring the contract
total to $7 million. "We are pleased to expand our valued relationship with TMP," said
Glenn Ehley, president and CEO, AirNet Communications. "Whether an operator
needs coverage or capacity, AirNet has the most cost-effective base station
solution available. TMP is building out its network with the industry's most
flexible software-defined radio products and this additional order highlights
the AirNet value proposition that enables our customers to cost effectively
build out their networks." The AirNet base station is a broadband, software-defined solution that allows
wireless operators to easily migrate to GPRS and EDGE using their existing
AirNet base stations by simply upgrading software. The upgrade can be performed
remotely from a network control center, dramatically reducing the cost and time
of deploying the solution to every cell site. About TMP
TMP Corporation, owned by Adams Telcom a wholly owned subsidiary of Adams
Telephone Cooperative and Illinois Signal Communications, Inc., provides service
in a 6,000-plus square mile area that includes large portions of Illinois,
Missouri and Iowa. Adams is the local telephone cooperative serving portions of
six counties and provides telephone, CATV, wireless television, long-distance,
calling card services and Internet service for the area. Illinois Signal is a
regional paging company and RF communications firm that provides paging services
to Illinois, Missouri, and southeast Iowa. 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. |
