To: TATRADER who wrote (33785 ) 12/5/2002 3:41:19 PM From: Findit Respond to of 59879 AIRN down to 1.01 after news release. Hard to explain as the release was positive. BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 5, 2002--Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of fixed broadband wireless networks, reports that the integration of the recently acquired WipLL product division from Marconi is progressing on schedule. Since acquiring the division in early October, Airspan has completed the transfer of all major customers and contracts to its operations. The company has secured new business in several major markets, delivering product in excess of $3 million to both existing and new customers, in line with its expectations for this product when it made the acquisition. Under Airspan's ownership, the WipLL product is developing significant new traction in the US market as the company begins to sign up new distribution channels and customers. "Airspan has benefited to date from this acquisition in terms of scale and addressable market, and is well poised to see continued growth from this set of products and applications," says Eric Stonestrom, President and Chief Executive Officer. "We have found a real receptivity to the product family in the worldwide market as customers and equipment distributors recognize the superior capabilities of the product to address the final mile bottleneck for Broadband services. We have established a strong rapport with existing international WipLL customers, and we have signed deals with several new international customers as well. We are initiating trials now with five operators and distributors in the USA, and we are receiving very positive indications from the US market in terms of the price/performance fit of our products. Demand for broadband data connectivity in the USA grows stronger every day, and WipLL is a very cost-effective product for operators and ISPs to equip the last mile for broadband to meet the demand." WipLL is important for Airspan because it allows the company to provide economical data transmission infrastructure to operators and ISPs to narrow the gap between the very high number of PC-equipped households and the very low number of broadband-enabled households. The discrepancy between these two is a severe limiting factor in the growth rates of online services, and regulators and governments in both developed and developing economies are making a higher speed final mile a top priority. This is especially important as video compression techniques evolve and the array of services available to end users increases from simple web browsing to full-scale entertainment delivery, which requires connection in excess of dial up modem speeds. About Airspan Networks Airspan Networks provides wireless DSL systems and solutions to both licensed and unlicensed operators around the world in frequency bands between 900 MHz to 4 GHz, including both PCS and MMDS. The company has deployments with more than 100 operators in more than 50 countries. Airspan's systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan's main operations are based in Uxbridge, United Kingdom with a WipLL product research and development facility in Lod, Israel, employing approximately 60 people. More information on Airspan can be found at airspan.com This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on those factors identified in the company's filings with the SEC. The words "believe", "expect", "intend", "anticipate", variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward looking. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement. CONTACT: Airspan Networks, Boca Raton For media inquiries: Al Quintana, 561/893-8683 Fax: 561/893-8681 Email: aquintana@airspan.com or For investment inquiries: Peter Aronstam, 561/893-8682 Fax: 561/893-8671 Email: paronstam@airspan.com KEYWORD: FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING INTERNET COMPUTERS/ELECTRONICS BANKING PRODUCT SOURCE: Airspan Networks Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (END) DOW JONES NEWS 12-05-02 03:32 PM