Airspan to Supply WiMAX Wireless Access and VoIP Solutions to PuntoNet in Ecuador14 July 2006
Airspan Networks, Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX-based broadband wireless access networks and carrier class Voice over Internet Protocols (VoIP) and Wi-Fi Hotzone systems, announced today the signing of a contract with PuntoNet S.A. of Ecuador, for delivery of pre WiMAX and WiMAX equipment, using Proteco Coasin as the network integrator. The equipment will be used to develop Ecuador's first end-to-end network solution combining broadband wireless with soft switch and gateway capabilities for providing VoIP solutions. The contract, valued at more than $1 million, covers the supply, installation and maintenance of Airspan's pre-WiMAX, WiMAX and AS.TONE product lines.
PuntoNet started operations in Quito, Ecuador in 2000, and today it is one of the largest ISPs in Ecuador, providing data, Internet and aggregated value services in four major cities to more than 10,000 corporate and residential customers. The company started deploying wireless infrastructure in Quito, Guayaquil, Cuenca and Santo Domingo in 2005 using Airspan's WipLL products, and it will use the WiMAX network both to extend the reach of the initial wireless networks and to add VoIP capabilities.
Enrique Quiroz R., President of PuntoNet, commented: "We have successfully installed pre-WiMAX equipment in four major cities in Ecuador. In the 3rd quarter 2006 we will become the first ISP in Ecuador to start a major deployment of WiMAX infrastructure throughout the country. This will give us the competitive advantage of being able to offer Internet broadband, data and VOIP services to our current and potential customers off one platform."
"We are very pleased that PuntoNet has chosen Airspan's AS.MAX and AS.TONE families of equipment to launch Ecuador's first WiMAX-based triple play," said Amit Ancikovsky, Airspan's Vice President and General Manager, Latin America. "Since our acquisition of ArelNet's VoIP technologies last year, we have invested heavily to create the first fully integrated VoIP system running on WiMAX. As a result, we expect our VoiceMAX platform to become the de-facto standard for broadband fixed wireless data and voice services in the Latin America region."
About Airspan Networks, Inc.
Airspan Networks provides fixed and wireless voice and data systems and solutions, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong wireless product roadmap that includes offerings compliant with the 802.11 a/b/g and the WiMAX 802.16-2004 standard, including software upgradeability to Mobile WiMAX (the 802.16e-2005 standard). Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments with more than 350 operators in more than 100 countries. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan's new AS.TONE VoIP system is a carrier class, turnkey solution that provides carriers with Class 4, Class 5 and IP-Centrex solutions and has a Softswitch and Gateways supporting SIP/H323 and SIP. AS.TONE's design provides customers, carriers, next-generation telcos, cellular providers and ITSP with a wide range of solutions with the best price/performance system for IP telephony. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.
More information on Airspan can be found at http://www.airspan.com
About PuntoNet
Information on PuntoNet can be found at http://www.punto.net.ec/texto.php?menu=2&sub=1&sub2=0
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; (v) the potential loss of Axtel and Yozan as our largest customers; and specific to this press release, (vi) our potential inability to locate and secure additional sources of capital at the time and in the amount needed; (vii) the possibility that Yozan will materially delay or cancel future equipment orders; (viii) our inability to cancel certain component orders and/or to use or sell any excess inventory we accumulate as a result of the Yozan contract amendment; and (ix) specific to this press release, Airspan's ability to successfully integrate WiMAX and VoIP technologies; PuntoNet's ability to deploy and operate the network; and PuntoNet's ability to pay for the network. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended 31 December, 2005 and its Form 10-Q for the quarter ended April 2, 2006. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.
For Investment inquiries, contact: Airspan Networks: Peter Aronstam Chief Financial Officer Tel: +1 561 893-8682 Fax: +1 561 893-8671 Email: Email Contact
SOURCE: Airspan Networks, Inc.
Source: marketwire
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