AirNet Announces US$5M in Orders for African GSM Network; SDR Technology Gaining Traction in Emerging Markets.Business Editors/Technology Writers MELBOURNE, Fla.--(BUSINESS WIRE)--Aug. 16, 2002 AirNet Communications Corporation (Nasdaq:ANCC ANCC American Nurses Credentialing Center ANCC Association Nationale des Cardiaques Congénitaux ANCC Army-Navy Country Club (Arlington, VA) ANCC Area Nine Cable Council (state mandated government body in UK) ), the technology leader in broadband software defined radio A wireless terminal (phone, PDA, etc.) that is reconfigurable via software. It enables wireless devices to be easily updated to new or later versions of the air interface and allows multiple interfaces to be supported. base station solutions for wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , 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(R) broadband, software-defined base stations, AirSite(R) Backhaul Free(TM) base stations, associated BSS See 802.11. BSS - Block Started by Symbol equipment, an additional Mobile Switching Center A switching center is a node in a telecommunications Circuit switching network which is connected to either another switching center and/or to end user devices. Switching centers are aware of other centers and possible routes between them such that on demand a center can establish 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 See software defined radio. technology," said Glenn Ehley, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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. 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 data 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 high-speed data and the Super Capacity(TM) base station. 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 70 patents issued or pending and has received the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. 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 http://www.airnetcom.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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, our customers may not be able to obtain or maintain financing to operate their business, credit risks from financed customers may hurt our results. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001. AirNet(R), AdaptaCell(R) and AirSite(R) are registered trademarks with the U.S. Patent and Trademark Office. The stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. AirNet mark, Super Capacity(TM), Backhaul Free(TM), and We're Ready for Anything(TM) are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion