AirNet Communications Emerges from Chapter 11.TECORE Acquires AirNet to Form Advanced Wireless Systems Provider MELBOURNE, Fla. -- AirNet Communications Corporation announced today that its plan of reorganization was approved by a court order entered on October 2, 2006, allowing AirNet to emerge from Chapter 11. TECORE Wireless Systems and AirNet Communications also announced today that TECORE has completed its acquisition of AirNet by acquiring all of re-organized AirNet's new stock; and provided exit financing to further strengthen AirNet's balance sheet. AirNet's operation will remain in Melbourne, Florida. "We are extremely pleased to have concluded our reorganization while simultaneously retaining our valuable customers and our core technical personnel and assets," said Glenn Ehley, AirNet's emeritus 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. . The plan approved by the court maximizes creditor recovery and affords the company a new opportunity to compete in today's wireless telecom environment. As long time strategic partners, the acquisition of AirNet by TECORE enhances the existing relationship by building on the best of both companies to form an advanced, wireless systems provider. "TECORE's network expertise coupled with AirNet's advanced radio technologies make this combination stronger than just the sum of the parts," said Jay Salkini, President and CEO of TECORE. "We are now not only a full-line supplier, but AirNet's latest IP-based product offerings strategically coordinated with TECORE's SoftMSC[R] provide the most advanced network architectures available. Focusing our specific strengths will allow us to penetrate new markets while continuing to support and expand our existing customers' networks." About AirNet AirNet Communications Corporation is an internationally recognized supplier of advanced technology base stations that are IP-based, compact and rapidly deployable. AirNet won the coveted World Award for Best Radio Access Product in 2006 and for Best Technical Innovation in 1998 from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by visiting the AirNet Web site at www.airnetcom.com. About TECORE Founded in 1991, TECORE Wireless Systems is a leading worldwide provider of wireless communications systems. Its innovative SoftMSC switching system features a patented multi-protocol architecture supporting GSM/GPRS/EDGE, CDMA/1xRTT/1xEV-DO, WiFi, and WiMAX technologies, enabling converged voice, data, and multimedia services from a common platform, ideal for both operators and enterprises. The SoftMSC platform integrates all core network nodes, including MSC (1) (MSC.Software Corporation, Santa Ana, CA, www.mscsoftware.com) Founded in 1963 by Richard H. MacNeal and Robert G. Schwendler, MSC is the world's largest provider of mechanical computer aided engineering (MCAE) strategies, simulation software and services. , VLR (Visitor Location Register) A database in a cellular system that contains all the subscribers who are currently visiting within this service area. See HLR. , HLR, HSS, STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. , SMSC SMSC Short Message Service Center SMSC Standard Microsystems Corporation (New York) SMSC Spiritual Moral Social Cultural (education) SMSC Stephenville Medical and Surgical Clinic , MMSC, SSF, SRF SRF abbr. somatotropin-releasing factor , CSCF CSCF Call Session Control Function CSCF Canadian Ski Coaches Federation CSCF Centre Suisse de Cartographie de la Faune (Neuchâtel, Switzerland) CSCF Call State Control Function (3GPP) , and SCF/Intelligent Network, and supports emerging IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. architectures and services. TECORE provides complete end-to-end wireless networks comprised of SoftMSC-based network subsystems, advanced radio access networks featuring CoreCell([TM]) base stations offerings and a comprehensive suite of professional services. TECORE is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certified company. For more information, please visit the TECORE website at www.tecore.com. TECORE([R]) and SoftMSC([R]) are registered trademarks with the U.S. Patent and Trademark Office. CoreAccess and CoreCell are trademarks of TECORE, Inc. Other names are registered trademarks or trademarks of their respective companies or organizations. All rights reserved. |
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