AirNet Communications Selling Wireless Patent Portfolio.

Valuable Patents on Software Defined Radio, Broadband Base Stations, Wireless Video Delivery and Power Line Data and Voice Networking to Be Sold Through 363 Auction

MELBOURNE, Fla. -- AirNet Communications, the GSM Base Station Technology Leader and a pioneering provider of Software Defined Radio (SDR) Base Station solutions for broadband wireless networks, announced that it is selling its patents and patent applications in order to satisfy its Creditors under its recently approved Bankruptcy Reorganization plan. The portfolio of 59 issued US patents, 31 issued foreign patents, 7 pending US and 18 pending foreign applications includes seminal SDR Base Station patents dating back to the mid- 1990's, and covers a broad-range of hot technologies including solutions for broadband SDR Base Stations, fundamental OFDM and FFT-signal processing techniques, value-added wireless network design, E911 Phase 2-related location services, frequency optimization, and innovative wireless backhaul and power management techniques. The portfolio also features seminal patents covering emerging Wireless Video delivery solutions like MediaFlo, DVB-H, and WiMAX, as well as Wireless Data Networking utilizing a building's own power lines (ala the HomePlug and related initiatives).

In May of 2006, AirNet Communications filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Middle District of Florida, Orlando Division ("Bankruptcy Court"), Case No. 6:06-bk-1171-BB. On August 17, 2006, AirNet Communications filed its amended reorganization plan, which was subsequently approved by the Court. AirNet emerged from Chapter 11 on October 13, 2006. AirNet's reorganization plan calls for the sale of the AirNet patent portfolio to satisfy the obligations to Creditors. Except for AirNet Communications retaining a right to practice, the patents, through the Bankruptcy process, are being offered to potential acquirers free of all encumbrances.

Originally spun out of Harris Corporation in 1994 to commercialize its vision of flexible and programmable wireless infrastructure, AirNet pioneered SDR Base Stations and many underlying technologies and value-added solutions. During its history AirNet received almost $280 million in investment funding, won several technology innovation awards, and installed its SDR Base Stations in metropolitan and rural areas around the world. AirNet's vision of a more nimble and efficient wireless infrastructure truly lead the marketplace. SDR is now seen as key to the future of being able to drive down the replacement costs involved with upgrading existing networks to support new standards, technologies, applications or solutions. SDR Base Stations are software reconfigurable to support multiple different wireless communications standards and the continuous evolution and improvement in Base Station components. They also allow network providers to quickly add new solutions while maintaining support and compatibility for their large installed bases. These solutions are sold into the $29B+ US Wireless Equipment market (Source: TIA, 2005).

In connection with its Chapter 11 proceeding, Pluritas, an advisory firm that specializes in transacting patent assets, was hired to package and market AirNet's patents and patent applications to potential acquirers of these assets. Bids on the patents and applications must be submitted in writing by June 1, 2007 and must provide for an all-cash purchase. Bids will be accepted on all the assets of the portfolio as well as on individual cluster lots. Interested parties should contact either Robert Aronoff [phone] or Andy Scott [phone] at Pluritas, or visit www.pluritas.com/AirNet.htm for more information about the portfolio and bidding opportunities and procedures.

About AirNet Communications

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 website, www.airnetcom.com.

About Pluritas, LLC 

Pluritas is a leading transaction advisory firm that specializes in transactions driven in large part by the value of the underlying patent assets. The Firm has been engaged in patent assignment transactions since 2002, with headquarters in San Francisco, CA. For more information, go to www.pluritas.com.