Airespace Ascends to Red Herring 100; Company Distinguishes Itself as the Only WLAN Infrastructure Vendor on Premier List of Private Technology Companies to Watch.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 2004

Airespace, Inc., the leader in intelligent Wireless LAN (WLAN) systems, announced today that it has been named to the 2004 Red Herring 100, the industry's definitive list of private technology companies who are having the biggest impact on the market place. Airespace is the only WLAN systems vendor selected to the Red Herring 100, an elite list of companies chosen by the editorial team of Red Herring, a premier magazine of business technology and innovation.

"Earning the Red Herring 100 distinction means a company must build both a business model and a product that will go the distance," said Brett Galloway, Airespace's president and chief executive officer. "Airespace pioneered a new approach to helping companies gain the maximum productivity gains from their wireless networks. It is gratifying that Red Herring acknowledges our unique value proposition, as well as our tremendous potential for success."

Over the last few months, Red Herring editors have spent hundreds of hours talking with experts and carefully examining over 500 private global companies' business models, financials, technology, and management teams. Red Herring's unique approach of using both qualitative measurements and quantitative business metrics to assess a company's potential sets it apart from other lists, making it a prestigious honor for those companies finally selected to the Top 100.

This year's selection process was weighted to reflect the reality of survival in today's challenging marketplace: generating revenues, establishing a strong customer base and equally strong industry partnerships. Red Herring has significantly broadened its geographic scope across the globe to include companies from 10 countries, including China, Japan, Israel, the U.K. and Germany.

About the Red Herring Top 100

In its seventh year, the Red Herring 100 has become the most respected list of its kind. Red Herring editors compile the list by using the same combination of subjective insights and hard metrics favored by venture capitalists and investment bankers. These factors predict a company's ability to disrupt existing markets or create entirely new ones.

A complete list of the Red Herring Top 100 for 2004 can be found at www.redherring.com/rh100.

About Airespace, Inc.

Airespace designs and develops intelligent wireless networking platforms that support business-critical applications. The company has set the standard for enterprise Wireless LANs, having earned Network Computing's "Editor's Choice Award," Network World's "World Class Award" and "Best of the Test Award," Internet Telephony's "Product of the Year," and nomination as one of the "Best Wireless Products of 2003" in InfoWorld's "Reader's Choice" Awards. With dynamic RF management, air-tight security, seamless mobility, and support for real-time applications such as voice, Airespace helps enterprises implement secure Wireless LAN networks worldwide.

For more information on Airespace and its products, visit www.airespace.com or call 408-635-2000.