Aironet Provides Banc of America Securities With Wireless Connectivity Solutions.

AKRON, Ohio--(BUSINESS WIRE)--Nov. 11, 1999--

Aironet Wireless Communications, Inc. (Nasdaq:AIRO) -- a leading provider of high performance wireless local area network (WLAN) wireless network solutions -- has announced that Banc of America Securities has chosen Aironet wireless high-speed networking technology for a number of its business units.

Banc of America Securities LLC (BAS), a subsidiary of Bank of America Corporation, is a full-service investment bank and brokerage firm. With principal offices in San Francisco, New York City and Charlotte, BAS employs more than 4,000 associates in offices around the country, and with affiliates, offers capabilities worldwide.

In investment banking, communicating quickly with clients and fellow traders and remotely monitoring changes in the market is critical to the company's success. Today, thanks to the Aironet 4800 Turbo DS(TM) wireless local area network (WLAN) products, employees at Banc of America Securities can securely monitor the market wirelessly, from anywhere in the building.

The Aironet 4800 Turbo DS(TM) high-speed 11 Mbps wireless LAN products work and perform like a wired local area network. The 802.11b standards-based products achieve high data rates, deliver maximum range and are easy to use and install -- providing fast, reliable, and secure connections with minimal effort.

In one location alone, Banc of America Securities' Information Technology group supports more than 5,000 devices. "Recently we needed to re-deploy a number of employees into a new temporary area. To hardwire the network would have taken days. With Aironet's wireless networking solution, we were able to set up over night and save over 40 percent in costs. Aironet brings our users the empowering technology needed to best serve our clients," says Steve Linder, VP Desktop Engineering at Banc of America Securities.

The Banc of America Securities IT group recently outfitted printers in one of their offices with Aironet wireless Universal Client adapters. By using the adapter, a printer placed on a mobile cart can be wirelessly connected to the network whenever and wherever it is moved. Location of printers is no longer dependent upon physical network connections.

"Aironet wireless networking solutions offer companies a new found freedom. The ability to move from floor to floor, office to office, conference room to trading floor allows enterprises a mobility that enhances the way they work," says Ron Willis, vice president of sales and marketing for Aironet. "We provide any business or enterprise the freedom to work the way we live...on the move."

Aironet was the first company to market with a high-speed 11 Mbps, IEEE 802.11b standard-compliant wireless network solution that has found widespread success with small, medium and large businesses as well as global enterprises since its introduction last fall. The 4800 Turbo DS(TM) Series family is based on the world leading AP4800 Access Point and a full-range of client solutions -- PC Cards, PCI, and ISA. The 4800 Series products have received an Editor's Choice Award and Well-Connected Award from Network Computing magazine, as well as the Product of the Year Award from Network Magazine.

About Banc of America Securities

Banc of America Securities provides equity underwriting, acquisition financing, private placements, senior loans and loan syndication, municipal finance, high yield and investment grade debt issuance. BAS also offers capital markets capabilities, with bulge bracket trading operations as well as institutional sales, research, prime brokerage, clearing and private client services. Banc of America Securities serves as a primary dealer in U.S. government securities and as a dealer in state and municipal obligations, federal agency obligations, commercial paper, money market instruments and mortgage and asset-backed securities. BAS is a registered broker-dealer with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers and the New York Stock Exchange.

Bank of America Corporation, with $621 billion in total assets, is the holding company of the largest bank in the United States, with operations in 21 states and the District of Columbia.

About Aironet

Aironet is a leading provider of high-speed, standards-based wireless local area networking (WLAN) solutions. Aironet's in-building wireless LAN products provide flexible wireless network connectivity, including Internet access, to mobile PC users throughout a building or around a campus. Aironet's building-to-building bridges provide fixed wireless connectivity between sites. Supporting data rates up to 11 Mbps, Aironet's wireless networking products are based on industry standards and operate in the unlicensed 2.4 GHz frequency band. The Company markets it products worldwide through distributors, value-added resellers (VARs) and OEM partners. Aironet (AIRO) is listed on the NASDAQ National Market and is headquartered in Akron, Ohio (Web Site: www.aironet.com).

This press release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect management's current assumptions and estimates of future performance and economic conditions. Among the important factors that could cause the actual result to differ materially from those indicated by such forward-looking statements are delays in product developments, undetected software errors and bugs, competitive pressures, technical difficulties, market acceptance, changes in customer requirements and general economic conditions. In addition, Aironet cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends and events to differ materially from those matters expressed in or implied by such forward-looking statements. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders.