Airspan Networks Relocates to U.S. to Meet Increasing Demand for Wireless DSL in North and South America.Business Editors SUNRISE, Fla.--(BUSINESS WIRE)--Nov. 6, 2000 Former Nortel Networks Executive, Matt Desch, Appointed Chairman of Airspan's Board Airspan Networks Inc. (Nasdaq:AIRN), a leading provider of fixed wireless DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary , today announced that it is relocating its corporate headquarters to Sunrise, Fla. to answer telecom service provider's increasing demand for high-speed Internet access in the small office/home office See SOHO. (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) and residential markets within North and South America. The company's Uxbridge facility near London will continue to serve as the primary location for operations, manufacturing and product development. The company also announced that Matt Desch, former executive vice president and president of Nortel Networks, was recently appointed Chairman of Airspan's Board of Directors. "Our products provide an ideal solution for service providers rolling out DSL services in the United States and we have deployments currently underway," said Eric Stonestrom, Airspan 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. and president. "This move to the United States gives us the opportunity to continue expanding our global footprint into the fastest growing markets for fixed wireless access systems." Desch formerly served as president of Nortel Networks' service provider solutions division, responsible for telecommunications carrier customers in Europe, Asia, Africa and the Middle East. Desch also successfully directed Nortel's $4 billion mobile and fixed wireless access network business. "Demand for high speed Internet access is a worldwide phenomenon, but the most demanding applications have traditionally come from North America," said Desch. "Airspan is a pioneer in building the local wireless Internet, and our new headquarters is the perfect place to continue that growth." About Airspan Networks Airspan (http://www.airspan.com) provides wireless DSL systems and solutions to communications service providers around the world with licenses in frequency bands between 900 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. to 4.0 GHZ, including both PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. and MMDS (Multichannel Multipoint Distribution Service or Microwave Multipoint Distribution Service) A digital wireless transmission system that works in the 2.2-2.4 GHz range. . The company has deployments with more than 40 communications service providers in more than 30 countries. Airspan's systems are based on DS-CDMA DS-CDMA Direct Sequence Code Division Multiple Access technology that provides wide area coverage, security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to facilitate the deployment and operation of its systems. More information on Airspan can be found at http://www.airspan.com This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on those factors identified in the company's filings with the SEC. |
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