Airspan Networks and Fujitsu Partner to Deliver WiMAX Broadband Wireless Access Solutions; Through Co-Operation with Airspan, Fujitsu Plans to Enhance Its Extensive Wireline Access Portfolio with Wireless Technology.

BOCA RATON, Fla. -- Airspan Networks (NASDAQ:AIRN) announced today that it has signed a Memorandum of Understanding (MoU) with Fujitsu Telecommunications Europe Ltd., to enter into a reseller agreement for Airspan's AS.MAX family of WiMAX broadband wireless access products. The MoU will pave the way for the reseller agreement, under which Fujitsu will resell Airspan's HiperMAX, MacroMAX and MicroMAX base-station products, as well as EasyST and ProST customer premise equipment. The two companies will also evaluate options for incorporating Airspan's WiMAX technology into Fujitsu's GeoStream Access Gateway portfolio of products.

Andy Stevenson, General Manager of Fujitsu Telecommunications in Europe, commented: "WiMAX is the single most important development in broadband wireless access, and has generated enormous interest from large and medium sized operators in Europe, North America and Asia. The economies of scale and advanced technology offered by WiMAX makes broadband wireless an attractive complement to our already extensive copper and fibre access capabilities. In Airspan, we have found a partner that shares our vision of the access market. We have been impressed with the leadership that Airspan has shown with its AS.MAX products and our objective is to offer our customers a unique value proposition by bringing together our expertise with that of Airspan."

Commenting on the agreement, Eric Stonestrom, President and CEO of Airspan Networks, said: "The interest in AS.MAX following its launch at CeBIT in March has been very encouraging. We are delighted to have been chosen by a world leader such as Fujitsu as its WiMAX partner. Fujitsu is a leading supplier of access and transport products to many of the world's leading carriers. Together, we will be able to bring truly innovative access solutions to customers in Fujitsu's key markets."

Airspan's AS.MAX product family has been designed for indoor, self-installable deployment, an essential component for the economic rollout of broadband wireless. The EasyST is the first product of its type to offer fully indoor plug-and-play WiMAX services. The product family will be commercially available in the third quarter 2005. Fujitsu's GeoStream Access Gateway portfolio of products encompasses state-of-the-art, highly scalable copper and fibre access solutions, specifically developed for the high density, high functionality requirements of Next Generation Multi Service Access Networks.

About WiMAX Forum

The WiMAX Forum(TM) is an industry-led, non-profit corporation formed to help promote and certify the compatibility and interoperability of broadband wireless products using the IEEE 802.16 and ETSI HiperMAN wireless MAN specifications. The forum's goal is to accelerate the introduction of these devices into the marketplace. WiMAX-Certified(TM) products will be fully interoperable and support Metropolitan Broadband Fixed and Portable Applications. For more information about the WiMAX Forum and its activities, please visit http://www.wimaxforum.org

About Airspan Networks Inc.

Airspan Networks provides wireless voice and data systems and solutions, including Voice Over IP (VoIP), to both licensed and unlicensed operators around the world in frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong product evolution roadmap that includes offerings compliant with the new 802.16-2004 standard, and with built-in 802.16e capability. Airspan is on the Board and a founder member of the WiMAX Forum. The Company has deployments with more than 200 operators in more than 100 countries. Airspan's systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.

More information on Airspan can be found at http://www.airspan.com

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, highly reliable computing and telecommunications platforms, and a worldwide corps of systems and services experts, uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.77 trillion yen (approximately US$45 billion) for the fiscal year ended March 31, 2004. (For more information, please see: http://www.fujitsu.com)

About Fujitsu Telecommunications Europe

Fujitsu Telecommunications Europe Limited is a major supplier of Broadband Access equipment in Europe and is Fujitsu's worldwide design location for access network solutions - including a centre of excellence for the development of Digital Subscriber Line (DSL) technology. From its base in Birmingham, West Midlands, Fujitsu designs, develops and manufactures telecommunications technology for the European market. The company has a long-standing relationship with BT spanning many years, with its technology accounting for over 2 1/2 million lines of DSL broadband in the UK. Fujitsu was recently announced as a preferred supplier for BT's 21st Century Network. The company's advanced technology has resulted in the Queen's Award for Enterprise: Innovation 2005, in addition to the ISPA's Best Hardware Award 2005. (For more information, please visit: uk.fujitsu.com)

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of Airspan management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Airspan may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Airspan makes. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect Airspan's business and cause actual results to differ materially from those set forth in the forward-looking statements. Airspan is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2004. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. Airspan does not assume any obligation to update any forward-looking statements.