Airspan Networks and GlobaLoop Partner On High Speed Wireless Internet Access for Multi-Tenant Facilities.

Business Editors/Technology Writers

BOSTON--(BUSINESS WIRE)--June 26, 2001

WCA Tradeshow-Booth 809--

Airspan's AS 4000 and GlobaLoop's G. Loop(TM) Building Gateway(TM)

Solution Enables High-Speed Wireless Internet

Access to Individual Tenants in Multi-Tenant Facilities

Airspan Networks, Inc. (Nasdaq:AIRN) a leading worldwide supplier of broadband wireless access solutions, announced today it has successfully completed interoperability and compatibility tests of Airspan's broadband wireless access AS 4000 platform with GlobaLoop, a provider of Internet access solutions to multi-dwelling facilities including apartments, offices and hotels.

The testing was completed at Airspan's research and development center in Uxbridge, UK using building gateway products manufactured by GlobaLoop and other state-of-the-art equipment to test real world scenarios and provide a true carrier-class environment for certification.

"Integrating Airspan's reliable and scaleable fixed broadband wireless access systems with Building Gateway solutions from GlobaLoop greatly enhances the business case for multi-tenant facilities," said Airspan Networks' Vice President of Business Development, Chris Rogers. "By utilizing one high-speed wireless link to the building coupled with standard, non-proprietary in-building distribution to multiple users, the wireless access system operator has a significant competitive cost advantage over traditional DSL providers."

The GlobaLoop Building Gateway, which is ideal for multi-tenant units (MTU's), small offices and residential buildings, utilizes the existing copper wire telephone infrastructure, eliminating the need for new wiring. It is an integrated, IP-based platform that provides fast and convenient voice and Internet access to multiple independent users within a single facility. The Building Gateway is a fully scaleable plug and play solution. There is no need for new cables, nor is there a need to install NIC cards in the subscriber's personal computer.

Each individual subscriber in the building connects via a DSL modem or V90 modem to the gateway for Internet services. The gateway consolidates the IP traffic and connects via an Airspan wireless DSL subscriber terminal to the Internet via a 100/10 Ethernet connection. The gateway is scalable from 4 to 48 simultaneously connected users within the facility and supports concentration.

"Airspan has a good understanding of the MTU market which expects complete Internet solutions all the way to the subscriber," said Avi Miron, Co-Founder and VP of Business Development for GlobaLoop. "By combining Airspan's reliable and scaleable broadband access system with G.Loop, we are able to deliver superior cost-effective services to the end user, right up to the home or office."

Editors Note: Eric Stonestrom will be speaking at the conference on Wednesday, June 27 at 10:00 a.m. on Obtaining and Retaining Small to Medium Enterprise Customers.

About GlobaLoop

GlobaLoop develops and markets G.Loop(TM), the in-building mini-DSLAM. G.Loop is uniquely designed to deliver Internet access solutions for Multi-Tenant and Multi-Dwelling units (MTU/MDU) such as residential buildings, offices and hotels. G.Loop is a Building Gateway(TM), enabling diverse value added services such as Video on Demand (VoD), Video Conferencing, Voice over Broadband, local and personalized content and more. G.Loop supports both standard ADSL (Asynchronous Digital Subscriber Line) broadband technology and patented Accelerated Access from internal or external PC modems, without the need for any configuration changes. G.Loop is shipped with an essential home-page re-direct option providing e-commerce and advertising opportunities, as well as remote management and billing applications. GlobaLoop's products are distributed worldwide by system integrators, VARs and OEMs.

About Airspan Networks

Airspan provides wireless DSL systems and solutions to operators around the world with licenses in frequency bands between 900 MHz to 4 GHz, including both PCS and MMDS. The company has deployments with more than 50 operators in more than 40 countries. Airspan's systems are based on radio technology that delivers wide area coverage, 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. 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. The words "believe," "expect," "intend," "anticipate," and variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward looking. Forward-looking statements in this press release include, without limitation, the statements, among others, that the company has momentum in providing the widest range of solutions available to every market segment and that the use of Airspan's products coupled with GlobaLoop's products will give operators a significant cost advantage over individually-fed DSL or wireless subscribers. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement.