Alvarion Receives Follow-on Order of an Additional $1M From Spain's Banda Ancha -BASA-.Business Editors/High Tech Writers TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom - AVIV, Israel--(BUSINESS WIRE)--April 24, 2002 BASA BASA Banco da Amazônia SA (Amazônia Bank, Brazil) BASA British Adhesives and Sealants Association BASA British Automatic Sprinkler Association (England) Uses Alvarion's 3.5 GHz System To Deliver Advanced IP Services Targeting Business and Residential End-Users Alvarion Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALVR), a leading provider of Broadband Wireless See wireless broadband. Access (BWA (Broadband Wireless Access) High-speed wireless access. Typically refers to wireless last mile access to the Internet. See WiMAX and broadband. ) solutions, today announced the receipt of a follow-on order of $1 million for additional equipment in the 3.5 GHz frequency band from Banda Ancha S.A. (BASA), a Spanish provider of broadband telecommunications services. Banda Ancha was established in April 2000 by the ALO Communications, a leading fixed line telecommunications operator in Spain, the Dragados Group, a major Spanish construction services company and Hidrocantabrico, a Spanish electric utility, with the goal of becoming a leading IP service provider in the deregulating de·reg·u·late tr.v. de·reg·u·lat·ed, de·reg·u·lat·ing, de·reg·u·lates To free from regulation, especially to remove government regulations from: deregulate the airline industry. Spanish telecommunications market. In just two years of operation, the company has built its fixed wireless network to cover more than 40 cities, and supplies broadband access See broadband and wireless broadband. services, such as "always on" Internet access See how to access the Internet. and high-speed data services to SME/SOHO business and residential customers. Over the next three years, Banda Ancha intends to expand its network to cover 118 metropolitan areas, enabling it to reach 80% of Spain's population and more than 94% of its businesses, and to expand its offerings to include Voice over IP and other services. Commenting on the news, Mr. Alejandro Rivas Micoud, President of Banda Ancha, said, "Banda Ancha's goal is to supply the broadest range of high-quality IP-based services by offering comprehensive, flexible, and cost-effective solutions to all types of business and residential end-users. "We are very pleased with our selection of Alvarion as a technology partner, and with the reliable and cost-effective performance of its advanced BWA systems. The wide range of applications that the network supports, including VPNs, point-to-point lines, tele-security, videoconferencing, and beyond, gives us a competitive advantage." Zvi Slonimsky, 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. of Alvarion, added, "Banda Ancha's impressive success proves that alternative operators can flourish when they are well-capitalized and understand the needs of their markets. We are proud of the performance of our technology, which enables them to provide a huge range of service differentiated by their features and quality, while minimizing their operating costs operating costs npl → gastos mpl operacionales . We look forward to continued cooperation with Banda Ancha as it continues to build and upgrade its network." About Banda Ancha S.A. (BASA) BASA was established in April 2000 by the ALO, a leading fixed line telecommunications operator in Spain, the Dragados Group, a major Spanish construction services company and Hidrocantabrico, a Spanish electric utility, and was granted a license to provide wireless telecommunications services throughout Spain in the 3.5 GHz frequency band. Using an advanced BWA network, BASA focuses on the provision of quality services with fast response time, flawless network functionality, support of rigorous Service Level Agreements (SLAs), and real-time performance monitoring. The voice and data solutions supported by BASA's network include IP-based VPNs, point-to-point lines, Voice Over IP, tele-security, videoconferencing, and others. Its services are currently available in more than 40 cities throughout Spain, and will be expanded during the next three years to reach 118 metropolitan areas, covering 80% of Spain's population and more than 94% of its businesses. For more information, visit BASA's website at http://www.basacom.com About Alvarion Alvarion is a premier provider of solutions based on Point-to-Multipoint (PMP See point-to-multipoint and portable media player. PMP - Portable Media Player ) Broadband Wireless Access (BWA) used by telecom carriers, service providers, and enterprises worldwide. Alvarion systems provide Internet access and voice and data services in the last mile, cellular network feeding, building-to-building and wireless local area network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) connectivity. Alvarion offers the broadest range of BWA solutions by market segment and frequency band, designed to address all carriers' and service providers' business models. With its combined market experience, strong customer base, diversified distribution channels and field-proven deployments, Alvarion is a leading BWA pure play provider for every end user profile, from residential subscribers to business customers. For more information, visit Alvarion's World Wide Web site at http://www.alvarion.com. This press release may contain forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on the current expectations or beliefs of Alvarion's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers and other risks detailed from time to time in filings with the Securities and Exchange Commission. You may register to receive Alvarion's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com. |
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