AirNet Announces $7 Million Order From Carolina PCS; Total Exceeds $21 Million
MELBOURNE, Fla.-- AirNet Communications Corporation (NASDAQ:ANCC) announced today that recent orders from Carolina PCS bring total purchases to more than $21 Million. New orders exceeding $7 Million for additional base stations and software mean that Carolina PCS has ordered more than 300 AirNet GSM Base Stations to deliver wireless service in their licensed Basic Trading Areas.
The new orders were placed under terms of a previously announced contract signed with Carolina Phone in 1998. AirNet is currently deploying equipment in several South Carolina cities under the first phase of this contract. Newly ordered equipment will be used to build out the Columbia, South Carolina market as well as expand coverage in additional areas. The equipment to be supplied by AirNet includes AdaptaCell broadband software-defined Base Transceiver Stations (BTSs), AirSite® Backhaul Free Base Stations and Triple Capacity AirSite Backhaul Free Base Stations.
"With the cost advantages provided by the AirNet backhaul free solution we've been able to build out our system more rapidly than otherwise possible," said Michael Green, president and CEO of Carolina Phone. "In addition, AirNet's broadband, software-defined technology has us well-positioned for the future when our customers begin to demand high-speed wireless Internet services. We were looking for a partner we could work with in the long term and we've found that with AirNet."
"Carolina Phone's forward-looking strategy shows that wireless service providers can prepare now for the transition to high-speed wireless data," said Lee Hamilton, president and CEO of AirNet. "Deploying AirNet's broadband, software-defined base stations allows operators to evolve to the wireless internet through simple software upgrades."
"Carolina Phone's continuing confidence in AirNet equipment and services underscores our commitment to total customer satisfaction," said Glenn Ehley, AirNet's senior vice president of Worldwide Sales and Marketing. "We're committed not only to providing the best solution for today's wireless voice subscribers, but also to providing a reliable and cost-effective evolution path to tomorrow's high-speed data and Internet services."
AirNet Communications Corporation's award winning wireless base station products, based on over 60 patents either issued or filed, provide a cost effective, future proof solution for wireless operators as they deploy and expand their networks. AirNet's patented broadband, software-defined AdaptaCell base station provides a high capacity base station with a software upgrade path to the wireless Internet allowing for cost effective coverage.
The AdaptaCell's patented technology means no more time consuming and expensive hardware upgrades - the wireless Internet is only a software upgrade away. And, with software control, AirNet lets service providers support multiple protocols simultaneously avoiding costly overlays. The AirSite's award winning architecture eliminates the need for a physical backhaul link, thus reducing operating costs. AirNet won the prestigious "GSM World Award" for technical innovation for AdaptaCell's evolution to the wireless Internet, and for AirSite's revolutionary wireless backhaul capability. AirNet is a wireless base station technology leader and is ready to move to the wireless Internet. AirNet can be contacted in the US at 321-984-1990 or visit us at www.airnetcom.com
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The statements contained in this press release that are not historical information are forward-looking statements that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the transition and evolution to high-speed data and wireless Internet services, future sales to customers and customer deployment plans. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, our historical and future losses, our limited operating history, and fluctuations in our quarterly revenues and operating results. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1999.
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