AirNet Announces $2.9 Million in New Orders From Community Telephone Company and Santa Rosa Telephone Cooperative
MELBOURNE, Fla.--AirNet Communications Corporation (NASDAQ: ANCC) today announced new orders of $2.9 million in base station equipment slated for deployment in northern Texas, including the Wichita Falls area.
The orders come from Community Telephone Company and Santa Rosa Telephone, two of the four independent telephone companies that formed a consortium operating as Choice Wireless, and will allow these telcos to dramatically expand the areas in which they provide bundled local telephone and wireless services to their customers.
The new orders were placed under terms of a previously announced contract signed with Choice Wireless last year. AirNet is currently deploying equipment in several northern Texas and Oklahoma cities under the first phase of this contract. 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.
"AirNet gives us the ability to expand our coverage area quickly and cost-effectively," said Dennis Raines, general manager of Santa Rosa Telephone. "The backhaul-free architecture lets us deploy each AirSite without worrying about the cost of an additional T1 line. Not only is the cost-savings great, but it also increases the speed with which we can add coverage to our network and provide services to communities that would otherwise have to wait much longer for service."
"Now we can provide our customers with a full range of top-quality telecommunications services," said Tim Humpert, vice president and manager of Community Telephone. "By bundling services the same way as the larger ILECs (Independent Local Exchange Carriers) we are able to expand our business by offering customers a newer and better product that improves their lives through better communication."
"AirNet's customers are more convinced than ever of the value of our products underscoring the compelling value statement our equipment makes," said Lee Hamilton, president and CEO of AirNet. "Not only do we provide the best coverage solution with our backhaul-free base stations, but AirNet's broadband, software-defined Base Station provides a software upgrade path to the wireless Internet."
"AirNet's software-defined radio (SDR) technology is garnering considerable attention in the industry," said Glenn Ehley, senior vice president of worldwide sales and marketing for AirNet. "The FCC's recent inquiry into SDR describes some of the benefits of SDRs, but the bottom line is that customers are realizing just how much money they may save by 'future-proofing' their network with AirNet's broadband software-defined base stations."
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.
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 base station products won the prestigious GSM World Award for technical innovation for AdaptaCell's software upgrade to the wireless Internet and for AirSite's revolutionary wireless backhaul capability. AirNet is a wireless base station technology leader. 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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