AIRNET ANNOUNCES $1M EXPANSION FROM SPROCKET PCS -
Largest Deployment of Digital "TripCaps" in North America
Melbourne, FL, November 19, 2002 - AirNet Communications Corporation (NASDAQ: ANCC), the technology leader in software defined base station products for wireless communications, today announced that it has received approximately $1M in expansion purchase orders for the deployment of AdaptaCell® broadband, software-defined base stations, several Triple Capacity Digital AirSite® Backhaul Free™ base stations and associated equipment. Sprocket PCS is the wireless service marketed by MBO Communications in Oklahoma. Most of this order is expected to ship later this year. The Company also announced that this expansion order with Sprocket marked a milestone as the largest deployment of the digital TripCap product since it was generally released for purchase.
The Triple Capacity Digital AirSite Backhaul Free base station provides three times the capacity of the Digital AirSite base station. In addition, the digital "TripCap" is lighter and easier to install than previous generations, and has improved operation and maintenance capabilities. The TripCap is available configured directly from the factory, or can be installed as a simple upgrade to the Digital AirSite allowing operators to deploy capacity where it is needed and when it is needed, providing operators the flexibility to optimally configure their networks.
"Our business has really grown since we became an AirNet customer back in 1998," said David Miller, President of MBO Wireless. "In order to succeed in today's market, entrepreneurial operators such as Sprocket need a competitive advantage to distinguish themselves from other service providers. AirNet's digital TripCap solution provides Sprocket with robust coverage in our markets while simultaneously reducing both our capital and operating expenses."
"Every time an existing customer comes back to the well to purchase their expansion requirements from AirNet, it truly gives me great pride to know that we have once again succeeded in obtaining our ultimate goal of customer satisfaction," said Glenn Ehley, president and CEO of AirNet.
AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost effectively and simultaneously offer high-speed data and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell base station solution provides a high capacity base station with a software upgrade path to high-speed data and the Super Capacity(TM) base station. The Company's AirSite Backhaul Free base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs. AirNet has 70 patents issued or pending and has received the coveted World Award for Best Technical Innovation from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by calling 321/984-1990, or by visiting the AirNet Web site at .
About Sprocket Wireless
Providing service in Stillwater, Muskogee and Tahlequah Oklahoma, Sprocket Wireless is the answer for getting rid of multiple phone bills, sign-your-life-away cellular contracts, and uncertain future plans. With unlimited local calls, Sprocket can be the primary local phone for its subscribers. With any of its low priced prepaid monthly plans, subscribers aren't tied down to any year-long contracts. And, Sprocket provides low priced long distance service. So instead of worrying about their life minute by minute, subscribers can enjoy it -- unlimited. For more information, please visit .
For More Information:
Stuart P. Dawley
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
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, inability to continue as a going concern and a potential bankruptcy filing without sufficient new sales and/or new capital, our limited customer base, including concentration of sales with one customer in particular, may cause cash flow issues, lack of liquidity and potential capital resources, the expectation of future losses and or negative cash flow, competitive pressures may reduce gross margins, ability to renew directors' and officers' liability insurance at affordable rates, retention and motivation of key personnel, difficulties in supporting developing wireless standards and protocols, difficulties in developing new products and features,. 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, 2001.
AirNet® and AirSite® are registered trademarks with the U.S. Patent and Trademark Office. The stylized AirNet mark, AdaptaCell, Super Capacity, Backhaul Free, and We're Ready for Anything are trademarks of AirNet.
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