AirNet Announces $1M
in New Orders from TECORE Wireless Systems --
Melbourne, FL, January 14, 2002 - AirNet® Communications Corporation (NASDAQ: ANCC), the technology leader in software defined base station products for wireless communications, today announced that TECORE Wireless Systems, a wireless communications and global systems integration company, has purchased and taken delivery of approximately $1.0M of additional AirNet products which include the AdaptaCell™ base station and related wireless communications equipment.
"AirNet's broadband, software defined base stations have proven to be extremely reliable and can be quickly deployed in rugged environments." said Jay Sakini, President and CEO of TECORE.
"We are delighted the TECORE has come back to AirNet with these expansion orders. Not only is TECORE receiving the benefits associated with our SDR and broadband technologies, our products also provide them with the most cost effective GSM solution available in the market," said Glenn Ehley, President and CEO of AirNet.
TECORE® is the world's most innovative developer of scalable high performance software-defined switching solutions of scalable high performance software-defined switching solutions for smaller wireless markets. The company's AirCore® system supports the mobile switching center (MSC), visitor location register (VLR), home location register (HLR), authentication center (AuC) functionality and incorporates prepaid services and tandem switching capabilities in a single, extremely compact unit. The AirCore system is also the only switching solution offering simultaneous MSC functionality and cross-roaming between GSM, TDMA, and CDMA networks. Named one of the "20 Firms for the Next Generation," TECORE, Columbia, MD. is a global leader in converging wireless and IP networks and wireless enterprise systems solutions. TECORE's wireless switching solutions support GSM, CDMA, TDMA, GPRS, IP and next-generation technologies. For more information, please visit the TECORE website at www.tecore.com.
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 wireless Internet 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 the wireless Internet. 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 69 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 www.airnetcom.com.
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, our limited customer base may cause cash flow issues, competitive pressures may reduce gross margins, we may not be able to support developing wireless standards and protocols, we may not be able to develop new products and features, and credit risks from financed customers may hurt our results or require us to raise additional capital. 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, 2000.
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 Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations.
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