Melbourne, FL, May 9, 2001 - AirNet Communications Corporation (NASDAQ: ANCC), the technology leader in base station products for wireless communications, has been awarded a follow-on order by TMP Corporation for additional base station equipment. The $1 million order is the second phase of a contract announced in March 2001.
The new AirNet equipment will allow TMP to expand its Global System for Mobile Communication (GSM) network to Jacksonville, Illinois, and the surrounding area. The AirNet® gear will include additional broadband, software-defined AdaptaCell base stations, which will provide coverage within the urban areas; and the company’s AirSite® Backhaul Free base stations, designed to eliminate the need for expensive T1/E1 services in lower density regions.
"AirNet has proven that its base station solution can deliver the high-quality voice and high-speed data services that TMP customers expect and deserve," said Walt Rowland, president of TMP. "With the continued expansion of our network, it was important for us to continue down the path toward higher-speed services and wireless Internet applications. We felt the best way to do this was with AirNet’s high-capacity and cost-effective base station solution."
The first phase of the contract announced in March was valued at $2 million, with total follow-on expansion orders expected to bring the contract total to $7 million.
"AirNet’s software-defined approach continues to win in the marketplace," said Lee Hamilton, president and CEO, AirNet Communications. "We are pleased to extend our relationship with TMP, and look forward to the rapid build-out of their network for not only voice services, but for high-speed data and wireless Internet services as well."
The AirNet base station is a broadband, software-defined solution that allows wireless operators to easily migrate to GPRS or EDGE on their existing AirNet base stations by simply upgrading software. The upgrade can be performed remotely from a network control center, dramatically reducing the cost and time of deploying the solution to every cell site.
“AirNet has clearly demonstrated that its software-defined base station solution is the right choice in today’s competitive market,” said Glenn Ehley, senior vice president of worldwide sales and marketing at AirNet. “TMP is building out its network with the most flexible, cost-effective solution, and this follow-on order signifies their commitment to migrate to a higher-speed, next-generation wireless network.”
About TMP Corporation
TMP Corporation, owned by Adams Telcom - a wholly owned subsidiary of Adams Telephone Cooperative and Illinois Signal Communications, Inc., provides service in a 6,000-plus square mile area that includes large portions of Illinois, Missouri and Iowa. Adams is the local telephone cooperative serving portions of six counties and provides telephone, CATV, wireless television, long-distance, calling card services and Internet service for the area. Illinois Signal is a regional paging company and RF communications firm that provides paging services to Illinois, Missouri, and southeast Iowa.
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 71 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.
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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 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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