June 11, 2003
AIRNET ANNOUNCES $3 MILLION IN ORDERS FROM TECORE
Momentum Is Building in the Middle East and Africa GSM Markets
Melbourne, FL, (June 11, 2003) - AirNet Communications Corporation
(NASDAQ: ANCC), the technology leader in software defined base station products for wireless communications, today announced that it has received approximately $3 Million in new orders from TECORE Wireless Systems for new deployments in the Middle East and Africa (MEA) region. These orders are for GSM AdaptaCell® base station equipment and related services.
"Our focus has been on deploying TECORE/AirNet systems in the exploding GSM MEA market. Our MEA headquarters in Dubai is scoring major successes in winning new network deployments throughout the region," said Jay Salkini, president and CEO of TECORE Wireless Systems. "AirNet's comprehensive portfolio enables us to address everything from capacity congested urban centers to rural markets. We are aggressively marketing AirNet's GSM solutions to numerous operators in the region and I am quite confident that the best is yet to come."
"We're now focused on building critical mass and getting new customers on board," said Glenn Ehley, president and CEO of AirNet Communications Corporation. "These new orders demonstrate the benefits of AirNet's digital architecture, and why our AdaptaCell base station is the most successful broadband, software-defined GSM base station in the world."
TECORE Wireless Systems supplies turn-key wireless mobility networks for regional and country-wide deployments and solutions for migrating existing networks to advanced digital wireless technologies while expanding coverage and capacity. The company's turn-key solutions include its AirCore® Mobile Switching System at the core of the network in conjunction with GSM/GPRS, CDMA and TDMA base station solutions to deliver fully-integrated feature-rich services. With over twenty-five network deployments worldwide, TECORE has also achieved certification to the prestigious ISO 9001:2000 Quality Standard. Named one of the "20 Firms for the Next Generation", TECORE is a global leader in converging wireless and IP networks and wireless enterprise systems solutions. 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 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. The Company's Digital 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. More information about AirNet may be obtained by calling 321.984.1990, or by visiting the AirNet Web site at www.airnetcom.com.
Stuart P. Dawley
Investment Relations Officer
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. Forwar- looking statements include statements regarding the 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 lengthy and variable sales cycle; intense competition, inability to develop or deliver timely new features; our reliance on a limited number of suppliers; and in the absence of additional capital or without sufficient new sales, we may not be able to continue to operate as a going concern, support changing wireless standards, and/or product errors, omissions and defects. 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, 2002.
AirNet®, AdaptaCell® and AirSite® are registered trademarks
with the U.S. Patent and Trademark Office. The stylized AirNet mark, SuperCapacity,
Backhaul Free, and We're Ready for Anything are
trademarks of AirNet Communications Corporation. Other names are registered
trademarks or trademarks of their respective holders.