Melbourne, Florida - AirNet Communications Corporation, the world award-winning provider of Global Systems for Mobile Communications (GSM) infrastructure products today announced that Dr. Lee Hamilton has been elected chief executive officer. In addition to his new duties, Dr. Hamilton will retain his current position as AirNet's president. The appointment was announced today by AirNet's board of directors.
"AirNet will continue to benefit immeasurably from Dr. Hamilton's skill and insightful leadership. Having established AirNet's cost-effective Global System for Mobile Communications (GSM) infrastructure product suite as a market leader in the U.S. domestic C-F Block, we are confident he can successfully guide the company to new heights," stated Joel Adams, president of Adams Capital Management and member of AirNet's board of directors. "Clearly, Dr. Hamilton's track record of success in growing global businesses in the technology sector will continue to provide a powerful advantage for AirNet, its customers, and its distributors."
Hamilton joined AirNet in July, 1996, as its vice president of Engineering and Operations. Subsequently he was promoted to the position of president and chief operating officer. Prior to his tenure at AirNet, Dr. Hamilton served as general manager of the System Transmission Products Division of Motorola's Information Systems Group.
AirNet Communications Corporation, based in Melbourne, Florida, designs, manufactures, distributes and supports GSM (GSM 900, GSM-1800, and GSM-1900) wireless infrastructure solutions. AirNet offers a full range of cost-effective systems designed to solve capacity and coverage issues faced by service providers operating in suburban and rural communities as well as along highway corridors. Winner of the 1998 GSM World Award for Best Technical Innovation.
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This press release contains forward-looking statements that reflect management's expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The Company's consolidated results and the forward-looking statements could be affected by many factors, including general economic conditions in the markets in which the Company operates; economic developments that have a particular adverse effect on one or more of the markets served by the Company; the ability to execute management's strategic plan; or the stability of key markets for communications products. Additional information concerning the factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements is contained from time to time in the Company's SEC filings. Copies of such filings may be obtained, when available, by contacting the Company or the SEC.
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