Melbourne, Florida - AirNet Communications Corporation, the world award-winning provider of personal communications services (PCS) infrastructure, announced that Mr. Jerrold D. Adams has been unanimously voted chairman of the board and Dr. Lee Hamilton has been promoted to president effective immediately. In addition to their new duties, Mr. Adams will retain his current position as AirNet's chief executive officer and Dr. Hamilton will maintain his present role of chief operating officer. The appointments were announced today by AirNets board of directors.
Mr. Douglas Mullins, chairman of the board, will remain on the board and serve as chairman of the Finance Committee. "The AirNet management team and employees have done a superb job of bringing the revolutionary broadband AirNet product line to the commercial market," commented Mr. Mullins. "It is now time to recognize those accomplishments and prepare for the future, both at the board and operating levels." Other board members have expressed their appreciation to Mr. Mullins for his valued leadership as chairman for the past three years.
Mr. Adams has over 30 years of experience in telecommunications, covering wireline, cellular, PCS, and satellite. Prior to joining AirNet as president and chief executive officer in March, 1997, Adams was president and chief operating officer of Iridium, L.L.C.
Dr. Hamilton joined AirNet in July, 1996 as vice president of Engineering and Operations. Prior to AirNet, Hamilton was general manager of System Transmission Products at Motorolas Information Systems Group.
AirNet Communications Corporation, based in Melbourne, Florida, designs, manufactures, distributes and supports GSM-based (GSM 900, DCS-1800 and PCS-1900) wireless infrastructure solutions. AirNet offers a full spectrum 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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