Company Profile: Airspan Networks, Inc. (AIRN)

Airspan Networks Inc. is a global supplier of broadband Fixed Wireless Access ("FWA") equipment that enables communications service providers (often referred to as "local exchange carriers," or simply telephone companies), internet service providers and other corporate users of fixed-wireless local access networks to cost effectively deliver integrated high-speed data and voice services using radio frequencies rather than traditional wireline methods. AIRN calls this transmission method "Wireless DSL". The market for the systems is a subset of the fixed wireless systems market. Their AS4000 systems are based on a digital wireless technique known as Direct Sequence - Code Division Multiple Access, or DS-CDMA, which provides wide area coverage, security, and resistance to fading. The systems can be deployed rapidly and cost effectively, providing an attractive alternative or complement to traditional copper wire, cable, or fiber-optic communications access networks. Their products also include software tools that optimize geographic coverage of our systems and provide ongoing network management. To facilitate the deployment and operation of AIRN systems, AIRN also offers network installation, training and support services. During 1996, the Company began shipping products -- these were among the first fixed point-to-multipoint wireless systems to be commercially deployed. More than 100 network operators in approximately 50 countries have deployed the AIRN systems.