ANCC Airnet Communications (MM)

AirNet Communications Corporation (NASDAQ:ANCC), the technology leader in software defined base station solutions for wireless communications, today announced it has received a purchase order for approximately US$5M in products and services from an undisclosed customer in the Asia-Pacific region. Under the terms of the 5 year supply contract, AirNet will deploy its AdaptaCell(R) 4000XE base stations, its award winning AirSite(R) Backhaul Free(TM) TripCap(TM) base stations, and related common equipment and services. The network will initially have approximately 40 cell sites, and is planned for deployment in phases throughout the remainder of 2005. The customer will also be deploying GPRS services which will enable its subscribers to access the latest in high-speed data services, including web browsing, sending images, and accessing email. "This order was awarded after an extensive review of AirNet's technology, products and capabilities," said Glenn Ehley, president and CEO of AirNet. "An order of this magnitude is a strong endorsement of our people, vision, and a testament to our technology and products. I am very pleased that our customer base is expanding. We hope to continue building on our focused marketing efforts." "This is proof positive that AirNet's customized product solutions are well positioned in the global market," said Timothy J. Mahar, Vice President of Sales for AirNet Communications. "The beauty of our SDR product architecture is that we offer a software migration path to EDGE and adaptive array processing. No other supplier can provide this ease of upgrade capability." Powered by AirNet's flexible broadband, SDR product architecture, the AdaptaCell 4000 XE is a compact, outdoor base station capable of pole mounting. In addition, the 4000 XE operates on either A/C power, in its minimal configuration, or DC power and supports SuperCapacity(TM) adaptive array technology and high-speed data. The Triple Capacity Digital AirSite Backhaul Free base station provides three times the capacity of the Digital AirSite base station. In addition, the digital "TripCap" is easy to install and has state-of-the-art operation and maintenance capabilities. About AirNet 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(TM) base station solution provides a high-capacity base station with a software upgrade path to the wireless Internet. The Company's AirSite(R) Backhaul Free(TM) 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 filed 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 visiting the AirNet Web site at www.airnetcom.com. Safe 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. Forward looking statements include statements regarding 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, that our sales revenue is concentrated around a few large customers, and in the absence of increased sales or investment capital, the Company may not be able to continue as a going concern. 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, 2004. The stylized AirNet(R) mark, AirNet(R), AdaptaCell(R), and AirSite(R) are registered trademarks with the U.S. Patent and Trademark Office. Super Capacity(TM), TripCap(TM), Backhaul Free(TM), IntelliBSS(TM), iBSS(TM) and RapidCell(TM) are trademarks of AirNet. Other names are registered trademarks or trademarks of their respective holders.