Contact Information: For Investment and Media Inquiries, contact: Airspan Networks, Inc. David Brant Senior Vice President & Chief Financial Officer Airspan Networks, Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email:
Airspan Files Shelf Registration Statement on Form S-3
| Source: Airspan Networks, Inc.
BOCA RATON, FL--(Marketwire - June 12, 2007) - Airspan Networks, Inc. (NASDAQ : AIRN ), a
leading worldwide provider of WiMAX and Wi-Fi based broadband wireless
access networks, today announced that it has filed a shelf registration
statement on Form S-3 with the Securities and Exchange Commission to
register up to $50 million of Common Stock, Preferred Stock and Warrants or
any combination thereof. Any offering will be made at the time and on the
terms determined by market conditions at the time of sale. The Company
currently intends that the net proceeds of the sale of any of the
securities to be registered would be used for general corporate purposes.
This announcement is neither an offer to sell nor a solicitation of an
offer to buy any of these securities and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation
or sale is unlawful. Any offers, solicitation of offers to buy, or sales
of securities will only be made pursuant to the registration statement
filed with and declared effective by the SEC, including the prospectus and
related prospectus supplement.
The registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective.
These securities may not be sold nor may orders to buy be accepted prior to
the time the registration statement becomes effective.
About Airspan Networks, Inc.
Airspan Networks provides wireless voice and broadband data systems and
solutions for the fixed and mobile WiMAX and Wi-Fi markets, including Voice
Over IP (VoIP). Its wireless products serve operators around the world in
both licensed and unlicensed frequency bands between 700 MHz and 6 GHz.
Airspan has a strong wireless product roadmap that includes WiMAX Forum
Certified equipment and products meeting 802.11 a/b/g Wi-Fi standards,
Airspan's HiperMAX and MicroMAX base station products support portable and
mobile 802.16e-2005 WiMAX alongside fixed and nomadic 802.16-2004 products.
Airspan products also include "self install" and professionally installed
customer premise equipment. Airspan is on the Board and is a founder member
of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has
deployments in more than 100 countries with more than 400 operators, 100 of
which use Airspan's WiMAX Forum Certified and non-certified products.
Airspan's wireless systems are based on radio technology that delivers
excellent area coverage, high security and resistance to fading. These
systems can be deployed rapidly and cost effectively, providing an
attractive alternative to traditional wired communications networks.
Airspan also offers radio planning, network installation, integration,
training and support services to facilitate the deployment and operation of
its systems. Airspan is an international telecommunications equipment
provider headquartered in Boca Raton, Florida.
More information on Airspan can be found at http://www.airspan.com.
About the WiMAX Forum
The WiMAX Forum® is an industry-led, not-for-profit organization formed
to certify and promote the compatibility and interoperability of broadband
wireless products based upon the harmonized IEEE 802.16/ETSI HiperMAN
standard. A WiMAX Forum goal is to accelerate the introduction of these
systems into the marketplace. WiMAX Forum Certified™ products are
interoperable and support broadband fixed, portable, nomadic and mobile
services. Along these lines, the WiMAX Forum works closely with service
providers and regulators to ensure that WiMAX Forum Certified systems meet
customer and government requirements.
"WiMAX Forum" is a registered trademark of the WiMAX Forum. "WiMAX," the
WiMAX Forum logo, "WiMAX Forum Certified," and the WiMAX Forum Certified
logo are trademarks of the WiMAX Forum.
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than statements of
historical facts, including statements regarding our strategy, future
operations, financial position, future revenues, projected costs,
prospects, plans and objectives of management, may be deemed to be
forward-looking statements. The words "anticipates," "believes,"
"estimates," "expects," "intends," "may," "plans," "projects," "will,"
"would" and similar expressions or negative variations thereof are intended
to identify forward-looking statements, although not all forward-looking
statements contain these identifying words. We may not actually achieve
the plans, intentions or expectations disclosed in our forward-looking
statements and you should not place undue reliance on our forward-looking
statements. There are a number of important factors that could cause actual
results or events to differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements we make. Investors
and others are therefore cautioned that a variety of factors, including
certain risks, may affect our business and cause actual results to differ
materially from those set forth in the forward-looking statements. The
Company is subject to the risks and uncertainties described in its filings
with the Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended 31 December, 2006 and quarterly report on Form
10-Q for the period ended 2 April, 2007. You should read those factors as
being applicable to all related forward-looking statements wherever they
appear in this press release. We do not assume any obligation to update
any forward-looking statements.