CHICAGO, IL--(Marketwire - September 26, 2007) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks, today announced the availability of its Wave 2 MIMO Mobile WiMAX software, which will be used for its existing HiperMAX base station.

HiperMAX, with the new MIMO software, will begin undergoing validation trials with one of Airspan's major Mobile WiMAX customers in the fourth quarter of 2007 and is expected to be commercially available in the first half of 2008. The HiperMAX base station is designed to deliver class leading operational range and capacity and fully supports all MIMO modes of operation when used with a Wave 2 MIMO client device.

Paul Senior, Airspan's chief technical officer, said, "We are very pleased to announce this software-only upgrade to the HiperMAX platform. We believe that this product is the most flexible and forward looking in the industry. With HiperMAX already supporting an advanced version of Fixed WIMAX, this new upgrade allows our customers to seamlessly add Wave 2 MIMO Mobile WiMAX."

In addition, Airspan also announced the development of high power Dual Channel Radio Transceivers for the 2.5-2.69 GHz WiMAX frequency band. These new dual channel radios will operate at up to +40dBm and support channel bandwidths up to 20 MHz. These new transceivers will be available for trials in the second quarter of 2008 with mass commercial deployment expected in the third quarter of next year.

Paul Senior continued, "2.5-2.69 GHz is the WiMAX Forum's flagship certification profile that has mandatory support for MIMO. These new, high power, dual channel radios will support 5 and 10 MHz operations and in the future will also support 20 MHz profiles without any hardware change. This is another demonstration of Airspan's 'software only upgrade' philosophy that we believe minimizes a carrier's capital outlay and ongoing operational expense."

HiperMAX, running Wave 2 MIMO software, is being demonstrated at the WiMAX World USA show, held in Chicago from September 25 to 27th, 2007.

HiperMAX is only one product from Airspan's comprehensive WiMAX Portfolio, and complements its optimized Fixed and Mobile WiMAX MicroMAX and MacroMAX base stations, and the broad range of advanced client devices, the EasyST, ProST and MiMAX USB.

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.

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 December 31, 2006 and Form 10-Q for the second quarter ended July 1, 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.

Contact Information: For Investor Relations and Media Inquiries, contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email: