BOCA RATON, FL--(Marketwire - January 17, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX broadband wireless access networks, announced today that Le-Ru Telecom of Missouri, has chosen Airspan to supply HiperMAX base stations and related CPEs in the 3.65 GHz band in the U.S. Airspan will supply its WiMAX equipment through its U.S. channel partner, Stutler Technologies. This announcement follows the recent FCC approval for Airspan's HiperMAX base station in the 3.65GHz band in the United States, the first MIMO-enabled WiMAX solution to receive such certification.

Le-Ru Telecom offers telephone services and various Internet-related services as well as Digital Video Service in the rural Missouri region. Le-Ru Telecom will use Airspan's 3.65GHz WiMAX solution to provide these services to its wireless customer base.

"Le-Ru Telecom has been a long standing and valued customer for Airspan and we are pleased to work with them as they migrate their network to 3.65 GHz WiMAX," said Amit Ancikovsky, Airspan's Vice President & General Manager, Americas. "This initiative underscores the momentum we are beginning to see with existing, new and potential customers as they look closely at our 3.65GHz products."

The 3.65GHz solution adds to Airspan's product lines for the U.S., which already includes products that operate in the 700MHz through 5GHz frequency bands.

About Stutler Technologies

Stutler Technologies is one of the nation's largest System Integrators for major wireless equipment manufacturers and specializes in complete RF, telephony, networking and tower services as well as continued education and support of our customer's networks. Stutler Technologies specifically caters to the needs and issues of The Rural Telephone Community and actively works with both licensed and unlicensed fixed wireless deployments in 39 states.

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

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 in the Company's 2007 Quarterly Reports on Form 10-Q. 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: Charlotte Laurent-Ottomane Investor Relations Email: Tel. +561 395 4581