Airspan Networks Granted FCC Certification for 5.4 GHz WiMAX

BOCA RATON, FL--(Marketwire - July 29, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of WiMAX broadband wireless access networks, today announced that it had received the first formal FCC certification for WiMAX equipment for 5.4 GHz.

Included in this certification are Airspan's MicroMAX™ Base Station as well as the ProST and EasyST Subscriber Terminals. The solution can be integrated with VoIP and WiFi extensions and incorporates Airspan's proprietary interference mitigating software to ensure optimized and uninterrupted performance. Airspan has deployed 5.4 GHz WiMAX internationally for some time, but this certification makes it the first such WiMAX product in the US. Affordable and field-proven, MicroMAX provides broadband service with easy deployment and quick return on investment.

"Airspan is aggressively pursuing a leading role in the US WiMAX market. The most comprehensive range of compelling products, paired with key strategic partnerships, has resulted in an impressive series of account wins in the US this year," commented Declan Byrne, Airspan's Chief Marketing Officer. "This new FCC certification provides another vehicle to help Airspan continue our course and drive additional revenues from this growing market."

Airspan continues to expand its portfolio for US licensed and unlicensed spectrum bands, offering the broadest frequency range and most robust solutions to provide customers with the flexibility to meet their diverse WiMAX deployment needs.

About Airspan Networks Inc.

Airspan is the industry's leading WiMAX pure player, ranked #1 for IEEE802.16-2004 WiMAX revenue in 2007 and has now been selected for some of the world's largest mobile WiMAX deployments. With direct sales offices throughout Asia, EMEA and the Americas, a worldwide network of resellers and agents, and partnership alliances with major OEMs, Airspan boasts over 100 commercial WiMAX deployments worldwide. www.airspan.com.

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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 Tel. +561 395 4581 Email: