Airspan Networks Announces Russian Market-Geared 5 GHz Product Release

BOCA RATON, FL--(Marketwire - Oct 26, 2011) - Airspan Networks Inc., a leading provider of broadband wireless access networks, today announced the introduction of a 5 GHz release of the flagship Air4G base station. This new product is especially suitable for the 5-6 GHz band in the Russian Federation.

Air4G in 5.15-6.45 GHz extends Airspan's regional offering which previously consisted primarily of 802.16d fixed WiMAX equipment. Airspan customers will now benefit from a comprehensive solution for building cutting edge 4G networks in areas traditionally dominated by dated pre-WiMAX equipment.

Air4G is a high-powered, macro cell 4G base station that offers a very high level of functionality such as advanced Quality of Service (QoS), highest range and capacity, and sophisticated antenna technologies such as adaptive MIMO for improved link budget. The uniqueness of Air4G is in the ability to integrate both 4G 802.16e WiMAX and 4G TD-LTE. The new Air4G product operates in the full 5.15-6.45 GHz spectrum.

"Airspan Networks is committed to the success of the Russian wireless market," commented Amit Ancikovsky, President of Products and Sales for Airspan. "This new addition to our Air4G line of products builds on our existing market presence and focuses on helping operators to develop advanced 4G networks that enable them to be competitive as well as help wider population access to wireless broadband data and voice services in areas with limited wire-line penetration ability. Air4G in 5 GHz is ideal for the Russian market as the band is more readily available to operators than traditional 2 GHz and 3 GHz bands."

In addition to the Air4G for 5 GHz band, Airspan has a wide variety of 4G products that operate in the 700 MHz up to the 6 GHz frequency bands.

About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands. www.airspan.com

Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. This press release contains forward-looking statements. 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. We do not assume any obligation to update any forward-looking statements.