Airspan Networks Expands Middle East Activities With New Regional Office in Dubai

DUBAI, UNITED ARAB EMIRATES--(Marketwire - Oct 9, 2011) - Gitex Technology Week -- Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today that it has opened a Dubai based office and will be participating in the local Gitex Technology exhibition this week.

Headed by Steve Brierley, the Vice President of Sales for Middle East and North Africa, the new office is located in the heart of Dubai, making it easily accessible to customers across the region.

The Dubai launch underlines Airspan's strategy for Middle East expansion and reinforces several objectives including:

• Bringing the company closer to customers and enabling better customer service
  
  
• Deepening the understanding of the market and how Airspan solutions best serve the region's connectivity needs
  
  
• Better explore new opportunities in the region
  
  
• Increase Middle East market penetration

Henrik Smith-Petersen, President of Business Development, commented, "Our new location underpins our commitment to better serve regional customers. The Gulf region is full of opportunity for growth in areas where communications infrastructure is lacking or under-developed. There is also growth potential in the oil and gas industry and other vertical markets such as smart grids and transportation. We have a unique and compelling 4G infrastructure offering that suits the area and can help deliver new-age 4G connectivity throughout the Middle East."

The first undertaking of the new office is the participating at the upcoming Gitex Technology Week show which takes place this week from October 9-13, 2011 in the Dubai International Convention Centre, where Airspan will be highlighting its newest product portfolio. Airspan will exhibit in the Gulfcomms section of the expo at booth number Z-02.

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. The new Dubai subsidiary, Airspan Networks ME FZ-LLC, is positioned to better serve Middle East customers and help deliver 4G connectivity across the region. 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.