Airspan 4G Network Chosen for Smart Grid in Austria

BOCA RATON, FL--(Marketwire - Oct 4, 2011) - Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today that it has been chosen by Salzburg AG Austria, with integrator partner Zehetner Elektronik, for a Smart Grid 4G deployment in Salzburg, Austria.

Using Airspan's 4G smart grid solution, Salzburg AG collects real-time data from remote controlled transformer stations enabling the utility to better monitor and forecast service requirements which results in limiting service disruptions and delays, increasing customer satisfaction and retention, and cutting expenses. In addition, the Company is leveraging the 4G equipment to offer broadband services such as Internet and future-planned VoIP (voice over IP) to residential and small business customers.

The network, operating in 3.4 GHz, is powered by Air4G, a leading-edge, all-outdoor, compact base station, which allows for secure, wireless communication and information exchange with low cost of ownership and quick deployment model.

The deployment is continuing to expand and already covers thousands of end-user sites.

"Salzburg AG is consistently updating technology in order to best serve our customer base. Airspan's smart grid solution enables us to incorporate the remote control of transformer stations and a smart metering system while we improve our business offering," commented Christian Kössler, Project Leader of Salzburg AG. "We are very pleased with Airspan's standardized infrastructure, which is delivering long-range and multi-megabit connectivity allowing us better control, planning, billing and real-time energy measurement."

"Utility companies, such as Salzburg AG, are expressing a strong interest in Airspan's Smart Grid solution," commented Henrik Smith-Petersen, President of Global Business Development for Airspan. "We offer a very flexible, affordable solution that fits diverse business models. Utilities have been working diligently to modernize and streamline their networks and Airspan provides an ideal solution that helps these companies improve general operations."

Airspan's Smart Grid solution suits electric, natural gas, oil, water and sewage companies. In addition to immediate information gathering, the 4G networks support applications such as AMI backhaul, distribution automation, demand response, SCADA, mobile and remote workforce connectivity and fleet management.

About Salzburg AG
Salzburg AG is Salzburg's main utility company and provides essential infrastructure for the entire region including energy, telecommunications, and transport as well as offering services such as Cable TV, Internet and telephony. With approx. 2,000 employees and 250,000 customers, the company is one of the largest and most innovative public utilities in Austria. Salzburg AG participates in cooperative agreements with many national and international partners and ensures its competitiveness through strategic investments. Long-term procurement contracts guarantee uninterrupted supply and service at fair prices. www.salzburg-ag.at

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.