Aether Systems Announces 2nd Quarter 2005 Earnings Release and Conference Call Information

Aether Systems (Nasdaq: AETH) will release its Q2 2005
results after market close on Wednesday, August 3, 2005.
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A conference call is scheduled for Thursday, August 4 at 8:30 a.m.
Eastern. To join the call, please use the following numbers: 

Dial-in numbers: [phone]. 
Ask for Confirmation Code 1649618.

A replay of the call will be available until August 24, 2005. The
recording will begin approximately one hour after the completion of
the call. 

Replay numbers: [phone] / [phone] 
Access code: 1649618
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   This call is being webcast by CCBN and can be accessed at Aether's
web site at www.aethersystems.com.

   The webcast is also being distributed over CCBN's Investor
Distribution Network to both institutional and individual investors.
Individual investors can listen to the call through CCBN's individual
investor center at www.companyboardroom.com or by visiting any of the
investor sites in CCBN's Individual Investor Network. Institutional
investors can access the call via CCBN's password-protected event
management site, StreetEvents (www.streetevents.com).

   About Aether Systems
   Aether Systems owns and manages a portfolio of mortgage-backed
securities and other short-term government agency investments. Our
principal business objective is to generate net income from the spread
between the interest income on these securities and the costs of
borrowing to finance their acquisition.