Airnet Communications (NASDAQ:ANCC)
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AirNet Communications Corporation (Nasdaq:ANCC), the
technology leader in software defined base station products for
wireless communications, today announced that it has signed a
subcontract with an existing, undisclosed OEM reseller in the amount
of approximately $1M for RapidCell(TM) base station equipment
including "Push-to-Talk Over Cellular" (PoC) capability, related
common equipment and handsets. The network will provide the Government
end user with a secure wireless communications system, with both voice
and high-speed data capability, to support homeland defense
applications.
"We continue to execute on our strategy of developing OEM channels
for the sale of RapidCell base stations to the Government
communications market," said Glenn Ehley, President and Chief
Executive Officer for AirNet Communications. "Each of our OEM
resellers integrates our RapidCell base station into their own product
offering, creating a customized wireless communications solution
tailored to address the specific needs of their end users."
In addition to PoC capability, the RapidCell base station will
include AirNet's iBSS(TM) technology. With iBSS technology, an end
user can directly connect the RapidCell base station to a mobile
switching center (MSC) via Internet Protocol over the well established
"A" interface thereby eliminating costly network elements and reducing
overall product footprint.
"Our objective is to provide a programmable, easily reconfigurable
and flexible communications system," said Terry Williams, Vice
President and Chief Technical Officer for AirNet Communications. "The
RapidCell base station satisfies a critical need in the Government
communications community for a programmable radio allowing for ease of
upgrades, interoperability and fast deployment when and where needed."
About AirNet
AirNet Communications Corporation is a leader in wireless base
stations and other telecommunications equipment that allow service
operators to cost-effectively and simultaneously offer high-speed
wireless data and voice services to mobile subscribers. AirNet's
patented broadband, software-defined AdaptaCell(R) SuperCapacity(TM)
adaptive array base station solution provides a high-capacity base
station with a software upgrade path to high-speed data, utilizing
ArrayComm, Inc.'s IntelliCell(TM) adaptive array algorithms. The
Company's RapidCell(TM) base station provides government
communications users with up to 96 voice and data channels in a
compact, rapidly deployable design capable of processing multiple GSM
protocols simultaneously. The Company's AirSite(R) Backhaul Free(TM)
base station carries wireless voice and data signals back to the
wireline network, eliminating the need for a physical backhaul link,
thus reducing operating costs. AirNet has 69 patents issued or filed
and has received the coveted World Award for Best Technical Innovation
from the GSM Association, representing over 400 operators around the
world. More information about AirNet may be obtained by visiting the
AirNet Web site at http://www.airnetcom.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
Certain statements in this news release may constitute
forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995 (the Reform Act),
Section 27A of the United States Securities Act of 1933 and Section
21E of the United States Securities and Exchange Act of 1934. These
forward-looking statements may relate to anticipated financial
performance, management's plans and objectives for future operations,
business prospects, market conditions, financial forecasts and other
matters. All statements contained in this news release that do not
relate to matters of historical fact should be considered
forward-looking statements, and are generally identified by words such
as "anticipate," "believe," "hope," "estimate," "expect," "intend,"
"plan" and "objective" and other similar expressions. Readers should
not place undue reliance on the forward-looking statements contained
in this news release. Such statements are based on management's
beliefs and assumptions and on information currently available to
management and are subject to risks, uncertainties and changes in
condition, significance, value and effect. Such risks include the risk
that the market may not accept AirNet products, our lengthy and
variable sales cycles could cause operating difficulties and cash flow
issues, and intense competition may prevent us from ever achieving
profitability. If we are unable to raise sufficient new additional
capital or to generate sufficient new sales, we may not be able to
support changing protocols and standards, or continue to operate as a
going concern. These and other risks are detailed in reports and
documents filed by AirNet to the United States Securities and Exchange
Commission. Such risks, uncertainties and changes in condition,
significance, value and effect, many of which are beyond AirNet's
control, could cause AirNet's actual results and other future events
to differ materially from those anticipated. AirNet does not, however,
assume any obligation to update these forward-looking statements to
reflect actual results, changes in assumptions or changes in other
factors affecting such forward-looking statements.
The stylized AirNet mark(R), AirNet(R), AdaptaCell(R), and
AirSite(R) are registered trademarks with the U.S. Patent and
Trademark Office. Super Capacity(TM), RapidCell(TM), iBSS(TM) and
Backhaul Free(TM), are trademarks of AirNet Communications
Corporation. Other names are registered trademarks or trademarks of
their respective companies or organizations.