Airnet Communications (NASDAQ:ANCC)
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From Jun 2019 to Jun 2024
AirNet Communications Corporation (NASDAQ:ANCC), the
technology leader in base station products for wireless
communications, today announced that it has received a new order for
maintenance and other related services totaling approximately $1M from
an undisclosed government customer.
"We are pleased by this customer's loyalty and confidence in
AirNet, our technology and services," said Glenn Ehley, President and
CEO for AirNet Communications Corporation. "This order affirms our
company's commitment to the Government Communications market."
Since 2003, this customer has purchased approximately $11M in
AirNet's products and services. This purchase is the fifth expansion
purchased from the inception of the initial contract.
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. 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
operate as a going concern. These and other risks are detailed in
reports and documents filed by AirNet with 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, AirNet, AdaptaCell and AirSite are
registered trademarks with the U.S. Patent and Trademark Office.
SuperCapacity(TM), RapidCell(TM) and Backhaul Free(TM) are trademarks
of AirNet Communications Corporation. Other names are registered
trademarks or trademarks of their respective companies or
organizations.