Airspan Reports, Expands

Airspan will report its detailed financial results for the fourth quarter ending December 31, 2005

March 8, 2006

3 Min Read

BOCA RATON, Fla. -- Airspan Networks Inc. (Nasdaq:AIRN), a leading worldwide provider of WiMAX-based broadband wireless access networks and carrier class Voice over Internet Protocols (VoIP) and Wi-Fi Hotzone systems, will report its detailed financial results for the fourth quarter ending December 31, 2005 after the 4 p.m. (EST) close of U.S. financial markets on Thursday, March 23. An investor conference call is scheduled for 5 p.m. (EST) on the same day.

Airspan’s year-end audit has taken longer than usual to complete, due primarily to a detailed analysis of inventory shortages uncovered in our Israeli operations during physical counts and related investigations.

Airspan today also announced, subject to the completion of the audit process, that its revenues for the fourth quarter were approximately $37.8 million, and accordingly that its 2005 revenues were approximately $110.9 million. Preliminary results indicate that the unaudited loss per share in the fourth quarter was approximately $(0.08).

Future guidance will be provided on the conference call. First half 2006 revenue is targeted to be approximately $65 million, based in part on the recent strong order intake from several major WiMAX customers. Revenue for the first quarter is expected to be approximately $26 million - $28 million.

The Company has scheduled an investor conference call for March 23rd at 5 p.m. EST. The dial-in numbers for the conference call will be as follows: US toll-free number is (866) 814-1918; international access dial-in number is 1-703-639-1362. Reference the Airspan Networks quarterly conference call.

For those who cannot listen to the live conference call, an audio replay of the call will be available for 30 days. The US toll-free number for the replay is (888) 266-2081; the international access number for the replay is 1-703-925-2533. Please use access code 871817.

In a separate release:

BOCA RATON, Fla. -- In 2005, Airspan Networks, Inc. (Nasdaq: AIRN) announced the signing of agreements with YOZAN Inc. (Jasdaq: 6830) to deploy a Tokyo-wide WiMAX network, valued at $16.7 million, to deliver high speed IP connectivity capable of a wide array of data service offerings. The companies today announced a further $26 million expansion to their contract, bringing its value to more than $42 million. Airspan expects to deliver between $5 million and $8 million of the total in the first quarter of 2006, with the balance by July.

Under the agreement, Airspan commenced deliveries of WiMAX equipment in the last quarter of 2005. Yozan was able to launch Japan’s first WiMAX-based service in Tokyo on December 25, 2005. In February 2006, Yozan announced that it would extend WiMAX coverage to the whole Tokyo area, and that it intended to cover all of Nagoya and Osaka with a WiMAX network by the end of June 2006. On February 15th, the company also announced that it had received a license to conduct WiMAX access trials in Okayama, to ascertain the feasibility of offering WiMAX access in remote areas where fibre-based services were not possible. The trials are expected to run until March 2007.

Mr. Sunao Takatori, President and CEO of Yozan, stated: “The mutual strengths fortified through our ongoing partnership with Airspan provide us with great strides towards deploying Japan’s largest wireless broadband network.”

Henrik Smith-Petersen, President of Asia Pacific, Airspan, commented: "We are very excited to see the success Yozan is having with its WiMAX Metropolitan Area Network roll-out in Tokyo and looking forward to expand this to several other major cities throughout Japan in the near future."

Airspan Networks Inc. (Nasdaq: AIRN)

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