AirNet Communications Receives $1M in New Government Communications Orders
January 04 2006 - 7:51AM
Business Wire
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.
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