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Airspan Submits AS.MAX Equipment for Certification by the WiMAX Forum; Products To Be Commercially Available from Third Quarter 2005

August 5, 2005

BOCA RATON, Fla.--(BUSINESS WIRE)Press Release--Aug. 3, 2005--Airspan Networks Inc. (Nasdaq:AIRN), a leading worldwide provider of WiMAX based broadband wireless access networks and carrier class voice over internet protocol (VoIP) solutions, announced today that it has delivered WiMAX base station and customer premises equipment (CPE) to Cetecom, the WiMAX Forum Certification Laboratory, which opened earlier this month in Malaga in Spain for the interoperability testing of WiMAX products.

The Airspan products to be tested by Cetecom were announced in March this year, when the Company unveiled its AS.MAX portfolio of products. Specifically, the test products include the high-performance, carrier-class MacroMAX base station, which is based on the SDR (Software Defined Radio) technology from PicoChip, and the outdoor ProST and the indoor, self-installable EasyST, which are based on Intel's ProWireless 5116 silicon. Joe Yeung, Airspan's Vice President of Customer Services and Product Validation said: "The opening of Cetecom is a significant milestone for the WiMAX industry. Airspan's delivery of test products to the laboratory demonstrates our leadership position in the early development of 802.16-2004 based products. Our WiMAX base stations and CPEs, which have been shipped to a number of customers for early trials, have already successfully passed key tests that form the basis of the Cetecom certification process, and we therefore expect that our participation in the testing that starts this month will be a success."

Eric Stonestrom, President and Chief Executive Officer of Airspan commented: "Airspan will be in the first wave of certification for becoming WiMAX Forum Certified, and will be the pathfinder for WiMAX products that fully meet the 802.16-2004 specification. We started the first phase of private interoperability testing earlier this year, and we will continue to work towards full completion through the WiMAX certification lab." He added: "The certification of our products by the WiMAX Forum will be followed by a speedy deployment of Airspan products in key markets under our new OEM agreements with Ericsson, Fujitsu and Marconi, and through our direct sales efforts." More details on Airspan's class leading WiMAX products can be found at http://www.airspan.com.

About Airspan Networks Inc.: Airspan Networks provides fixed and wireless voice and data systems and solutions, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong wireless product roadmap that includes offerings compliant with the new WiMAX 802.16-2004 standard, and software upgradeability to 802.16e from the time the WiMAX products are introduced. Airspan is on the Board and a founder member of the WiMAX Forum. The Company has deployments with more than 300 operators in more than 95 countries. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan's new iTone VoIP system is a carrier class, turnkey solution that provides carriers with Class 4 and Class 5 solutions. iTone's design provides customers, carriers, next-generation telcos, cellular providers and ITSP with a wide range of solutions with the best price/performance system for IP telephony. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.

More information on Airspan can be found at http://www.airspan.com. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "targets," "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements.

These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; (v) a loss of any of our key customers; (vi) our ability to integrate iTone into our operations and to sell iTone products through our existing sales force; (vii) our ability to retain Axtel, Mexico, as our largest customer; (viii) our ability to continue to sell the Proximity products on terms and conditions comparable to those currently utilized; and (ix), specific to this announcement, our ability successfully to complete the WiMAX trials, and to produce and sell our WiMAX products in the future. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, as amended by Amendment No. 1 on Form 10-K/A, for the year ended 31 December, 2004. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.

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