|By Marketwire .||
|September 19, 2012 02:30 AM EDT||
BOCA RATON, FL -- (Marketwire) -- 09/19/12 -- Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today that it has signed an OEM agreement with SEM4G Networks, a division of SEM Srl, an Italian based ICT technology solutions provider. Under the agreement, SEM4G will integrate Airspan LTE technology into its products and promote turnkey LTE solutions in several global markets.
SEM Srl, headquartered in Vimercate (Italy), with its SEM4G broadband wireless division, is a leading Italian developer and manufacturer of 4G systems.
"SEM4G has an aggressive time-to-market goal," commented Bobak Aghdasi, CTO of SEM4G. "In order to keep our competitive edge and continue to serve our customers with the same level of innovation that they have become accustomed to with our ICE3 WiMAX base station solution, we have decided to work with Airspan and integrate their high-level LTE solution into our product offering. This OEM agreement enables SEM4G to leverage product-ready, advanced Airspan technology, for a fast-track LTE offering for our customers. Airspan is always at the forefront of technology and they share our core values of outstanding customer service."
The agreement initially focusses on Airspan 5 GHz LTE technology which allows SEM4G's to serve its customers where the frequency band regulations have freed the 5 GHz band for 4G networks serving businesses and residents with high-speed, mobile broadband services
"SEM4G's wireless technology and SEM's significant manufacturing capability and heritage, have a strong reputation in the marketplace," commented Henrik Smith-Petersen, President of Global Business Development for Airspan. "SEM4G's product development and LTE integration progress is impressive, underlining a wealth of experience and in-house knowledge. The agreement enables Airspan to leverage SEM4G's customer base and market penetration in complementary geographies."
Airspan solutions are developed to serve a combination of carriers, operators and a variety of industrial applications including public safety, transportation and oil and gas. This perfectly complements SEM4G's efforts as they target similar customers and operate in the same arenas.
In addition to the 5.x frequency band, Airspan offers a variety of 4G solutions ranging between the 700 MHz band and the 6 GHz band.
About SEM Srl
SEM Srl, a Bartolini AMES subsidiary, was born in 2006 from Celestica Inc (Toronto), with the goal of focusing on services for the high technology electronic design and manufacturing market being a primary provider of innovation to their local customers. The company is part of the "Bartolini Progetti Group" and is located in Vimercate (Italy), together with the main controlling company BAMES (Bartolini After Market Electronic Services), offers a complete and unique portfolio of integrated technological and logistic services. SEM4G Networks is the SEM division providing 4G wireless solution for the TLC market. The personnel, highly skilled and with many years of experience, make the difference in the market where they play. This enables SEM to provide their customers with complete and best-in-class solutions. The Company is markedly characterized by design and engineering capabilities, flexibility, responsiveness and usage of state of the art IT tools. www.semtechnologies.it, www.sem4g.com
About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands. www.airspan.com.
Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. This press release contains forward-looking statements. 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 "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. We do not assume any obligation to update any forward-looking statements.
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Vice President of Marketing
Airspan Networks Inc.
Tel. +1 561.893.8687