Airspan Networks Inc (NASDAQ: AIRN) today announced that it has introduced an economical "get started" WiMAX system in the 3.5GHz and 5.8GHz frequency bands that will allow an operator or enterprise to deploy a base station and WiMAX customer premise devices for the best price offered by any vendor in the WiMAX industry. This system provides connectivity at up to 10 Mbps in a small, compact package, which can be delivered and installed within several weeks of order. Wi-Fi connectivity is also included in the system.

The company also announced that it has received orders for 802.16-compliant WiMAX products from more than 100 network operators since it announced general availability of its WiMAX product line in the third quarter of 2005. Airspan's WiMAX systems are now installed or on order in more than 60 countries. Most WiMAX customers are using licensed frequencies in the 3.5GHz or 4.9GHz bands. With today's announcements of the introduction of Airspan's new 5.8GHz WiMAX base station product and the new starter-package, the company expects to attract a much broader range of customers, including operators and businesses that do not have extensive licensed spectrum holdings.

Eric Stonestrom, Airspan's Chief Executive Officer, commented: "We are extremely pleased with the rapid adoption of our industry-leading WiMAX broadband products by operators globally. In a very short period of time, we have installed WiMAX networks in a wide range of geographies, frequencies and network topographies. Our WiMAX revenues in the first half of 2006 constituted more than 39% of the total market for WiMAX equipment reported by Sky Light Research in its most recent report on the state of the Broadband Wireless Industry. No other supplier can demonstrate the range of base stations that address networks from the very small to the very large and deliver the goal of true "Wave 2" Mobile WiMAX interoperability. Airspan is the only vendor to offer an architecture that has integrated Wi-Fi into the WiMAX portfolio, converging two leading wireless standards today. Our self-installable EasyST CPE device and Software Defined Radio have also become benchmarks for design and flexibility within the industry."

Airspan's newest WiMAX equipment is currently being demonstrated at the "WiMAX World 2006 USA" conference in Boston at booth 217.

About Airspan Networks Inc.

Airspan Networks provides fixed and mobile 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 700MHz and 6GHz, including both PCS and 3.5GHz international bands. Airspan has a strong wireless product roadmap that includes offerings compliant with the 802.11 a/b/g and the WiMAX 802.16-2004 standard, including software upgradeability to Mobile WiMAX (the 802.16e-2005 standard). Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments with more than 350 operators in more than 100 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 AS.TONE VoIP system is a carrier class, turnkey solution that provides carriers with Class 4, Class 5 and IP-Centrex solutions and has a Softswitch and Gateways supporting SIP/H323 and SIP. AS.Tone'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 "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) the potential loss of Axtel or Yozan as one of our largest customers; (vi) disruption to our operations in Israel, including the absence of employees due to required military service caused by political and military tensions in Israel and the Middle East; (vii) our potential inability to locate and secure additional sources of capital at the time and in the amount needed; and (viii) the risk that Yozan will materially delay or seek to cancel equipment orders. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended 31 December, 2005 and its Form 10-Q for the quarters ended April 2, 2006 and July 2, 2006. 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.