BOCA RATON, Fla.--(BUSINESS WIRE)--April 12, 2004--Airspan Networks, Inc. (Nasdaq:AIRN - News), a leading worldwide provider of broadband fixed wireless equipment, announced today that it has supplied Wireless IP equipment to the Portland Research and Education Network (PREN), a joint venture of Oregon Graduate Institute of Science and Technology, Oregon Health & Science University (OHSU), and Portland State University (PSU). The Local Loop (WipLL) equipment, which will operate in the 5.8 GHz band, is a stepping stone to the roll out of Airspan's Intel-based WiMAX radio equipment, which will be available early next year.

"We wanted to get operational today," said Nigel Ballard one of the PREN Multiple Radio Unit ("MRU") initiative founders and their wireless advisor. "We know WiMAX will provide us better throughput, range and capacity than current technologies, but we were simply too eager to commence both data and voice over IP (VoIP) traffic, so we asked Airspan to provide us with its robust WipLL equipment in the interim."

The objective of the system is to provide a scalable wireless network that will remain operational for up to twelve hours even if the power or wired Internet feed fails for any reason, be it terrorist or natural disaster. City of Portland departments are now testing the equipment to determine its suitability for replacing some very slow and costly copper circuits they have in use today.

Apart from the obvious educational benefits to PREN's constituents (including PSU and OHSU), of a deployment on the roof of the University, it is hoped the wireless model will be transplanted to third-world countries where PSU is currently working, to enable remote areas to obtain affordable and reliable Internet connectivity.

"We're very excited to be working with Airspan. They have the right technologies and the enthusiasm to go the extra mile for us," said Ballard, apologizing for the pun.

"At Airspan, we are pleased to work with partners like PREN in distributing voice and data services," said Dick Lee, General Manager and Regional Vice President of North America Sales. "The city of Portland and organizations like PREN have helped make wireless data connectivity more common. We hope that our work with PREN will continue to demonstrate the ease with which Airspan equipment is deployed and used."

Full details of the PREN MRU Wireless Network can be found online at: http://www.joejava.com/prenmrunetwork.htm.

About Airspan Networks

Airspan Networks provides wireless voice and data systems and solutions, including Voice Over IP, to both licensed and unlicensed operators around the world in frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan continues to evolve its products toward the proposed 802.16d IEEE standards, and is an active member of the WiMAX Forum. The Company has deployments with more than 160 operators in more than 60 countries. Airspan's systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. 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 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. These important factors include the factors that we identify in our filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2003. 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.

Contact:

     Airspan Networks Inc., Boca Raton
     Peter Aronstam, 561/893-8682, Fax 561/893-8671
     Email: paronstam@airspan.com