Airspan and Yozan Announce Expansion of Japan's first WiMAX Network; Combined WiMAX and Wi-Fi Solution Will Deliver Self-Installable Voice, Video and Data Services

Business Wire, August 19, 2005

BOCA RATON, Fla. -- On March 11th, Airspan Networks, Inc. (Nasdaq:AIRN) announced the signing of an agreement with YOZAN Inc. (Jasdaq: 6830) to deploy a Tokyo-wide WiMAX network to deliver high speed IP connectivity that is capable of a wide array of data service offerings. Today, the companies are pleased to announce that the contract has been increased by approximately $5 million to enable Yozan to expand the intended size and coverage of the network.

As previously announced, Airspan will commence deliveries in the last quarter of 2005. With the expansion, the contract is now valued at $16.7 million.

The project uses Airspan's software-upgradeable radio technology in a product packaging called MicroMAX-SDR. Customers on the network will use a range of Airspan subscriber units, including Airspan's EasyST, a unique self-installable indoor WiMAX customer premises device. The EasyST provides WiMAX connectivity to the MicroMAX base station and Wi-Fi coverage inside the customer premises via its integrated Wi-Fi Access Point.

Henrik Smith-Petersen, President of Asia Pacific for Airspan Networks, said: "We are very pleased with Yozan's decision to expand the network. The companies have invested considerable resources in developing Airspan's products to meet local specifications, and the expansion is a testimonial to the success of this work. We are both looking forward to a very successful implementation, in one of the world's top five cities, of what will be the first major deployment of a WiMAX Metropolitan Area Network."

Mr. Sunao Takatori, President and CEO of Yozan, stated: "Yozan will be the first company to roll out Japan's largest high-speed wireless broadband network, beginning with a service launch in Tokyo in December 2005. We chose to work with Airspan Networks precisely because they are a leading provider of WiMAX equipment."

About Airspan Networks Inc.

Airspan Networks provides wireless voice and data systems and solutions, including Voice Over IP (VoIP), to 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 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 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

About Yozan Inc.

YOZAN Inc. is a venture company that owns and operates licensed-frequencies over PHS (1.9GHz) and pager (280MHz) networks. The company is focused to expand its telecommunications business by building a wireless IP network through the renovation of its PHS infrastructure and to offer IP-based mobile handset services throughout the Tokyo Metropolitan Area using WiMAX-based equipment. YOZAN is poised to stir new business opportunities in Japan and dedicated to contribute to the reinforcement of WiMAX as a global standard. Yozan is headquartered in Tokyo, Japan.

More information on Yozan can be found at http://www.yozan.co.jp

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