Wednesday, August 23, 2006

Airspan Networks Revenue Up 124%

Airspan shipped WiMAX products to over 30 customers in the second quarter. WiMAX revenues in the first half of 2006 were more than 38% of the Company's total revenues year-to-date.

$16.8 million of sales to Yozan were recorded in the quarter, including $5.7 million deferred from the end of the first quarter.

The compact MicroMAX-SOC was shipped for the first time in the quarter and orders for more than 300 MicroMAX-SOC base stations were received. Revenue for this product in the quarter was not material, but is expected to grow rapidly in the second half of the year.