Airspan Enters Into OEM Agreement With Gilat Satellite Networks

Boca Raton, FL - Airspan Networks Inc., a leading worldwide provider of WiMAX broadband wireless access networks, announced recently that it has entered into an OEM purchase and global marketing agreement with Gilat Satellite Networks Ltd. According to the terms of the agreement, Gilat will resell Airspan's WiMAX products worldwide, on a non-exclusive basis.

Gilat Satellite Networks Ltd. is a leading provider of products and services for satellite-based communications networks. Broadening its product offering to include WiMAX-based solutions, Gilat will distribute Airspan's WiMAX solutions globally to its large base of existing customers as well as new customers, leveraging its core competencies including strong global sales, turnkey project delivery and local support capabilities. The new agreement will enable Gilat's customers to address their broadband wireless access and satellite communications needs through a well integrated 'one-stop-shop' solutions provider.

"We are excited to enter into this partnership with Gilat, who has a global reach into the world's high growth markets and which will allow us to further expand our distribution channels. It's a win-win situation for both companies and highlights the synergies to be realized between shared customers and similar types of applications. Airspan continues to gain momentum and recognition as a leader in WiMAX in a very competitive market environment," commented Eric Stonestrom, Airspan's President and CEO.

SOURCE: Airspan Networks Inc.