Already Proven in International Deployments, 5.4 GHz Certification Adds Another Band to Airspan's Rapidly Growing Portfolio of Products for the US

Boca Raton, Florida, July 29, 2008 – Airspan Networks Inc. (Nasdaq: AIRN), a leading provider of WiMAX broadband wireless access networks, today announced that it had received the first formal FCC certification for WiMAX equipment for 5.4 GHz.

Included in this certification are Airspan's MicroMAXTM Base Station as well as the ProST and EasyST Subscriber Terminals. The solution can be integrated with VoIP and WiFi extensions and incorporates Airspan's proprietary interference mitigating software to ensure optimized and uninterrupted performance. Airspan’s has deployed 5.4 GHz WiMAX internationally for some time, but this certification makes it the first such WiMAX product in the US. Affordable and fieldproven, MicroMAX provides broadband service with easy deployment and quick return on investment.

"Airspan is aggressively pursuing a leading role in the US WiMAX market. The most comprehensive range of compelling products, paired with key strategic partnerships, has resulted in an impressive series of account wins in the US this year,” commented Declan Byrne, Airspan’s Chief Marketing Officer. “This new FCC certification provides another vehicle to help Airspan continue our course and drive additional revenues from this growing market.”

Airspan continues to expand its portfolio for US licensed and unlicensed spectrum bands, offering the broadest frequency range and most robust solutions to provide customers with the flexibility to meet their diverse WiMAX deployment needs.

About Airspan Networks Inc.
Airspan is the industry’s leading WiMAX pure player, ranked #1 for IEEE802.16-2004 WiMAX revenue in 2007 and has now been selected for some of the world’s largest mobile WiMAX deployments. With direct sales offices throughout Asia, EMEA and the Americas, a worldwide network of resellers and agents, and partnership alliances with major OEMs, Airspan boasts over 100 commercial WiMAX deployments worldwide. 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 forwardlooking 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. 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 December 31, 2007 and in the Company's 2008 Quarterly Reports on Form 10-Q. 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.

For Investor Relations and Media Inquiries, contact:
David Brant
Senior Vice President & Chief Financial Officer
Airspan Networks Inc.
Tel: +1 561 893-8650
Fax: +1 561 893-8681
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Charlotte Laurent-Ottomane
Investor Relations
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