MELBOURNE, FL, August 17, 2001-AirNet Communications Corporation (Nasdaq: ANCC), today announced that Glenn Ehley has been appointed as President and CEO. Mr. Ehley has over 19 years of wireless and telecommunications industry experience. He has been with the company for over six years, most recently as Senior Vice President. Previous to AirNet, Mr. Ehley spent 13 years at Siemens and Bell Laboratories in several key management roles in sales and marketing, engineering and product development.
AirNet also announced that Dr. Lee Hamilton has resigned his position as President and CEO with AirNet Communications to pursue other opportunities.
“Glenn has been instrumental in building our business over the last several years and is a perfect fit for this new role,” said James W. Brown, AirNet’s Chairman of the Board. “Glenn’s exceptionally strong business development skills, technical background and extensive management experience will be fully appreciated in AirNet’s future success.”
AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost-effectively and simultaneously offer high-speed wireless Internet and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell™ base station solution provides a high-capacity base station with a software upgrade path to the wireless Internet. The Company's AirSiteâ Backhaul Free™ base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs. AirNet has 73 patents issued or filed and has received the coveted World Award for Best Technical Innovation from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by calling 321.984.1990, or by visiting the AirNet Web site at www.airnetcom.com
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The statements contained in this press release that are not historical information are forward-looking statements that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the transition and evolution to high-speed data and wireless Internet services, future sales to customers and customer deployment plans. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, our historical and future losses, our limited operating history, and fluctuations in our quarterly revenues and operating results. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000.
AirNet® and AirSite® are registered trademarks with the U.S. Patent and Trademark Office. The stylized AirNet mark, AdaptaCell, Super Capacity, Backhaul Free, and We're Ready for Anything are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations.
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