Deal valued at approximately $4 million to significantly improve services and consistently increase subscriber base
Alvarion Ltd. (NASDAQ: ALVR), the world's leading provider of 4G networks in the Broadband Wireless Access (BWA) market, today announced that WaveMax S.R.L. is deploying its 4Motion 4G wireless broadband solution to provide broadband services to the residents of the Marche region in Italy. The network operates in the licensed 3.5 GHz frequency and enables both residential and business users to benefit from instant access to high-speed wireless broadband services.
The Alvarion 4Motion solution deployment, which began earlier this year, has enabled WaveMax to significantly improve its business case. This is due to the high level of service that they can now offer at competitive prices. "As a growing player in a highly competitive market, service reliability and pricing are our top priorities. We also introduced an Alvarion 4Motion self-install CPE that enables customers to access our services immediately. This has enabled us to grow at a steady pace by offering good services that meet the needs of our local business and residential subscribers, at reduced costs," commented Giuseppe Colaiacovo, CEO of WaveMax Italy.
"We are excited to be working with WaveMax that is helping to move this region forward with affordable access to technology and online services," commented Eran Gorev, President and CEO of Alvarion. "Our comprehensive offering and vast experience in deploying rural broadband around the world have made this a strong market for Alvarion. In recent years, we have found that rural providers are greatly benefiting from the fact that 4Motion can also offer the flexibility they require to deploy a solution that will help them grow, as well as grow with them."
Alvarion's 4Motion solution is a field-proven, end-to-end solution that helps operators offer a variety of IP-based voice and high speed data services over a unified platform using 802.16e technology.
About WaveMax S.R.L. Italy
WaveMax is the next-generation mobile operator, a 4G Company. Simple, dynamic, flexible, ready to respond to changing customer needs. The range of services is complete, "class operator." WaveMax, among others, owns licenses for telecommunications services in WiMAX technology. For more information visit: www.gowimax.it
About Alvarion
Alvarion (NASDAQ:ALVR) is a global 4G communications leader with the industry's most extensive customer base, including hundreds of commercial 4G deployments. Alvarion's industry leading network solutions for broadband wireless technologies WiMAX, TD-LTE and WiFi, enable broadband applications for service providers and enterprises covering a variety of industries such as mobile broadband, residential and business broadband, utilities, municipalities and public safety agencies. Through an open network strategy, superior IP and OFDMA know-how, and ability to deploy large scale end-to-end turnkey networks, Alvarion is delivering the true 4G broadband experience today(www.alvarion.com).
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Alvarion's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: potential impact on our business of the current global recession, the inability of our customers to obtain credit to purchase our products as a result of global credit market conditions, the failure to fund projects under the U.S. broadband stimulus program, continued delays in 4G license allocation in certain countries; the failure of the products for the 4Gmarket to develop as anticipated;, Alvarion's inability to capture market share in the expected growth of the 4G market as anticipated, due to, among other things, competitive reasons or failure to execute in our sales, marketing or manufacturing objectives; the failure of the Alvarion's strategic initiatives to enable Alvarion to more effectively capitalize on market opportunities as anticipated;inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers and other risks detailed from time to time in the Company's 20-F Annual Report Risk Factors section as well as in other filings with the Securities and Exchange Commission.
Information set forth in this press release pertaining to third parties has not been independently verified by Alvarion and is based solely on publicly available information or on information provided to Alvarion by such third parties for inclusion in this press release. The web sites appearing in this press release are not and will not be included or incorporated by reference in any filing made by Alvarion with the Securities and Exchange Commission, which this press release will be a part of.
You may request Alvarion's future press releases by contacting Sivan Fafuri, Sivan.farfuri@alvarion.com or +972.3.767.4159. For more information visit the Investor section of the Alvarion website at http://www.alvarion.com/index.php/en/investors.
Alvarion®, its logo and certain names, product and service names referenced herein are either registered trademarks, trademarks, trade names or service marks of Alvarion Ltd. in certain jurisdictions.All other names are or may be the trademarks of their respective owners. "WiMAX Forum" is a registered trademark of the WiMAX Forum. "WiMAX," the WiMAX Forum logo, "WiMAX Forum Certified" and the WiMAX Forum Certified logo are trademarks of the WiMAX Forum.
Contacts:
Alvarion Ltd.
Investors:
Lior Shemesh,
+1-760-685-2007
CFO
lior.shemesh@alvarion.com
or
Claudia
Gatlin, +1-212-830-9080
claudia.gatlin@alvarion.com
or
Alvarion
Ltd.
Press:
In the U.S.:
John Conrad,
+1-703-390-1538
conrad@merrittgrp.com
or
In
the U.K.:
Bridget Fishleigh, 44-7946-342-903
bridget@nomadcomms.com
