KeyOn Communications and Airspan Networks Sign WiMAX Agreement
Pilot Project Announced for KeyOn's Pahrump, Nevada Market using Airspan's HiperMAX 3.65Ghz WiMAX Platform
OMAHA, Neb. & BOCA RATON, Fla.--(BUSINESS WIRE)--
KeyOn Communications Holdings, Inc. (OTC BB: KEYO), a leading provider of wireless broadband, satellite television and Voice over Internet Protocol (VoIP) services to rural and underserved markets, announced today its agreement with Airspan Networks, Inc. (NASDAQ: AIRN) to deploy advanced data services using Airspan's WiMAX solution for the 3.65 GHz spectrum band.
"Broadening our service offering and building on our core competencies, KeyOn is delighted to break new ground in advancing the potential for WiMAX deployment in this spectrum," said Sid Ganju, EVP of Corporate Development and Strategy for KeyOn Communications. "We believe that Airspan offers the industry's most complete and technologically advanced range of WiMAX products in the 3.65 GHz band, along with a comprehensive network management solution and capabilities to ensure voice quality. We are eager to confirm the viability of fixed and nomadic broadband wireless services using the WiMAX technology in one of our existing markets."
"As a leading global provider of WiMAX networks, we appreciate the opportunity to work with KeyOn Communications, the leading provider of fixed wireless broadband services to underserved and rural markets in the United States," commented Airspan's Vice President and General Manager of the Americas, Amit Ancikovsky. "We are excited about deploying WiMAX networks at 3.65 GHz in partnership with KeyOn and, in the process, help KeyOn's communities benefit from the promise and potential of advanced WiMAX broadband services."
Under the agreement, KeyOn will deploy Airspan's WiMAX solution to provide coverage to over 13,000 households in Pahrump, Nevada. After the successful completion of the project, KeyOn plans to commercially market the services to its customers, augmenting its product service that currently includes fixed wireless data, VoIP and satellite video services. KeyOn also intends to evaluate the Voice over Internet Protocol ("VoIP") services on the 3.65 GHz WiMAX platform to provide an integrated voice and data solution to its customers.
About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings Inc. (OTC BB: KEYO) is a leading provider of wireless broadband services to rural and underserved markets with populations generally less than 250,000. KeyOn offers its broadband services along with voice over Internet protocol (VoIP) and satellite video services to both residential and business subscribers across 11 Western and Midwestern states. Through a combination of organic growth and acquisitions, KeyOn has expanded its network footprint to reach approximately 50,000 square miles and cover nearly 2,500,000 people as well as small-to-medium businesses. With its successful track record of acquiring companies and growing its core subscriber base, KeyOn has established itself as one of the largest wireless broadband companies in the United States. Management intends to drive subscriber growth through additional asset acquisitions as well as organic growth across the company's expanding footprint by offering bundled services including broadband, video and VoIP and related valuable services such as the Bullseye Club. The company also intends to opportunistically build mobile and/or nomadic WiMAX networks in and around its market footprint. More information on KeyOn can be found at www.keyon.com.
About Airspan Networks Inc.
Airspan Networks provides wireless voice and broadband data systems and solutions for the fixed and mobile WiMAX and Wi-Fi markets, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz. Airspan has a strong wireless product roadmap that includes WiMAX Forum Certified equipment and products meeting 802.11 a/b/g Wi-Fi standards. Airspan's HiperMAX and MicroMAX base station products support portable and mobile 802.16e-2005 WiMAX alongside fixed and nomadic 802.16-2004 products. Airspan products also include "self install" and professionally installed customer premise equipment. Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments in more than 100 countries with more than 400 operators, 100 of which use Airspan's WiMAX Forum Certified and non-certified products. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is an international telecommunications equipment provider headquartered in Boca Raton, Florida. More information on Airspan can be found at http://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 forward-looking 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 2007 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.
Source: KeyOn Communications Holdings, Inc. and Airspan Networks, Inc.
Released March 26, 2008