Airvana, Inc. (NASDAQ: AIRV), a leading provider of mobile broadband infrastructure products, today announced the amendment of its existing CDMA contract with Nortel to include the development and delivery of new EV-DO infrastructure products and software upgrades that Airvana expects will be delivered in 2008 and beyond. Since signing their original agreement in 2001, Airvana and Nortel have worked to develop products that meet the evolving demand for mobile broadband infrastructure solutions. Financial terms of the contract were not disclosed.
As part of the agreement, Airvana’s innovative EV-DO mobile broadband products will be included in upgrades to Nortel’s existing CDMA network deployments, and in new deployments for capacity expansion. They will provide operators with enhanced performance and reliability as well as the ability to offer subscribers the next generation of wireless multimedia services including push-to-talk, VoIP, music download, video streaming, and others. To date, Airvana has sold over 30,000 channel card licenses to Nortel for use by over 30 operators worldwide.
“Nortel’s decision to deploy future versions of our products is evidence of the strength of the relationship between our companies” said Randy Battat, President and CEO of Airvana. “We look forward to continuing to develop great technology and products for Nortel in the years ahead as the EV-DO mobile broadband market continues to grow.”
About Airvana
Airvana is a leading provider of network infrastructure products used by wireless operators to provide mobile broadband services. Airvana’s software and hardware products enable wireless networks to deliver broadband-quality multimedia services to mobile phones, laptop computers and other mobile devices. These services include Internet access, e-mail, music downloads, video, IP-TV, gaming, push-to-talk and voice-over-IP. Airvana’s solutions enable new services and deliver carrier-grade mobility, scalability and reliability with relatively low operating and capital costs. Worldwide, Airvana’s mobile broadband systems are deployed on six continents in 16 major networks by industry-leading service providers who demand high standards of carrier-class performance. Airvana is headquartered in Chelmsford, Massachusetts, USA. http://www.airvana.com/
Safe Harbor Statement
Any statements in this press release about future expectations, plans and prospects for Airvana, including without limitation statements about future software deliveries constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements typically contain the words "believes," "anticipates," "plans," "expects," "will", “continue” and similar expressions. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including without limitation the highly competitive and rapidly evolving market in which Airvana competes, Airvana’s limited operating history, the fluctuation of its past operating results and its reliance on sales through Nortel for a significant portion of its revenues and product and service billings and other factors discussed in Airvana’s Quarterly Report on Form 10-Q dated August 31, 2007, which is filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent Airvana’s views as of the date of this press release. Airvana anticipates that subsequent events and developments may cause its views to change. While Airvana may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Airvana’s views as of any date subsequent to the date of this press release.
Investor Contact
David Reichman
Sharon Merrill Associates
(617) 542-5300
airv@investorrelations.com