Airspan Networks Inc. ("Airspan" or the "Company") is a global supplier of broadband wireless equipment supporting the Worldwide Interoperability for Microwave Access ("WiMAX") protocol standard, which provides a wide area telecommunication access network to connect end-users to telecom backbone networks. The WiMAX standard is established by the WiMAX Forum., a self-regulatory, industry standards-setting organization. While our main product focus is WiMAX, we utilize other supplemental technologies, including Wireless Fidelity ("Wi Fi") and Voice-over-Internet Protocol ("VoIP"), which allow communications network operators and service providers to deliver high-speed data and voice services cost-effectively using wireless communications rather than wired infrastructure.<br />Our WiMAX products enable high speed connectivity due to efficient transmission techniques. With product certification according to mobile WiMAX standards, our mobile applications can be made available directly to end-user devices such as laptops and personal digital assistants to deliver wireless connectivity - at home, in the office and on the move. Our primary target customers continue to be communications service providers and other network operators that deploy WiMAX networks in licensed and unlicensed (license-exempt) spectra worldwide. These customers include incumbent local exchange carriers (often referred to as "local exchange carriers", "ILECs", or simply telephone companies), Rural Local Exchange Carriers (?RLECs?), Internet service providers (often referred to as "ISPs"), Wireless Internet Service providers (often referred to as "WISPs"), Mobile Virtual Network Operators (often referred to as "MVNOs"), and Competitive Local Exchange Carriers ("CLECs"). We also serve a robust and growing market segment, including participants in the energy and utility, defense and public safety, and other government sectors. This newly-served non-carrier customer base represents a significant expansion of our traditional addressable market and is served by both our fixed and mobile WiMAX products. Our broadband wireless systems have been installed by more than 500 network operators in more than 100 countries.<br />Each of our wireless systems uses digital radio technologies, which provide wide-area or local-area coverage, robust security and resistance to fading. Our systems synchronize available bandwidth with the specific services being provided, thereby facilitating the most efficient use of radio equipment resources and spectrum. Our systems are designed as modular solutions enabling the expansion of existing deployments as technologies and customer needs evolve. We provide a wide range of subscriber devices that deliver voice and data connection, or a combination of both, eliminating the need for multiple access devices in customer premises.<br />Our network management systems provide diagnostic and management tools that allow our customers to monitor and optimize their installations. To facilitate the deployment and operation of our systems, we also offer network installation (generally through subcontractors), training, radio planning and support services.