ASMAX Overview Product Strategy

Connecting The World
AS.MAX Overview & Product Strategy

Airspan Marketing and Product Management March 2006 v2.6
Contents
Airspan & WiMAX Fixed & Mobile WiMAX WiMAX Service Concepts AS.MAX Product Update AS.MAX Product Strategy AS.MAX Base Stations AS.MAX CPE Mobile WiMAX Strategy AS.MAX Summary
Commercial in Confidence: All Rights Reserved

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Contents

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Background: Airspan and WiMAX

Airspan is publicly committed to the IEEE 802.16-2004 standard, and ongoing evolution to the IEEE 802.16e mobile extension (to be published as IEEE802.16e-2005). Airspan have a full WiMAX Product Portfolio;
Called AS.MAX Micro and Macro Base Stations Indoor and Outdoor CPE, plus plans for USB, Laptop Cards and Handsets
Airspan a Charter Member of the WiMAX Forum.

Permanent WiMAX Forum Board Member Airspan are one of three Strategic developers working with Intel. We use Intels 802.16-2004 Subscriber Station Chip in our low cost Indoor CPE.
Airspan has an extensive R&D Team engaged in 802.16 Product Development

Tel-Aviv, Israel (CPE and Micro Base Station) and London, UK (Macro Base Station) R&D Programmes started in Q1 2003.
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Contents

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Fixed and Mobile WiMAX

Fixed WiMAX
Standard 802.16e-2005 (802.16-2004 Base plus Corrigendum) PHY Channel Sizes Duplex Method Convergence Layer Application Scenarios 256 FFT OFDM 3.5 MHz, 7 MHz and 10 MHz TDD & FDD Ethernet (Layer 2) Fixed and Nomadic - Maybe Portable Client Form-Factor Modulations System Features CPE to Support these RF Techniques Outdoor CPEs Indoor Desktop Modems 64 QAM on Uplink and Downlink Transparent Bridging, Nomadic Roaming, Self-Install Tx and Rx Diversity (optional) Uplink Sub-channelisation (optional) AAS (optional) Laptop Card, USB Devices, Mini-PCI (for Laptops), PDAs, Handsets 64 QAM on downlink, 16 QAM on uplink Handover Support, Paging, Sleep Mode AAS (mandatory) MIMO (mandatory)
Mobile WiMAX
802.16e-2005, Mainly the extension from 802.16e 512 and 1024 FFT SOFDMA 5 MHz and 10 MHz TDD only (today) IP (Layer 3) Portable and Mobile
Fixed and Mobile WiMAX are different! (Post Beijing)

Contents

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WiMAX Service Concepts

More than a broadband pipe designed to support: Multi-Service Bundles
Combined Voice and Data, or even Combined Voice+Video+Data (if you have enough spectrum) Application Specific additions to ensure robust service delivery
Fixed Mobile Convergence

iTone CellPrime + AS.MAX + WiMAX/Wi-Fi CPEs and Dual GSM / Wi-Fi Phones Seamless Wi-Fi / GSM Roaming enabled via WiMAX/Wi-Fi CPEs (Indoor and Outdoor)
Wi-Fi Hotzones
Outdoor WiMAX CPEs with Integrated Outdoor Wi-Fi Access Points Designed to support Laptops / PDAs and Next-Gen Handheld Devices: Smart Phones, PDAs, etc
Broadband without Subscription

Pre-Paid Solutions for both Broadband Data and Voice-over-WiMAX A true differentiator against Wired Broadband Utilises Internal SIM Card and Plug and Play CPE Support
Nomadic and Portable Applications

Via Wi-Fi or via a nomadic / portable WiMAX Device Delivers Broadband to Taxis, Buses, Trains etc Plus Public Safety Applications: Broadband for Emergency Services

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Wi-Fi Backhaul over ProST-WiFi

Key Advantages: Against DSL Lower OPEX costs than using SDSL Technology for Backhaul
SDSL drives expensive monthly Opex charges (regardless of usage) Longer Reach, not limited by SDSL uplink restrictions SDSL typically is restricted to less than 2km Can be installed at any location, Street-Light, Power Pole, etc Lots of places where there is no copper or Fibre 802.16 QoS is used to map different traffic into individual QoS, CIR and MIR pipes Allows a single Access Point to support N Retail Operators using Virtual SSIDs
Better Deployment Characteristics than SDSL
Better QoS than DSL

Against Wi-Fi Mesh Delivers Real QoS

802.16 QoS is used to map different traffic is into separate 802.16 QoS Pipes Combined WiMAX Backhaul and Wi-Fi AP is typically 50% less than similar Wi-Fi Mesh Nodes (>10 nodes) Links between nodes are typically less than 100m in Built-up Areas Wi-Fi Mesh is a spectrum Hog! Typically using all of 2.4 GHz and 5 GHz simultaneously
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Much lower Cost per Node than Wi-Fi Mesh Wi-FI Mesh requires LOS or Near-LOS between Nodes Uses Less Spectrum that Wi-Fi Mesh
802.16-2004 Nomadic Operation

Self-installation by the end-user requires full support for Nomadic Operation.
There are two sides to this The Network Infrastructure (BS and NMS) The Indoor Self-Install CPE
Network Infrastructure
Auto-Discovery: NMS automatically enters CPEs in database Auto-Provisioning: Service Products are applied to CPEs Automatically
Indoor Self-Install CPEs

Auto-Connect: Scan all available channels and pick the best one Auto-Configuration: CPE is provisioned / set-up by Base Station
An Indoor CPE is only part the story

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802.16-2004 Nomadic Network Operation

Mgmt WiMAX Transport Network
Traffic
The Internet
BS A
BS B
BS C
BS Set-up
CPE Detect
CPE Detect
CPE Detect
NMS Auto-Provisions CPE in Database NMS applies Service Product definition on BS A NMS recognises SS Roaming and sends new Service Product definition to BS B NMS recognises SS Roaming to BS C but does not allow service as SS is not permitted on this BS
A Full Self-Install Model

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Contents

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WiMAX Product Update

Product Launched in March 2005: at CeBIT 2005
Full Portfolio: Multiple Stations and CPEs Each Base Station is optimised for a specific Deployment Type Operator Trials commenced in Q2 across 5 continents
Announced Four Global WiMAX Partners

Marconi, Fujitsu, Ericsson, Nortel We were selected because of the strength and depth of AS.MAX Product Line
Won First Major WiMAX Project

Yozan in Tokyo, Japan Now 2400 WiMAX Base Station Network Supporting 25,000 Outdoor WiMAX / Wi-Fi APs (Phase 1)
GA Product Announced 21st November 2005

MacroMAX, EasyST, ProST and Netspan v8 Full Fixed / Nomadic solutions for Indoor, Plug and Play CPEs Unique Wi-Fi plus WiMAX Backhaul for Wi-Fi Metrozones
Airspan WIMAX Partners
WiMAX Forum Labs Certification March 2006

Attended 1st, 2nd & 3rd Plugfests Wave 1 Certification for MacroMAX & EasyST in first FDD round. ProST in certification labs

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Contents

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Product Strategy
Carrier Class Services

Triple Play Platform - Data, Voice and Video
Multi-Layer Networks
Macro, Micro and Pico Cells
CPE / Devices Interoperability and Certification

Improved market economics driven by standards based solutions Fixed: Ethernet Plug and Play Mobile: Embedded or USB
Dual Mode Operation

Simultaneous Fixed and Mobile WiMAX

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A Full WiMAX Portfolio

ProST IP Core Network
IP
IP Backhaul
MicroMAX
SIP or MGCP V5.2 or GR.303
IP Ba h ck au l
IP or E1
PSTN / Voice Network

Softswitch
EasyST
HiperMAX Laptop Card (16e)
Microcell
Macrocell
Smart Phone (16e)

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A Flexible Network Architecture

Airspans experience has shown that one Base Station type does not fit all applications / deployment scenarios. A choice of Base Stations are required for a single network deployment in order to optimise:
Network coverage RF Spectrum Usage Network Infrastructure cost
AS.MAX Includes a choice of two Base Station Families:

HiperMAX & MacroMAX Macro Indoor / portable CPE Coverage MicroMAX Indoor CPE Coverage Infill / Hotspots. Macro Outdoor CPE Coverage.

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AS.MAX Family Tree
BS Products
CPE Products EasyST ProST
NMS Netspan
Macro-Cell MacroMAX HiperMAX

HiperMAX-1 HiperMAX-2 HiperMAX-4 HiperMAX-8
Micro-Cell MicroMAX-SOC MicroMAX-SDR
ProST-WiFi

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Base Station Overview

A typical Access Network will be made up of a number of different Base Station types including:
Micro-cells, providing coverage and capacity in-fill Macro-cells, providing RF coverage footprint
Airspans AS.MAX Base Station range maps directly to these deployment models:
MicroMAX-SOC & MicroMAX-SDR provide micro-cell coverage to indoor CPE (EasyST), and macro-cell coverage for outdoor CPE (ProST) in rural deployments. MacroMAX & HiperMAX-1&2 provides macro-cell coverage to indoor CPE (EasyST) with a choice of configurations depending on deployment type (rural, sub-urban & urban). Also provides macro-cell coverage to outdoor CPE (ProST). HiperMAX-4&8 provides macro-cell coverage to portable devices, indoor CPE (EasyST) and outdoor CPE (ProST).

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Base Station Line Up
MicroMAX-SOC
Outdoor ASWipLL Packaging Based on Sequans SOC Cost Optimal
HiperMAX-8
ATCA + OBSAI RF SDR (Dual Mode Fixed & Mobile WiMAX) 8ch AAS SDMA (for TDD)
MicroMAX-SDR
All Outdoor OBSAI Radio SDR (Dual Mode Fixed & Mobile WiMAX) 2ch Antenna Diversity
HiperMAX-4
ATCA + OBSAI RF SDR (Dual Mode Fixed & Mobile WiMAX) 4ch AAS and Diversity
Micro-cells
HiperMAX-2
ATCA + OBSAI RF SDR (Dual Mode Fixed & Mobile WiMAX) 2ch Antenna Diversity
Macro-cells
MacroMAX
19 Rack Integrated Shelf Indoor Radio / RF Feeders SDR 2ch Antenna Diversity Commercial in Confidence: All Rights Reserved
Note: Fixed and Mobile WiMAX defined by WiMAX Forum System Profiles, ie. Fixed: 256 OFDM, Ethernet CS Mobile: 512/1024 SOFDMA, IP CS
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AS.MAX Base Stations

Different Solutions for Different Deployment Models MacroMAX
Conventional RF Product for Fixed WiMAX deployments Macro Cell Deployments Traditional Architecture with Software Defined Radio PHY/MAC. Two Channel Diversity (Rx-MRC, Tx-STC)
MacroMAX
HiperMAX
Next Generation, High Performance Macro Call Base Station. Smart Antenna Platform Masthead Transceiver with Fibre-Optic connection to ATC based Baseband Blades. Software upgrade-able to 802.16e (Fixed and Mobile WiMAX)
MicroMAX-SDR HiperMAX
MicroMAX-SDR
Micro Cell platform for WiMAX SDR Blade. Single Channel All Outdoor Solution Pole and Roof-top Deployment Software upgrade-able to 802.16e (Fixed and Mobile WiMAX)
MicroMAX-SOC
High Performance, Lowest Cost WiMAX Solution Pay-as-you-grow Deployment Model All Outdoor Deployment Model, CAT5 Powered Fixed WiMAX (later Mobile WiMAX version)
WiMAX ATCA Blade MicroMAX-SOC

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Next Generation WiMAX Base Stations

The AS.MAX HiperMAX and MicroMAX-SDR Base Stations are based on state-of-the-art 4th Generation Radio technology. The WiMAX Blade RF over Fibre Software Defined Radio
ATCA Base Station Equipment Rack for co-deployments / integration with other technologies Next Generation Service Node Platforms
OBSAI outdoor to indoor interconnect RF over Fibre using interchangeable SFP modules at both ends to support various fibre types.
Full Software Defined Radio Platform capable of support Multiple PHY/MAC combinations and waveforms (256 FFT OFDM - 16d, 512 and 1024 FFT SOFDMA 16e and even UMTS)

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The AS.MAX HiperMAX and MicroMAX-SDR Base Stations are based on state-of-the-art 4th Generation Radio technology. Smart Antenna Systems Multi-Channel Transceivers
User 1
User 2
Nth Order Diversity and Closed / Open Loop Array Antenna Processing, Beamforming and Null Steering, Spatial Interference Rejection and eventually SDMA (Spatial Division Multiple Access)
Advanced Multi-Channel Transceivers, Digital I/Q fed by Optical Feeders (OBSAI), High Efficiency, Compact Design

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The AS.MAX MicroMAX-SOC Base Station is a very high performance, low cost solution that builds on the successful AS.WipLL Product line. Pay-As-You-Grow All Outdoor Design System-on-a-Chip
Modular design supports Pay as you Grow deployment model. Base Stations can have a single BSR, or up to 12 BSR supported by Indoor BDSU. Lowest Possible cost for Low Density Deployments
Based on the highly successful AS.WipLL Platform. Outdoor Base Station Radio and Modem is powered over CAT5 Cable
A complete WiMAX Base Station on a single piece of silicon! Able to drive Full Duplex FDD, channels up to 28 MHz wide with STC Diversity, optimised initially for Fixed WiMAX applications

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EasyST: Indoor Deployment - Self Install

Worlds First Self-Install WiMAX CPE
Based on Intels 802.16-2004 CPE Silicon
EasyST with Wi-Fi Base
Full Indoor Non-LOS Deployment

256 OFDM (plus 16e SOFDMA in 2006)
EasyST for Window Antenna
Deployment without a Truck Roll

User unpacks, Plugs in and Surfs Deployment takes less than 1 minute!
Slim CD Style Design

Stackable Base Plates will support WiFi, VoIP and Battery Backup
Integral 7dBi, 4 x 90 Omni Antenna Over-the-air rate = Up to 37.5Mbit/s

Net: Up to 30 Mbit/s In a 10 MHz TDD Channel
Up to +24dBm Output Power (at 3.5 GHz)

Full support for Sub-channelisation (1/2 to 1/16)
EasyST with Integral Antenna

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EasyST The Key Advantages

Designed to support High-end Broadband Services
Optimised for both Pay-As-You-Go and Monthly Subscription based Models
Enhanced SIM Card support for Service Differentiation

SIM card can be used for Gold / Silver / Bronze Auto-Service Selection EAP-SIM Authentication (Future Option)
Full support for Customer Self-install and Indoor Deployment

High Performance Radio, Full Multiple-Antenna Diversity Support
Auto-Configuration and Auto-Connect Features deliver full Nomadic Network Operation

Any CPE can connect to any sector, or any Base Station without changes to System Provisioning Full service QoS, CIR and MIR settings are seamless provided without operator intervention
Tight Integration with Wi-Fi AP and VoIP IAD

Bundled solutions for Voice-over-WiMAX and Voice-over-WiFiover-WiMAX

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ProST: Outdoor WiMAX (with optional Wi-Fi)

Designed for Rapid Outdoor Installation
Rapid and Simple to Install (<1 hour) For deployment for SLA High Service Availability Enhanced Operational Ranges
Range of Service Interfaces

Simple Ethernet Multiport Switch and Hubs E1/T1 VoIP and Wi-Fi
All Outdoor WiMAX / WiFi AP
Dual WiMAX / Wi-Fi Capabilities

An Outdoor WiMAX CPE With an integral Outdoor Wi-Fi Access Point Designed to Provide Outdoor, Street-level Wi-Fi Access To Handheld Wi-Fi Devices
Based on Field Proven mechanics

4 Years of Deployment and <0.02% returns

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Network Support for Indoor Self Install CPE

There are a number of challenges around providing indoor, self install coverage at 3.5GHz:
Building Penetration Loss and Shadowing Drives the need for an additional >20dB link budget when compared to traditional FWA with roof mounted CPE. Cell sizes inevitably shrink, but are maximised through use of smart antenna techniques ie. Diversity & AAS with MacroMAX and HiperMAX Need for zero skill installation User should not be expected to point the CPE antenna at the basestation This drives the need for omni-directional CPE antenna and results in lower gain CPE antennas. EasyST includes a 4x90deg switched antenna array providing omni coverage but maximising antenna gain. Acceptable CPE Form Factor CPE must be small results in low antenna gains and low power consumption Uplink Subchannelisation is key to providing adequate link budget in the uplink with low power (=small size & low cost) Tx amplifiers. 802.16-2004 allows 1/16 subchannelisation which adds 12dB to the link budget

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EasyST: Indoor Deployment - Self Install

Worlds First Self-Install WiMAX CPE Supports Full Indoor Non-LOS Deployment
256 OFDM (16e SOFDMA in 2006) User unpacks, Plugs in and Surfs Deployment takes less than 10 minutes! aka Rosedale
Intels Rosedale EasyST Baseband Card
Deployment without a Truck Roll
Based on Intels 802.16 ProWireless 5116 chip
CPE is designed to sit next to a computer on a desktop. Slim CD Style Design

Other attachable baseplates will support WiFi, VoIP and Battery Backup
EasyST
Integral 7dBi, 4 x 90 Omni Antenna Over-the-air rate = 13.1Mbit/s (DL/UL)

Net: 10 Mbit/s on Downlink Net: 9 Mbit/s on Uplink in a 3.5 MHz FDD channel (3.5F1) Full support for Sub-channelisation (1/2 to 1/16)
Up to +24dBm Output Power

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EasyST: Three Ways to Self Install

EasyST is designed to be installed by the end user.
Sophisticated User Interface allows optimal positioning
Improves Service Reliability / Availability Increases Service Speeds Reduces Network Load
Three different Indoor deployment models are supported:

Using 7.5dBi Integral Antenna Using By-the-Window and WiFi AP expansion Base Using a Stick-on-the-Window External Antenna
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Indoor Deployment (Window Antenna)
1
EasyST with WiFi Base
Indoor Deployment on the Desktop (Integral Antenna)

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EasyST Consumer Skins and Packaging

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ProST: Outdoor WiMAX

ProST: Designed for Rapid Outdoor Installation
Low Cost Outdoor WiMAX CPE 17dBi Integral Antenna Rapid and Simple to Install (<1 hour) Enhanced Operational Ranges (vs. Indoor)
Street Light Deployment with CCTV
Range of Service Interfaces

Simple Ethernet Multiport Switch and Hubs E1/T1 VoIP and Wi-Fi (Indoor)
Design based on Field Proven AS WipLL mechanics

4 Years of Deployment and <0.02% returns
Small ProST 15dBi
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ProST-WiFi
ProST with integrated WiFi Access Point all outdoors !! AC or DC Outdoor Adapter to provide Power
Total power consumption less than 18 Watts
WiFi Antenna connects using a TNC connector

in the bottom of ProST-WiFi
Outdoor ProST-WiFi
WiFi Capabilities:
802.11b/g at 2.4 GHz WEP, WPA Security Multiple Virtual Access Points: 16 SSIDs SSID to VLAN tagging VLAN to 802.16 QoS Service Flow Mapping Gateway Functions: DHCP Server NAT PPPoE client
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Wi-Fi VoIP Phone
WiFi Laptop
Sony PSP
ProST-WiFi Networking
MIR = 10 Mbit/s CIR = NA QoS = BE Latency / Jitter = NA
Laptop VLAN SSID1 = Laptop Connect SSID2 = GameNet SSID3 = WiFi VoIP
Game VLAN WiMAX Base Station
VoIP VLAN
MIR = 1 Mbit/s CIR = 64 Kbit/s QoS = RTP Latency / Jitter = 10ms
Wi-Fi Clients Wide-Area WiMAX Coverage Access Via WiFi
Laptop VLAN
Game VLAN
SSID1 = Laptop Connect SSID2 = GameNet SSID3 = WiFi VoIP
VoIP VLAN
MIR = 128 Mbit/s CIR = 30 Kbit/s QoS = UGS Latency / Jitter = 30ms
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Airspan 16e Mobile WiMAX Product Strategy

Airspan AS.MAX WiMAX Product Line is designed to support Fixed, Nomadic and Portable Application Scenarios
We can and will deliver complete standalone systems
Airspan AS.MAX Base Stations can also become part of a Mobile WiMAX Network
By supporting R6 Base Station Handover interfaces Base Station can be connected to third-party WiMAX Core Infrastructures for Mobility
Airspans goal is to seamlessly introduce 16e Mobile WiMAX and the new SOFDMA PHY across the product line
By Software Upgrade on the High-End Base Station Platform (MicroMAX-SDR and HiperMAX) By early introduction of 16d / 16e capable CPEs (i.e. 16e SOFDMA Ready) Software support in CPE comes after Silicon introduction
We will simultaneously support Fixed WiMAX (256 OFDM (16d)) and Mobile WiMAX (SOFMDA (16e)) Radio interfaces on High-End Base Stations
256 OFDM will be enhanced by 16e for ongoing Fixed / Nomadic Applications SOFMDA will be introduced for Low Power / Portable Form Factors Laptop Cards, USB Devices, Handsets etc
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Dual Mode Operation: 802.16-2004 and 802.16e

EasyST MCRT 5 or 10 MHz TDD 802.16e (SOFDMA) 16eUSB
Wi-Fi Clients
ProST-WiFi
MicroMAX-SDR Base Station
802.16-2004 (256 OFDM)
EasyST
SCRT 5 or 10 MHz TDD
MicroMAX-SDR and HiperMAX Base Stations can simultaneously support 802.16-2004 and 802.16e
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Contents

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AS.MAX Summary
AS.MAX is the worlds most comprehensive WiMAX Product Portfolio. Our WiMAX Leadership position has been demonstrated by 4 Global Partnership Wins Other WiMAX Firsts for Airspan include: Worlds First Full Software Defined Radio solution for WiMAX
Full software only upgrade to 802.16e SOFDMA PHY
Worlds First Indoor WiMAX CPE The EasyST

Demonstrated at the launch of Intels Rosedale (Pro Wireless 5116) in April 2005
World First Nomadic 802.16-2004 System

Full Nomadic Operation Day 1 for Customer Self-Install and Network Roaming
Worlds First Major WiMAX MetroZone Project

City-Wide WiMAX in Tokyo, Japan 2,400 WiMAX Base Stations in Phase 1
Worlds Largest Wi-Fi Hotzone

Again in Tokyo, Japan - 25,000 Access Points in Phase 1 Enabled by unique WiMAX CPE with Integral Wi-Fi AP
Part of the first round of Wave 1 FDD Fixed WiMAX Certification

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ASMAX Overview Product Strategy

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ASMAX Overview Product Strategy

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Connecting The World

AS.MAX Overview & Product Strategy

Commercial in Confidence: All Rights Reserved

Commercial in Confidence: All Rights Reserved

Background: Airspan and WiMAX

Airspan a Charter Member of the WiMAX Forum.

Airspan has an extensive R&D Team engaged in 802.16 Product Development

Commercial in Confidence: All Rights Reserved

Fixed and Mobile WiMAX

Fixed and Mobile WiMAX are different! (Post Beijing)

Commercial in Confidence: All Rights Reserved

WiMAX Service Concepts

Fixed Mobile Convergence

Broadband without Subscription

Nomadic and Portable Applications

Commercial in Confidence: All Rights Reserved

Wi-Fi Backhaul over ProST-WiFi

Better Deployment Characteristics than SDSL

Better QoS than DSL

Against Wi-Fi Mesh Delivers Real QoS

802.16-2004 Nomadic Operation

Indoor Self-Install CPEs

An Indoor CPE is only part the story

802.16-2004 Nomadic Network Operation

A Full Self-Install Model

Commercial in Confidence: All Rights Reserved

WiMAX Product Update

Announced Four Global WiMAX Partners

Won First Major WiMAX Project

GA Product Announced 21st November 2005

WiMAX Forum Labs Certification March 2006

Commercial in Confidence: All Rights Reserved

Commercial in Confidence: All Rights Reserved

Carrier Class Services

CPE / Devices Interoperability and Certification

Dual Mode Operation

Commercial in Confidence: All Rights Reserved

A Full WiMAX Portfolio

PSTN / Voice Network

HiperMAX Laptop Card (16e)

Commercial in Confidence: All Rights Reserved

A Flexible Network Architecture

AS.MAX Includes a choice of two Base Station Families:

Commercial in Confidence: All Rights Reserved

AS.MAX Family Tree

CPE Products EasyST ProST

Macro-Cell MacroMAX HiperMAX

Micro-Cell MicroMAX-SOC MicroMAX-SDR

Commercial in Confidence: All Rights Reserved

Commercial in Confidence: All Rights Reserved

Base Station Overview

Commercial in Confidence: All Rights Reserved

Base Station Line Up

AS.MAX Base Stations

WiMAX ATCA Blade MicroMAX-SOC

Commercial in Confidence: All Rights Reserved

Next Generation WiMAX Base Stations

Commercial in Confidence: All Rights Reserved

Next Generation WiMAX Base Stations

Commercial in Confidence: All Rights Reserved

Next Generation WiMAX Base Stations

Commercial in Confidence: All Rights Reserved

Commercial in Confidence: All Rights Reserved