BOCA RATON (Press Release). Following the recent announcement of its successful completion of the Yozan Japan network optimization program, Airspan Networks, Inc. (NASDAQ – AIRN) today announced that it has entered into a new service agreement with Yozan for the continuing optimization and rollout of the network.

The new agreement is valued at approximately $2.3 million. Airspan is expected to provide both additional network optimization consulting and support services through to the end of April 2007. The service agreement will include WiMAX systems consulting, project management, radio planning services, training, and engineering support for Yozan’s site selection and preparation. Airspan will also make services available to support installation, commissioning and maintenance by Yozan of the WiMAX-WiFi network.

“Yozan has been very pleased with the performance of the equipment since the optimization that took place in the third quarter 2006,” said Mr. Kiyoshi Ohata, President of Yozan. “The new agreement will help us to deploy Airspan’s equipment according to the best practices of the broadband wireless industry. Airspan has had considerable experience in deploying WiMAX networks elsewhere, and its knowledge of operators’ practices will be very valuable to Yozan as it continues to deploy services in Tokyo.”

Commenting on the new agreement, Henrik Smith-Petersen, Airspan’s President Asia Pacific, said: “We are very pleased with the continuation of the network development with Yozan, which remains one of our most important customers. As an early adopter of WiMAX technology, Yozan is ready to become one of the leading users of WiMAX and WiFi broadband wireless equipment.”