AirNet Picks Up Order from Existing Customer

AirNet Communications says that it has received more than US$3 million in new purchase orders from an undisclosed, existing customer. Deliveries under these phase two purchase orders are planned for the 3rd and 4th quarter of this year.

"Customer validation of our products and technology is always encouraging. The issuance of these new purchase orders serves as that validation," said Glenn Ehley, President & CEO for AirNet Communications Corporation. "We will continue to explore ways to grow our alliance with this valuable customer."

"Winning these new orders required substantial dedication over the last two quarters by the entire AirNet team," said Joseph F. Gerrity, Vice President & Chief Financial Officer. "As a result of the phase one delivery and the collection of the phase two deposit on June 27, 2003, we expect to announce positive cash flow from operating activities for the second quarter when we release second quarter financial results. In addition, we expect the projected revenue from these phase two purchase orders to be recognized in the third and fourth quarters of this year."

Posted to the site on 1st July 2003