CHELMSFORD, Mass., Nov. 25 /PRNewswire-FirstCall/ -- Airvana, Inc. (Nasdaq: AIRV), today announced delivery of the latest release of its EV-DO Rev. A software. Release 8.0, which is now generally available, allows operators to increase the capacity and performance of their mobile broadband networks through a software upgrade of their existing radio access network equipment.
Airvana's EV-DO Release 8.0 addresses growth in mobile broadband data traffic in several important ways. By enhancing the Radio Network Controller (RNC) load balancing function, Release 8.0 ensures that the resources within the radio access network are distributed to serve smartphone and data card traffic in an effective manner. In addition, this release also optimizes the way network "control messages" are transmitted, so the existing infrastructure can handle more devices, call activity, and in-session user mobility. Radio network performance enhancements in Release 8.0 also result in higher data rates for users in weak signal areas.
EV-DO Release 8.0 will be available to operators through Airvana's newly-established relationship with Ericsson. Ericsson recently acquired Nortel's CDMA business and LTE assets in North America and Airvana's agreement with Nortel was assigned to Ericsson as part of the acquisition. "We look forward to a long and successful relationship with our new partner Ericsson," said Randy Battat, CEO, Airvana.
Airvana's Release 8.0 software is available now for new EV-DO network deployments and also as a software upgrade for existing networks. The general availability of Release 8.0 software begins an upgrade billing cycle for Airvana beginning in the fourth quarter of 2009. The delivery of EV-DO Release 8.0 also triggers a revenue recognition event for Airvana in the fourth fiscal quarter of 2009 as planned.
About Airvana
Airvana helps operators transform the mobile experience for users worldwide. The company's high-performance technology and products, from comprehensive 3G femtocell solutions based on its HubBub(TM) CDMA and UMTS femtocells, to core mobile broadband network infrastructure, enable operators to deliver compelling broadband services to mobile subscribers, wherever they are. Airvana's products are deployed in 70 commercial networks on six continents. The company is headquartered in Chelmsford, Mass., USA, with offices worldwide. For more information, please visit www.airvana.com.
Safe Harbor Statement
Any statements in this press release about future expectations, plans and prospects for Airvana 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 timing and rate of femtocell market acceptance and growth, operator femtocell deployment plans, the highly competitive and rapidly evolving market in which Airvana competes, Airvana's limited operating history, the fluctuation of its past operating results, Airvana's anticipated reliance on sales through a new reseller, Telefon AB L.M. Ericsson, for a significant portion of its revenues and product and service billings and other factors discussed in Airvana's filings 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.
Airvana Contacts:
Media Contact Investor Contact
Rob Morton David Reichman
Davies Murphy Group Sharon Merrill Associates
(781) 418-2460 (617) 542-5300
airvana@daviesmurphy.com airv@investorrelations.com
SOURCE Airvana, Inc.
