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Iospan Wireless And Powerwave Technologies To Accelerate The Deployment Of MIMO-OFDM Broadband Fixed Wireless Access Technology

SAN JOSE, Calif. - Aug. 06, 2001 - Iospan Wireless, Inc., the leader in fixed wireless broadband multiple antenna technology, and Powerwave Technologies, Inc. (NASDAQ: PWAV), a leading supplier of high-performance radio-frequency power amplifiers for use in wireless telecommunications networks, today announced they have entered into a memorandum of agreement for the joint development of AirBurstTM-compatible broadband power amplifiers that will further optimize the performance of Iospan's MIMO-OFDM-enabled AirBurst technology.
"We are extremely excited about the opportunity to enhance our AirBurst technology with Powerwave's high-performance broadband RF power amplifiers," said Levent Gun, Iospan Wireless' president and CEO. "This agreement will allow service providers to move forward aggressively with the self-install, indoor CPE service model, while keeping infrastructure costs in check. "

Today's fixed wireless service providers are demanding that next-generation fixed wireless solutions enable the deployment of Non-LOS, reliable, scalable, easy-to-install and profitable broadband access systems. Iospan's AirBurst technology is designed to allow service providers to quickly deploy broadband wireless services for both residential and business applications that will successfully compete with existing broadband technologies on both price and performance.

"Powerwave and Iospan share a vision of enabling the delivery of a market driven broadband wireless solution," said Bruce C. Edwards, president and CEO of Powerwave. "This agreement allows Iospan to streamline development efforts by providing them with access to our next generation amplifier solutions, technical expertise and cost-effective, high-volume manufacturing capabilities."

As part of the agreement, Powerwave will supply Iospan with high-performance broadband power amplifiers for use in trials with a major U.S. carrier using Iospan's AirBurst technology. Tighter coupling of AirBurst and Powerwave's technologies is aimed at improving system efficiencies and reducing the costs and footprint of the system.

"As the next-generation of fixed wireless cellular systems are rolled out that efficiently support self-installable, indoor CPE, infrastructure costs become a critical issue for service providers," said Brian Modoff, Senior Analyst at Deutsche Banc Alex Brown. "The joining of industry leaders, such as Iospan and Powerwave, will enable the broadband wireless market with solutions that are competitively priced and meet the demands of the service providers."

About Iospan Wireless
Iospan Wireless, Inc., a privately held company located in San Jose, CA, is a leader in developing, delivering, and enabling innovative digital wireless communications products and services based on the Company's innovative MIMO-OFDM-enabled AirBurst technologies. These technologies will enable mass-deployment of fixed and portable wireless broadband services that provide wireline-like performance and reliability under pure Non-Line-of-Sight (Non-LOS) channel conditions. Broadband wireless access systems using MIMO-OFDM will reduce installation and provisioning costs, provide faster access speeds than current broadband solutions and provide ubiquitous service availability. AirBurst™ chipsets, reference designs and board-level solutions solve the coverage, capacity and scalability problems broadband Wireless Internet Service Providers are facing today, while offering new levels of profitability and faster time to market.

For more information about Iospan Wireless' AirBurst solutions, visit our web site at http://www.iospanwireless.com/ or call (408) 232-7500.

About Powerwave Technologies
Powerwave Technologies, Inc., a TL 9000 and ISO 9001 quality certified company, is a leading supplier of high performance RF power amplifiers for use in wireless communications networks. Powerwave designs, manufactures and markets both single carrier and multi-carrier RF power amplifiers for use in cellular, PCS and 3G base stations throughout the world. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, California. 92705. Telephone (714) 466-1000. For more information on Powerwave's high performance ultra-linear RF power amplifiers and amplifier systems, please call (888)-PWR-WAVE (797-9283) or visit our web site at www.powerwave.com.

Powerwave and Powerwave Technologies are registered trademarks of Powerwave Technologies, Inc. and the Powerwave logo is a trademark of Powerwave Technologies, Inc.

Powerwave Forward Looking Statement
The foregoing statements regarding the development and supply of AirBurstTM compatible power amplifiers, expected revenues from such amplifiers, and the benefits and market acceptance of such amplifiers are "forward looking statements." All of these statements are subject to risks and uncertainties which could cause actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, in no particular order: The amplifiers are in the prototype design phase and Powerwave has no expectation of revenue from such amplifiers in the near term; the joint development of the amplifiers is subject to the execution of a definitive agreement between Powerwave and Iospan; the inability of the parties to agree upon a mutually acceptable definitive agreement; unexpected technical difficulties in developing and productizing the amplifiers for volume production; lack of market acceptance of the amplifiers; difficulties in integrating the amplifiers with AirBurst enabled base stations; and the ramp up of production of the amplifiers may take longer than planned.

More detailed information on these and additional factors which could affect Powerwave's operating and financial results are described in Powerwave's Form 10-K for the fiscal year ended December 31, 2000 and its Form 10-Q for the quarterly period ended April 1, 2001 both of which are filed with the Securities and Exchange Commission, and other risks detailed from time to time in Powerwave's reports filed with the Securities and Exchange Commission. Powerwave urges all interested parties to read these reports to gain a better understanding of the many business and other risks that it faces. Additionally, Powerwave undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

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