Press Releases

Management Changes at Alvarion: CO-CEO Amnon Yacoby To Step Down From Managerial Role

Tel – Aviv, Israel, December 25, 2001 – Alvarion Ltd.(NASDAQ: ALVR), a leading provider of Broadband Wireless Access (BWA) solutions, today announced changes in top management that will take effect on January 1, 2002. On that date, Amnon Yacoby will step down from active management, and Zvi Slonimsky will become Alvarion’s sole CEO. Mr. Yacoby will continue to serve as a member of the Board of Directors of the Company, and from that position will guide the Company’s long-term strategic activities. Tzvika Friedman will continue to serve as Alvarion’s President and COO, reporting directly to the CEO.

Commenting on the news, Aharon Dovrat, Chairman of Alvarion’s Board of Directors, said, “Our decision to simplify the structure of Alvarion’s top management reflects the success of the merger process. Following the closing of the merger of Breezecom and Floware, co-CEOs were necessary for a limited time to smooth the process of Post-Merger Integration (PMI). Now that most of our PMI goals have been achieved, it is appropriate and natural for us to complete the final step of the merger by returning to just one top decision maker.”

Mr. Dovrat continued, “As we take this step, it is impossible to overstate our appreciation for the contribution of Amnon, who during the last six years founded Floware, built it into a major force in the BWA marketplace, and worked tirelessly toward the success of the merger. As an active director, we expect him to continue to play a major role in the Company’s future, and look forward to his strategic guidance. At the same time, we are confident that Alvarion’s strong and experienced management team will continue to succeed as they work to expand the Company’s market leadership, grow its revenues, and build its profitability.”

Zvi Slonimsky, CEO of Alvarion, said, “The merger has positioned us with the financial, marketing and technological strengths to survive today’s difficult economy, and to emerge as the leading supplier of BWA products to growing markets. BWA demand continues to grow as major operators recognize BWA’s unique value proposition. We are confident that we shall ride the market to continued significant growth as the overall market recovers.”

Amnon Yacoby, Director of Alvarion, said, “ I am proud to have played a significant part in building this excellent Company, and believe that today’s steps are the right ones to lead it to the next level. The Company’s management team, which I had the privilege to help build, has the ability and desire to achieve great accomplishments. I look forward to assisting management in charting its future strategies from my position as an active Board Member.”

About Alvarion
Alvarion is a powerhouse of point-to-multipoint broadband wireless access (BWA) solutions for telecom carriers, service providers, and Enterprises worldwide. Alvarion’s systems are used to provide Internet access and voice and data services for subscribers in the last mile, as well as for cellular network feeding, building-to-building connectivity, and wireless local area networks (LANs).

Alvarion, which was formed by the merger of BreezeCOM and Floware, offers the broadest range of BWA solutions by market segment and frequency band. Its solutions are designed to address all carriers’ and service providers’ business models. With the combined market experience of its founding companies, a strong customer base, diversified distribution channels and field-proven deployments, Alvarion is the leading BWA pure-play provider for all types of end-users, from residential subscribers to business customers.

This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Alvarion’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers and other risks detailed from time to time in filings with the Securities and Exchange Commission.

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