Press Releases

Oct 1, 2001

Alvarion Announces Third Quarter Preliminary Results

TEL-AVIV, Israel - Alvarion Ltd. (NASDAQ: ALVR), a leading provider of Broadband Wireless Access (BWA) solutions, today announced preliminary financial results for the third quarter of 2001 ended September 30, 2001.

The Company anticipates that revenues for the quarter will be approximately $28 million, close to the low end of the $30M-$40M range which the Company had expected previously. Recently formed from the merger of BreezeCOM Ltd. and Floware Ltd., Alvarion will publish its first quarterly release as a merged company, in which it will provide full quarterly information and additional guidance, on November 12, 2001. The Company will also hold a conference call on the same day to discuss the results.

Commenting on the news, Amnon Yacoby, co-CEO of Alvarion, said, "Despite persistent weakness in the overall telecommunication environment, coupled with the effect of recent events in the US, we are pleased that we nearly achieved our forecast. We were able to maintain our leadership position within the Broadband Wireless Access market, and are encouraged by evidence of substantial long-term opportunities."

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.

For more information, visit Alvarion's World Wide Web site at http://www.alvarion.com.

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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