Press Releases

Jan 3, 2007

Alvarion Announces Upcoming Departure of CFO Dafna Gruber During Second Quarter of 2007

TEL AVIV, Israel, January 3, 2007 — Alvarion Ltd. (NASDAQ:ALVR), the world’s leading provider of wireless broadband solutions today announced that its Chief Financial Officer, Dafna Gruber, has decided to leave the company to accept a position as Corporate Vice President and CFO of NICE Systems Ltd. (NASDAQ: NICE). Mrs. Gruber will continue to serve as Alvarion’s Chief Financial Officer until a successor is appointed. The transition is planned to take place in the second quarter of 2007.

Tzvika Friedman, president and CEO of Alvarion, said, “Dafna has been an integral part of our becoming the wireless broadband industry leader and her contributions to the company over the past decade are too numerous to list. I extend to her heartfelt appreciation and best wishes in behalf of the entire organization.”

“I joined Alvarion 11 years ago and I feel proud and privileged to have been a part of Alvarion during this exciting time,” said Dafna Gruber. “I am leaving a company that made the WiMAX dream come true, which is led by an outstanding team and is well prepared for its future growth. Yet, I feel that the time has come for me to make a change and to extend the scope of my career. I will, of course, continue to support and serve the company during the transition and after. I want to thank everyone at Alvarion for making the past 11 years a wonderful experience.”

About Alvarion
With more than 2 million units deployed in 150 countries, Alvarion is the world’s leading provider of innovative wireless network solutions enabling personal broadband services to improve lifestyles and productivity with portable and mobile data, VoIP, video and other applications. Providing systems to carriers, ISPs and private network operators, the company also supplies solutions to extend coverage of GSM networks to developing countries and other hard to serve areas.

Leading the WiMAX market with the most widely deployed WiMAX system in the world, Alvarion has the most extensive networks deployments and proven product portfolio in the industry covering the full range of frequency bands with both fixed and mobile solutions. Alvarion’s products enable the delivery of business and residential broadband access, corporate VPNs, toll quality telephony, mobile base station feeding, hotspot coverage extension, community interconnection, public safety communications, and mobile voice and data. Alvarion works with several global OEM providers and more than 200 local partners to support its diverse global customer base in solving their last-mile challenges.

As a wireless broadband pioneer, Alvarion has been driving and delivering innovations for more than 10 years from core technology developments to creating and promoting industry standards. Leveraging its key roles in the IEEE and HiperMAN standards committees and experience in deploying OFDM-based systems, the Company's prominent work in the WiMAX Forum™ is focused on increasing the widespread adoption of standards-based products in the wireless broadband market and leading the entire industry to mobile WiMAX solutions.

For more information, visit Alvarion’s World Wide Web site at www.alvarion.com

This press release contains 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 in ability 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.

Information set forth in this press release pertaining to third parties has not been independently verified by Alvarion and is based solely on publicly available information or on information provided to Alvarion by such third parties for inclusion in this press release. The web sites appearing in this press release are not and will not be included or incorporated by reference in any filing made by Alvarion with the Securities and Exchange Commission, which this press release will be a part of.

You may request Alvarion's future press releases or a complete Investor Kit by contacting Carmen Deville, Investor Relations: carmen.deville@alvarion.com or +1-650.314.2653.

« Back to List