Press Releases

TEL AVIV, Israel January 25, 2007 -- Alvarion Ltd. (NASDAQ: ALVR), the leading provider of wireless broadband solutions worldwide, announced today that it has been notified that a purported class action complaint had been filed in the United States District Court for the Northern District of California against the Company and certain officers and directors of the Company. The complaint alleges that in certain public statements regarding its business with a customer that accounted for significant revenues during 2004, the Company failed to state that sales to the customer would not continue to provide substantial revenues to the Company, and on that basis the complaint asserts violations of U.S. Federal Securities laws.

 

The Company stated that it believes that the allegations made in the complaint are without merit and that it intends to vigorously defend against the complaint.

 

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.

 

This press release contains forward -looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 in which Alvarion discusses its belief that the purported securities class action lawsuit referred to above is without merit and that it intends to defend this suit vigorously. Forward-looking statements are all statements other than historical facts, such as statements regarding assumptions, expectations and projections about future events or conditions. The accuracy of Alvarion’s assumptions, expectations, beliefs and projections depend on events or conditions that change over time and are thus susceptible to change based on actual experience, new developments and known and unknown risks. Although Alvarion believes that the assumptions, expectations and projections reflected in these forward-looking statements are reasonable based on the information known to Alvarion today, Alvarion can give no assurance that the assumptions, expectations and projections will prove to be correct. Alvarion cautions readers that it undertakes no obligation to update or publicly release any revisions to the forward-looking statements in this press release hereafter to reflect the occurrence of any events or circumstances or any changes in its assumptions, expectations and projections, except to the extent required by applicable law. Important factors that might cause future results to differ from these assumptions, expectations and projections include, but are not limited to, developments in the litigation.

 

For more information, visit Alvarion’s web site at www.alvarion.com. The web site appearing in this press release is 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.