Telrad Networks Announces Acquisition of Alvarion's Broadband Wireless Access Division

Telrad Networks Announces Acquisition of Alvarion's Broadband Wireless Access
Division

Synergy Between These Two Complementary Businesses Will Create Growth
Potential and Maximize Value for the Company and for Customers

TEL AVIV, Israel, Feb. 22, 2013 (GLOBE NEWSWIRE) -- Telrad Networks, a leading
international provider of telecommunication solutions, today announced that it
has agreed to acquire the broadband wireless access (BWA) division of
AlvarionĀ® Ltd. (Nasdaq:ALVR) for $6.1 million. In addition, Alvarion may
receive certain performance-based milestone payments of up to $6 million. BWA
technology is experiencing rapid growth worldwide because it enables wireless
broadband connectivity to meet the need for Internet access in areas with
little or no access infrastructure.

"We're enthusiastic about this acquisition because of the strategic fit
between the two businesses and the significant growth potential," said Ran
Bukshpan, CEO, Telrad Networks. "We are committed to an aggressive development
roadmap for the BWA division, ensuring a smooth transition to TD-LTE Advanced
capabilities for all customers.We are looking forward to providing Alvarion's
impressive customer base with the highest levels of service and support, as
we've served our telco and enterprise customers for many years.We also extend
the warmest welcome to our new employees joining us from Alvarion, and believe
that together we can achieve our vision of becoming the world leader in
broadband wireless access innovation."

The flagship product of the group, BreezeCOMPACT, has a unique single-box
architecture which provides macro base station performance in a compact,
optimized all-outdoor form factor with software radio design, which enables
LTE Advanced and a variety of supported frequencies.The BWA division today
serves over 250 broadband carriers and Wireless Internet Service Providers
(WISPs) worldwide.This new division will be fully integrated into Telrad's
core business, maintaining its current sales, support and development staff.

"Both organizations possess a global presence in the marketplace, and serve
the same types of customers across the globe," continued Bukshpan."We share a
common level of technological know-how that will provide a great deal of
synergy as we integrate the BWA division into our company.The market is
poised to adopt next-generation wireless technologies and we see BWA as a core
growth engine for our company in coming years."

About Telrad Networks

Telrad Networks provides innovative telecom equipment, solutions and services
which facilitate communications between millions of end-users worldwide.
Combining technological expertise with a dedication to customer service,
Telrad provides provisioning, implementation and management for over 100
leading global telecom operators and major enterprises. Telrad Networks
operates in over 30 countries, with regional headquarters in the Americas,
Europe, Asia and Africa. Telrad Networks is owned by private equity fund
Fortissimo Capital. (www.telrad.com)

About Fortissimo Capital

Fortissimo Capital, headquartered in Israel, is a group of private equity
funds with nearly $500 million under management that invests in global
technology companies that require capital to expand their business. Fortissimo
Capital is a long term investor and seeks to partner with management to
facilitate growth and maximize value. Fortissimo is backed by leading
financial institutions including insurance companies, banks and pension funds.
(www.ffcapital.com)

About Alvarion

Alvarion Ltd. (Nasdaq:ALVR) provides optimized wireless broadband solutions
addressing the connectivity, coverage and capacity challenges of telecom
operators, smart cities, security, and enterprise customers. Our innovative
solutions are based on multiple technologies across licensed and unlicensed
spectrums. (www.alvarion.com)

CONTACT: Investor Contact:
        
         Ruthy Smadja, CFO
         +972 732-467-120
         ruthy@telrad.com
        
         Press Contact:
        
         Heidi Eisips, Media Relations
         US: +1 (408) 568-3105
         Israel: +972 (052) 822-6645
         heidi@koralaconsulting.com
 
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