Financial News

Alvarion's Fourth Quarter and Year End 2005 Earnings Release and Conference Call Scheduled for February 8th, 2006

TEL AVIV, Israel- January 5, 2006--Alvarion Ltd. (NASDAQ: ALVR), the world’s leading provider of wireless broadband solutions and specialized mobile networks, announced today that it plans to report its fourth quarter and year end 2005 results on February 8^th, 2006, during pre-market hours. Following the announcement, Alvarion’s management will host a conference call at 9:00 a.m. EDT. Please call the following dial in number to participate: USA: (612) 332-1213, International: +1-612-332-1213.

The public is invited to listen to the live webcast of the conference call. For details please visit Alvarion’s website at www.alvarion.com. An archive of the on-line broadcast will be available on the website.  A replay of the call will be available from 12:30 p.m. EDT on February 8, 2006 through 11:59 p.m. EDT on February 14, 2006. To access the replay, please call USA: (320) 365-3844, International: +1-320-365-3844. To access the replay, users will need to enter the following code: 813525.

Alvarion has scheduled dates for the earnings announcements during 2006, and this schedule is available on the website at www.alvarion.com.

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About Alvarion
With more than 2 million units deployed in 130 countries, Alvarion is the worldwide leader in wireless broadband providing systems to carriers, ISPs and private network operators, and also in extending coverage of GSM and CDMA mobile networks to developing countries and other hard to serve areas.

Leading the WiMAX revolution, Alvarion has the most extensive 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 ten 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 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

Alvarion’s Investor Contacts:

Dafna Gruber, CFO

+972.3.645.6252

650.314.2652

dafna.gruber@alvarion.com

Carmen Deville

650.314.2653

carmen.deville@alvarion.com

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