Notas de Imprensa

BreezeCOM Ltd. and Floware Wireless Systems, Ltd. Complete Merger

Company Changes Name to Alvarion
To Trade on NASDAQ Under ALVR Symbol 
 
Tel Aviv, Israel, August 1, 2001—BreezeCOM Ltd. (NASDAQ: BRZE) and Floware Wireless Systems Ltd. (NASDAQ: FLRE) announced today the completion of their merger. The name of the newly merged entity is Alvarion.

The new Company’s shares will be traded on the NASDAQ exchange under the symbol “ALVR.”

The shareholders of both companies approved the merger at shareholders’ meetings held in Israel on July 30, 2001. Under the terms of the merger, BreezeCOM issued 0.767 ordinary shares for each ordinary share of Floware in a stock-for-stock exchange.

In announcing the successful completion of the merger, Zvi Slonimsky and Amnon Yacoby, co-Chief Executive Officers of Alvarion, said, “The merger of BreezeCOM and Floware to form Alvarion creates a company that is one of the largest pure-play providers of point-to-multipoint broadband wireless access equipment. The new Company provides a wide range of solutions designed to address all carriers’ and service providers’ business models. Alvarion has a strong customer base throughout Europe, Asia, Latin America, and North America.

Alvarion’s technology addresses multiple market segments, including residential; SOHO and small-to-medium enterprises. Its products operate in both the licensed and unlicensed frequencies, ranging from 2.4 GHz all the way to 26 GHz.

Alvarion’s financial strength, experienced management team, strong solution portfolio and diversified customer base positions the Company as the ideal partner for carriers, service providers and enterprises.”

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 for providing Internet access and voice and data services for subscribers in the last mile, for feeding of cellular networks, for building-to-building connectivity and for wireless local area network (LAN).

The merger of BreezeCOM and Floware to form Alvarion has created a company with the broadest range of BWA solutions by market segment and frequency band, designed to address all carriers’ and service providers’ business models. With its combined market experience, strong customer base, diversified distribution channels and field-proven deployments, Alvarion is a leading BWA pure play provider for every end user profile, from residential subscribers to business customers.

This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in demand for the products, timing and cancellation of orders and other risks detailed from time to time in filings with the Securities and Exchange Commission.

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