AirWalk Communications Recognized as One of Dallas’ Fastest Growing Private Companies by Dallas 100

Company ranked 22nd by SMU Cox Caruth Institute for Entrepreneurship, based on business growth

DALLAS—November 21, 2008 – AirWalk CommunicationsTM, an innovator of CDMA IP-based cellular radio network equipment, was ranked 22nd among the Dallas 100TM fastest growing companies in North Texas. The 2008 award recipients of the Dallas 100 were honored at a celebratory ceremony at the Morton Meyerson Symphony Center on November 20.

AirWalk’s growth is attributed to its innovative development of compact, IP-based, cellular products. The company’s broad range of macro and picocells are well established in carrier networks worldwide. AirWalk’s new line of consumer products, femtocells, will expand broadband voice and data services to the enterprise and home markets while generating additional carrier revenue.

“Being recognized by SMU’s school of entrepreneurship is an honor,” said Serge Pequeux, president and CEO of AirWalk Communications. “I am extremely proud of our employees. They are driven and enthusiastic about making the company a success. Thanks to their contributions, we have grown consistently for the past six years.”

To qualify for the Dallas 100, companies must be independent, privately held, headquartered in Dallas, and have a three-year sales history reflecting growth, along with a credit report and character satisfactory to the Dallas 100. The 2008 Dallas 100 is the 18th year of the program, which is sponsored by the SMU Cox Caruth Institute for Entrepreneurship.

About SMU Cox

SMU’s Cox School of Business offers a full range of business education programs, including BBA, full-time MBA, Professional MBA (PMBA), Executive MBA (EMBA), Master of Science in Management (MSM), and Executive Education. The school also offers a number of unique resources and activities for students, ranging from its Business Leadership Center (BLC), Caruth Institute for Entrepreneurship, Maguire Energy Institute, and American Airlines Global Leadership Program (AAGLP) to its Associate Board Executive Mentoring Program and an international alumni network with chapters in more than 20 countries. SMU Cox is ranked among the top business schools nationally and internationally by major publications, including BusinessWeek, The Economist, Financial Times, Forbes, The Wall Street Journal, and U.S. News & World Report.

About AirWalk Communications

AirWalk Communications, Inc. is a developer of IP CDMA Radio Access Network (IP-RAN) products that deliver 3G voice and data platforms.AirWalk’s products are modular, stackable and increase coverage and capacity. AirWalk delivered the industry’s first base station and base station controller in a single, inexpensive, compact platform. The company’s radio products operate on the global CDMA licensed frequencies and offer operators new sources of revenue. For more information, visit www.airwalkcom.com.