Aviat Networks Announces Sale Of WiMAX Business To EION Wireless

Aviat Networks, Inc. (NASDAQ: AVNW), a leading expert in wireless transmission solutions, today announced that it has sold its WiMAX business to EION Networks, Inc. which is a privately owned Canadian Company headquartered in Ottawa, Ontario. The WiMAX business will be consolidated into a division of the company, EION Wireless, as a result of the sale. EION Wireless, a global provider of broadband wireless products, plans to extend its broadband wireless solutions portfolio with the purchase of this business. Aviat Networks acquired the WiMAX business in 2009 to expand its technology portfolio and capabilities to address opportunities in the wireless broadband and mobility markets. In May 2011, as part of a company restructuring aimed at reducing costs, streamlining operations, and optimizing the Company's business model, Aviat Networks announced its intentions to sell the WiMAX business for an undisclosed amount. "The sale of the WiMAX business will enable us to better focus our resources and investments on our microwave transmission products, further positioning us for long-term success," said Michael Pangia, president and CEO of Aviat Networks. "We will work with EION Wireless to ensure a smooth transition for both our customers and employees." The sale of the WiMAX business to EION Wireless was effective as of September 2, 2011.