Herzliya, Israel
March 5, 2008

WiNetworks, a pioneer and leader in the development and integration of WiMAX network technologies, announced today that it has successfully raised $19M in financing. Financing from the third round will be used to expand the Win-Max® family of mobile WiMAX base station products and to increase market penetration around the world.

The Win-Max family of mobile WiMAX products includes the WiN7000, an all-outdoor compact base station, and the WiN7200, a scalable, single piece mini base station. WiNetworks has already received orders for over $17M and has begun shipments of the WiN7000 Compact Base Stations which will be used in the commercial deployment of mobile, fixed and nomadic WiMAX networks. All Win-Max products are based on the mobile WiMAX 802.16e Wave 2 (MIMO) profile.

The WiN7200 Pico Base Station is the next generation of mobile WiMAX base stations that will provide dedicated outdoor coverage and in-building services and capacity. The smaller size allows for indoor/outdoor installations making WiMAX available to indoor broadband users. The WiN7200 Pico Base Station will be available for field trials by mid 2008.

“WiNetworks is pleased that our investors support our strategic plans for the development of next generation mobile WiMAX products,” states Mr. Effi Atad, Chairman of WiNetworks Inc., “This round of financing confirms WiNetworks technological leadership in WiMAX developments and will allow WiNetworks to continue in the rapid growth and expansion of the company and our customer base.”

WiNetworks has increased market activities around the world and has opened regional sales offices in Europe and Latin America. These offices will support local customers and installations.

WiNetwork's Win-Max systems offer a full range of products including the Compact Base Station, Pico Base Station, and Customer Premise Equipment (CPEs) Win-Max systems are standards-based products supporting mobile, portable and fixed 802.16e-2005 WiMAX. The Win-Max Family of mobile WiMAX products are available in frequency ranges: standard frequencies 2.XGHz, 3.XGHz, and special frequencies 900MHz, 1.XGHz (L-Band), 5.XGHz.

About WiNetworks
WiNetworks Inc. is an innovative provider of unique WiMAX systems built according to the 802.16e mobile WiMAX standard. WiNetwork's Win-Max™ systems offer a full range of products including the Compact Base Station, Customer Premise Equipment (CPEs), and Relay Stations. Win-Max systems are standards-based products supporting mobile, portable and fixed 802.16e-2005 WiMAX. WiNetwork's offers the Win-Max systems in the 1.X, 2.X and 3.XGHz frequencies including customized solutions for special frequency ranges. WiNetworks was founded in 2002 and is a founding member of the WiMAX Forum and is leading the development of the new 802.16j WiMAX standard for relay technologies. For more information visit www.winetworks.com.