Axis Network Technology Changes Company Name to AceAxis and

Develops In-House Manufacturing

Following its acquisition by Ace Technology Corporation in May 2010, Axis Network Technology, a leading supplier of Remote Radio Head technology for 4G telecom networks, announced today that it has changed its name to AceAxis Ltd. The company is simultaneously announcing its plans to develop manufacturing plants in Korea and elsewhere in Asia.

The move reflects the additional resources available to AceAxis Ltd since its acquisition by Ace Technology Corp. The first manufacturing plant is planned to open in Korea in 2011 with additional plant in China and India in 2012. When combined with the continued use of AceAxis outsourced EMS, these developments will give the company’s Tier One OEM customer base full confidence in the quality and continuity of supply of high volumes of Remote Radio Heads.

AceAxis is an innovating pioneer in Remote Radio Head technology and a leading supplier of WiMAX and TD-LTE equipment. It is currently developing a new generation of Remote Radio Heads as well as expanding its TD-LTE and FDD LTE product ranges. These 4G technologies are enabling OEMs to help Telecom operators meet the growing demand for mobile wireless broadband services such as those demanded by smart phones, notepads and laptops.

“Today’s unveiling of the AceAxis branding reflects our new position in the hierarchy of 4G infrastructure technology companies” says CEO Simon Mellor. “I’m delighted we are able to leverage Ace Technology’s global scale manufacturing capability in addition to our existing high quality EMS. We’re now part of a much bigger organisation and have the resources to match. We’re expanding our workforce rapidly and have the additional resource of AceWTL (formerly Nortel’s Wireless Technology Laboratories) for R&D as well as Ace Technology’s financial stability. So it makes fundamental sense to change our name to reflect that new status.”

AceAxis Ltd continues to be registered in the UK and all its trading relationships are unaffected by the change of name.

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Contact details: AceAxis Ltd

Drew Durning

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Phone: +44 1296 768207

Web: www.aceaxis.co.uk

About AceAxis Ltd

AceAxis is a leading vendor of platform based, software defined Remote Radio and compact BTS products to globally based OEMs. Its products are used in the deployment of wireless broadband (WiMAX and LTE) networks worldwide, enabling the next generation of mobile data and voice technologies.

AceAxis produces 2x2, 4x4 MIMO and 8x8 Smart Antenna Remote Radio Heads and the innovative multimode software that drives them. These are already enabling WiMAX services to be delivered in the USA, Asia and Europe. The company is also heavily involved in the first trials of LTE networks that will bring 4G mobile technology to the world.

Products from AceAxis provide world leading ‘green’ system efficiency that help network operators to dramatically reduce base station and network power consumption. Its innovative multimode platform can carry today’s voice technology and tomorrow’s data technology simultaneously allowing new 4G systems to extend the life of traditional 2G and 3G voice based solutions.

AceAxis is an Ace Technology company. Further details available at www.aceteq.co.kr