Tranche Update on Alvarion Ltd. (OTCPK:ALVR.Q)'s Equity Buyback Plan announced on July 30, 2008.

Alvarion Ltd is an Israel-based company engaged in the design, development, manufacturing and marketing of wireless products. It focuses on two line of business: the carriers line of business, which includes operators, broadband service providers, competitive local exchange carriers and regional carriers, and the enterprise line of business, which includes government authorities, municipalities, and wireless Internet service providers with integrated end-to-end networks and solutions based on the worldwide interoperability for microwave access standard, as well as other wireless broadband solutions. Solutions for carriers include providing subscribers with home, office and personal broadband connectivity for Internet access, social networking, gaming, voice over Internet protocol, video and other bandwidth-intensive applications. The Company's ultimate parent is Supercom Ltd.