Ceragon Networks Ranks Second in Israel Technology Fast 50 Program

11/11/2003 - Ceragon Networks Ltd. (NASDAQ: CRNT), a global provider of high-capacity broadband wireless systems, announced that it was awarded second place in the Deloitte & Touche 2003 Israel Technology Fast 50 Program.

The 2003 Israel Technology Fast 50 program ranks Israeli technology companies based upon their percentage growth in revenue between 1998 and 2002. Ceragon Networks received second place, with revenue growth of 4,218 percent. Ceragon was previously awarded first place in Deloitte & Touche’s 2001 Israel Technology Fast 50 Program and was ranked Fifth Fastest Growing Technology Company in the 2001 Deloitte Touche European Technology Fast 500.

"Once again, we at Ceragon are very pleased to be recognized as one of the fastest growing companies in the Israeli technology sector," said Shraga Katz, president and CEO, Ceragon Networks Ltd. "Based on our consistent and impressive revenue growth quarter after quarter, I am confident that 2003 will be a record year for Ceragon and I believe that 2004 will be even better”.

"Achieving spectacular revenue growth over five years, especially during some tough times for the tech industry, is quite an accomplishment for these 50 companies," said Ilan Birnfeld, leader of Deloitte`s Israeli TMT practice. "Their achievements are a tribute to the resilience of the technology sector."

About Ceragon Networks Ltd.
Ceragon Networks Ltd. (Nasdaq: CRNT), a pacesetter in broadband wireless networking systems, enables rapid and cost-effective high-capacity network connectivity for mobile cellular infrastructure, fixed networks and private networks. Ceragon`s modular FibeAir(TM) product family operates across multiple frequencies from 6 to 38 GHz, supports integrated high-capacity services from 155 to 622 Mbps over SONET/SDH, ATM and IP networks, and offers innovative built-in add/drop multiplexing and encryption functionality to meet the growing demand for value-added broadband services. Ceragon`s FibeAir product family complies with North American and international standards and is installed with over 100 customers in more than 45 countries. More information is available at www.ceragon.com

Ceragon Networks,(R) CeraView,(R) and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon(TM), FibeAir(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.

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