YDIW Ydi Wireless (MM)

Proxim Wireless Corporation, a San Jose-based leading provider of broadband wireless equipment and wholly owned subsidiary of Terabeam Wireless (Nasdaq:YDIW), today announced that, with Terabeam's acquisition of substantially all assets of Proxim Corporation now completed, the company will operate under the new name of Proxim Wireless. Proxim Wireless will begin today to launch an expanded portfolio of broadband wireless LAN, point-to-multipoint and point-to-point solutions through the Proxim worldwide distribution channel. Proxim Wireless' expanded product portfolio includes: -- ORiNOCO(R) products - turnkey wireless LAN solutions including indoor and outdoor access points, PC client cards, municipal-grade mesh networking and 4.9 GHz public safety band systems; -- EtherAnt products -- the 802.11b FCC-certified client product that includes an antenna and radio integrated in a cost-optimized unit featuring true plug-and-play installation; -- Tsunami(R) products -- industry-leading point-to-multipoint and point-to-point products for voice, video, and data access and backhaul; -- TeraBridge(TM) 5345 (5.3GHz) and 5845 (5.8GHz) products -- point-to-point, high capacity, all outdoor radios optimized for backhaul of Ethernet or traditional telecommunications converged voice and data networks; -- GigaLink(R) products -- offering highly reliable 60 GHz point-to-point outdoor links at 100 Mbps, 155 Mbps, 622 Mbps and Gigabit Ethernet (1Gbps); -- TeraOptic(TM) products -- the latest in a line of high-bandwidth, carrier-grade systems that operate via free-space optics; and -- Lynx(R) products - carrier-class cellular voice backhaul for the edge of operators' networks. Global availability of these products will be subject to local regulations and certification procedures. "Proxim's brand name and distribution channel are recognized around the globe, and we are building on these strengths with an expanded product portfolio to enable our partners to pursue new revenue opportunities," said Robert Fitzgerald, Chief Executive Officer of Proxim Wireless. "Customers can expect to see even more benefits from our combined company as we continue to expand our portfolio of best-of-breed wireless solutions in virtually every arena, from Wi-Fi through wireless Gigabit Ethernet." "The addition of Terabeam solutions to the Proxim line of products enables Tech Data to broaden our specialized wireless product offering. In addition, the new products strengthen the Proxim brand and demonstrate their ongoing commitment to the IT channel," said Bob O'Malley, senior vice president, U.S. Marketing for IT products distributor Tech Data Corporation. "Leading vendors like Proxim enable us to provide resellers with the latest technology they need to successfully capitalize on the growing demand for wireless networking solutions. Our extensive networking line card, as well as our dedicated networking expertise, led to Tech Data's Networking Division recently being recognized as the best-performing and resellers' most-preferred source, according to the 2005 CRN Sourcing Study." About Proxim Wireless Proxim Wireless Corporation is a wholly owned subsidiary of Terabeam Wireless (corporate name: YDI Wireless, Inc. - NASDAQ:YDIW). Proxim Wireless is a global leader, providing Wi-Fi and broadband wireless solutions to meet the performance, scalability and security requirements of enterprises, government and service providers. Information about Proxim and its products and support can be found at http://www.proxim.com. Safe Harbor Statement Statements in this press release that are not statements of historical facts, including statements about the Proxim Wireless product portfolio and channels of distribution, are forward-looking statements that involve risks, uncertainties, and assumptions. Our actual results may differ materially from the results anticipated in these forward-looking statements. The forward-looking statements involve risks and uncertainties that could contribute to such differences including those relating to the downturn and ongoing uncertainty in the telecommunications industry and larger economy; the intense competition in our industries and resulting impacts on our pricing, gross margins, and general financial performance; difficulties or delays in developing and supplying new products with the contemplated or desired features, performance, cost, price, and other characteristics; risks arising from and relating to Terabeam Wireless' recent acquisition of Proxim Corporation's operations, assets, and relationships; and the impacts and effects of any other strategic transactions we may evaluate or consummate. Further information on these and other factors that could affect our actual results is and will be included in filings made by Terabeam Wireless from time to time with the Securities and Exchange Commission and in our other public statements.