TRBM Terabeam (MM)

Terabeam, Inc. (NASDAQ:TRBM), a leading developer and supplier of broadband wireless solutions, today announced that it ranked 390th on Deloitte�s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. Terabeam grew 312 percent during this period. Terabeam�s CEO, Robert Fitzgerald, credits growth in the markets in which Terabeam operates, as well as organic growth and growth from strategic acquisitions, for the company�s 312 percent revenue growth over the past five years. He said, �Our ranking in the Deloitte Fast 500 underscores the growth that has made us both a leader in the wireless markets we serve and a long-term partner for municipalities, service providers, and enterprises seeking solutions for fixed and mobile wireless applications. We are proud to receive this recognition for our strong consistent performance and remain committed to our customers� continued success.� �Making Deloitte�s Fast 500 is commendable in today�s highly competitive technology industry,� said Tony Kern, deputy managing principal of Deloitte�s Technology, Media & Telecommunications industry practice. �We congratulate Terabeam on being one of the 500 fastest growing technology companies in America.� Fast 500 Selection and Qualifying Criteria The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte�s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001-2005. Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company�s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies� technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in a business a minimum of five years, and they must be headquartered in North America. About Terabeam Terabeam, Inc. has two primary subsidiaries Proxim Wireless Corporation and Ricochet Networks, Inc. Proxim Wireless Corporation is a global leader in providing mesh, WiMAX, Wi-Fi, and other broadband wireless solutions to meet the performance, scalability, and security requirements of enterprises, government, and service providers. Ricochet Networks, Inc. is a leading portable Wireless Internet Service Provider (WISP) with operational markets in Denver, Colorado and San Diego, California. Additional information about the company can be found at the company's website located at http://www.terabeam.com or by contacting the company by telephone at 413-584-1425 or by email at IR@terabeam.com. Safe Harbor Statement Statements in this press release that are not statements of historical facts are forward-looking statements that involve risks, uncertainties, and assumptions. Terabeam�s 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 and arising from the 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, compliances, certifications, cost, price, and other characteristics and at the times and in the quantities contemplated or desired; the difficulties in predicting Terabeam�s future financial performance; and the impacts and effects of any strategic transactions Terabeam may evaluate or consummate. Further information on these and other factors that could affect Terabeam�s actual results is and will be included in filings made by Terabeam from time to time with the Securities and Exchange Commission and in its other public statements. Terabeam, Inc. (NASDAQ:TRBM), a leading developer and supplier of broadband wireless solutions, today announced that it ranked 390th on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. Terabeam grew 312 percent during this period. Terabeam's CEO, Robert Fitzgerald, credits growth in the markets in which Terabeam operates, as well as organic growth and growth from strategic acquisitions, for the company's 312 percent revenue growth over the past five years. He said, "Our ranking in the Deloitte Fast 500 underscores the growth that has made us both a leader in the wireless markets we serve and a long-term partner for municipalities, service providers, and enterprises seeking solutions for fixed and mobile wireless applications. We are proud to receive this recognition for our strong consistent performance and remain committed to our customers' continued success." "Making Deloitte's Fast 500 is commendable in today's highly competitive technology industry," said Tony Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "We congratulate Terabeam on being one of the 500 fastest growing technology companies in America." Fast 500 Selection and Qualifying Criteria The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001-2005. Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in a business a minimum of five years, and they must be headquartered in North America. About Terabeam Terabeam, Inc. has two primary subsidiaries Proxim Wireless Corporation and Ricochet Networks, Inc. Proxim Wireless Corporation is a global leader in providing mesh, WiMAX, Wi-Fi, and other broadband wireless solutions to meet the performance, scalability, and security requirements of enterprises, government, and service providers. Ricochet Networks, Inc. is a leading portable Wireless Internet Service Provider (WISP) with operational markets in Denver, Colorado and San Diego, California. Additional information about the company can be found at the company's website located at http://www.terabeam.com or by contacting the company by telephone at 413-584-1425 or by email at IR@terabeam.com. Safe Harbor Statement Statements in this press release that are not statements of historical facts are forward-looking statements that involve risks, uncertainties, and assumptions. Terabeam's 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 and arising from the 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, compliances, certifications, cost, price, and other characteristics and at the times and in the quantities contemplated or desired; the difficulties in predicting Terabeam's future financial performance; and the impacts and effects of any strategic transactions Terabeam may evaluate or consummate. Further information on these and other factors that could affect Terabeam's actual results is and will be included in filings made by Terabeam from time to time with the Securities and Exchange Commission and in its other public statements.