Proxim Wireless Emerges as Go-to-Market Brand Following Terabeam Acquisition; Expanded Product Portfolio Introduced Through Prox
August 29 2005 - 8:55AM
Business Wire
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.
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