SOURCE: Proxim Wireless

February 19, 2007 10:00 ET

Proxim Wireless Announces New Development Center in India to Support Escalating Market Growth and Product Demand

Expanded Operations in Hyderabad Serve Key Customers and Accelerate Company's Wi-Fi® Mesh, WiMAX and MeshMAX™ Product Development

SAN JOSE, CA and HYDERABAD, INDIA -- (MARKET WIRE) -- February 19, 2007 -- Proxim Wireless Corporation, a global pioneer of end-to-end solutions in Wi-Fi® mesh, WiMAX, MeshMAX™, WLAN, and wireless backhaul and wholly owned subsidiary of Terabeam, Inc. (NASDAQ: TRBM), today announced that it has opened a new facility in Hyderabad, India to accelerate the development and deployment of its Wi-Fi mesh, WiMAX, and MeshMAX™ product lines and to support its burgeoning Indian customer base.

"With the opening of our new development center in Hyderabad, we are reinforcing our commitment to our customers in India and strengthening our presence in the region," said Pankaj Manglik, President and Chief Operating Officer, Proxim Wireless. "The Center is a key component of our global strategy to drive the local development and delivery of our industry-leading products, to provide unmatched support to our customers in India who are deploying them, and to serve as an incubator for continued wireless development."

Proxim Wireless chose Hyderabad, the fifth largest city in India, as the location for its new Center because it is the emerging IT hub in India and, as such, gives the company access to the area's highly skilled and cost-effective technology workforce. Kishore Gandham, a company veteran, has relocated from Proxim headquarters to Hyderabad and is heading up Center operations. The Center is expected to grow to a staff of 60 employees by the end of the year.

About Proxim Wireless

Proxim Wireless Corporation is a wholly owned subsidiary of Terabeam, Inc. (NASDAQ: TRBM). Proxim Wireless is a global pioneer in developing and supplying scalable broadband wireless networking systems for service providers, municipalities, governments, and enterprises. The company's end-to-end wireless products -- including Wi-Fi® mesh, WiMAX, MeshMAX™, WLAN, and wireless backhaul -- are available through an extensive global channel network, backed by world-class support. Proxim is a Principal Member of the WiMAX Forum and is ISO-9001 certified. 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 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 whether or not Proxim will establish additional development, delivery, or support centers in any other regions of the world; whether or not Proxim will grow the Indian design center as currently contemplated; reactions, either positive or negative, of investors, competitors, customers, suppliers, employees, and others to the India design center; and difficulties or delays in supplying products with the features, performance, compliances, certifications, cost, price, and other characteristics desired by customers. Further information on these and other factors that could affect our actual results is and will be included in filings made by Terabeam from time to time with the Securities and Exchange Commission and in our other public statements.

Contact Information

  • Contact Information:
    Pamela Valentine
    Director, Marketing Communications
    Proxim Wireless
    +1 408 731-2610
    Email Contact

    David L. Renauld
    Investor Relations
    Proxim Wireless
    +1 413 584-1425
    Email Contact