Terabeam to Present at ThinkEquity Partners Growth Conference

Terabeam, Inc. (NASDAQ:TRBM), a leading developer and
supplier of broadband wireless solutions, today announced that Robert
Fitzgerald, Chief Executive Officer, will be presenting at the
upcoming ThinkEquity Partners 4th Annual Growth Conference at the
Ritz-Carlton Hotel in San Francisco, California on Thursday, September
14, 2006 at 8:30 a.m. Pacific Time.
   Mr. Fitzgerald's presentation will be webcast live, and a replay
will be available for approximately 90 days. The webcast can be
accessed from Terabeam's website at http://www.terabeam.com.

   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 [e-mail].

   Safe Harbor Statement

   Statements in this press release and in Mr. Fitzgerald's
presentation 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; time and costs associated with developing and launching
new products; uncertainty about market acceptance of products we
introduce; potential long sales cycles for new products such that
there may be extended periods of time before new products contribute
positively to our financial results; time, costs, political
considerations, typical multitude of constituencies, and other factors
involved in evaluating, equipping, installing, and operating municipal
networks; 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;
Terabeam's acquisition of Proxim Corporation's operations, assets, and
relationships; and the impacts and effects of any other 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.