Proxim Wireless Emerges as Go-to-Market Brand Following Terabeam Acquisition; Expanded Product Portfolio Introduced Through Prox

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.