YDI Wireless to Change Corporate Name to Terabeam, New Ticker Symbol To Be ''TRBM''

Terabeam Wireless, the business name of YDI Wireless,
Inc. (NASDAQ:YDIW), a leading developer and supplier of broadband
wireless solutions, today announced that it will change its corporate
name to "Terabeam, Inc."
   In connection with that name change, the company will also change
its ticker symbol from "YDIW" to "TRBM." The company's stock will
continue to trade on the Nasdaq Capital Market.
   These changes will be made prior to the open of markets on Monday,
November 7, 2005. The company will continue to be known as YDI
Wireless, Inc. and its ticker symbol will remain "YDIW" through the
close of markets on Friday, November 4, 2005.
   The company's capital stock and business and operations will not
be affected by this name change. Terabeam will continue to be the
publicly-traded parent company with two primary operating subsidiaries
- Proxim Wireless Corporation and Ricochet Networks, Inc. The company
conducts its wireless equipment business through Proxim Wireless
Corporation and its wireless service provider business through
Ricochet Networks. The equipment business of Proxim Wireless
Corporation is the combination of the business acquired from Proxim
Corporation and the former YDI Wireless equipment business.
   No vote of the company's stockholders is necessary in connection
with these changes. The company's stockholders will not be required to
exchange their YDI Wireless stock certificates for Terabeam stock
certificates. The YDI Wireless stock certificates will continue to
represent shares of stock of the company. Stockholders who receive
stock certificates after November 7 will receive new Terabeam stock
certificates. After November 7, stockholders with YDI Wireless stock
certificates may exchange those certificates for Terabeam stock
certificates through the company's transfer agent, Registrar and
Transfer Company, if they so desire.
   "The name Terabeam has always signified a company which will
revolutionize communications through next-generation technology," said
Robert Fitzgerald, Chief Executive Officer. "This company is
fulfilling that vision via the broadest portfolio of wire-free
technologies in the industry -- including Wi-Fi, WiMAX, mesh,
millimeter wave, and free-space optics -- while also delivering
results to maximize shareholder value."

   About YDI Wireless / Terabeam

   YDI Wireless, Inc. has been using Terabeam Wireless as a business
name. The company's subsidiary Proxim Wireless Corporation is a global
leader in providing Wi-Fi and other broadband wireless solutions to
meet the performance, scalability, and security requirements of
enterprises, government, and service providers. The company's
subsidiary Ricochet Networks, Inc. is a leading portable Wireless
Internet Service Provider (WISP) with operational markets in Denver
and Aurora, 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 that are not statements of
historical facts are forward-looking statements that involve risks,
uncertainties, and assumptions. Terabeam Wireless' 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 Terabeam Wireless' industries and resulting impacts on
its pricing, gross margins, and general financial performance;
difficulties in predicting Terabeam Wireless' future 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
Terabeam Wireless' 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 its other public statements.