FAQs

In what state and what year was Proxim, Inc. incorporated?

Proxim, Inc. was incorporated as a Delaware corporation on May 5, 2003. Prior to November 7, 2005, its corporate name was YDI Wireless, Inc.

What is Proxim’s history?

Proxim, originally called YDI Wireless, Inc., then Terabeam, resulted from the merger consummated on April 1, 2003 between Telaxis Communications Corporation and Young Design, Inc. Telaxis was a publicly traded company that focused on developing high capacity millimeter wave wireless products. Young Design was a privately held company that developed, produced, and sold wireless data products, primarily in microwave frequencies. On May 14, 2004, YDI acquired KarlNet, Inc., a pioneer and leader in software development for operating and managing wireless networks. On June 22, 2004, YDI acquired Terabeam Corporation. Terabeam was a provider of broadband wireless solutions that extended and optimized carrier and enterprise networks using high frequency millimeter wave (60 GHz radio frequency) and free space optics (invisible light beam) technologies. Based on Terabeam’s high level of positive name recognition, in mid-August 2004, YDI decided to adopt the name “Terabeam Wireless” for its go to market strategy. On June 25, 2004, YDI acquired Ricochet Networks, Inc., a leading mobile Wireless Internet Service Provider (WISP) headquartered in Denver, Colorado. On July 27, 2005, YDI acquired the operations of Proxim Corporation, a leading provider of in wireless networking equipment for Wi-Fi and broadband wireless networks. On November 7, 2005, YDI changed its corporate name to Terabeam, Inc. and its ticker symbol to TRBM. On July 31, 2007, Civitas Wireless Solutions, LLC, acquired the Ricochet wireless network and operations for the greater Denver metropolitan area from Ricochet Networks, Inc. In September 2007, Terabeam, Inc. changed its name to Proxim Wireless Corporation and its ticker symbol to PRXM.

Where are Proxim’s facilities?

Our headquarters are located in San Jose, California. Proxim Wireless also has numerous sales and support offices both in the United States and internationally.

How many employees does Proxim have?

As of March 29, 2006, we had approximately 263 employees (including employees of our subsidiaries).

Where is Proxim’s common stock traded?

Proxim’s common stock is traded on the NASDAQ Capital Market.

What is Proxim’s ticker symbol?

Our ticker symbol is "PRXM."

What is the CUSIP for Proxim’s common stock?

The CUSIP for Proxim’s common stock is 88077B 10 8.

How does one buy Proxim stock?

Our stock can be purchased through a stockbroker or other financial institution.

Can stock be purchased directly from Proxim?

We do not currently offer a dividend reinvestment program or a direct stock purchase plan to the public.

How many outstanding shares of Proxim common stock are there?

As of May 31, 2007, there were approximately 21.55 million shares of our common stock outstanding.

What is Proxim’s float?

As of May 31, 2007, our float was approximately 19.20 million shares. When we use the term float, we are referring to our freely tradeable outstanding common stock less the shares of our common stock held by our 10% stockholders, directors, and officers.

Who are Proxim’s major stockholders?

The table below shows our major stockholders that we believe own more than 10% of our stock as of May 31, 2007, the approximate number of shares held, and the approximate percent of our total outstanding shares held.

Name of Stockholder Number of Shares Held Percent of Outstanding Shares
Robert E. Fitzgerald 2.35 million 11%

Who are the members of Proxim’s Board of Directors?

The members of our board of directors are Daniel A. Saginario (Chairman), Robert E. Fitzgerald, Alan B. Howe, Pankaj Manglik, John Gerdelman, Robert A. Wiedemer, J. Michael Gullard.

Who are the members of Proxim’s senior management?

The members of our senior management and their positions are shown below:

Who are Proxim’s independent accountants?

Our independent accountants are Fitzgerald, Snyder & Co., P.C. in McLean, Virginia.

Who do I contact regarding a lost Proxim stock certificate or change of address?

Please contact our transfer agent, Registrar and Transfer Company (see below).

How do I contact Proxim’s transfer agent?

You may contact our transfer agent as follows: Registrar and Transfer Company, 10 Commerce Drive, Cranford, NJ, 07016, Phone: (800) 368-5948.

When does Proxim’s fiscal year end?

Our fiscal year ends on December 31.

Who should I contact for answers to other questions about Proxim?

For answers to questions that are not listed here, contact our Investor Relations Department by email at IR@Proxim.com or by calling (408) 731-2610.