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San Jose, March 31, 2008 — Proxim Wireless Corporation (NASDAQ: PRXM), a leader in core-to-client solutions for broadband wireless networks, today announced that Tata Communications Ltd. has selected Proxim Wireless as its supplier of Mesh and Point-to- Multipoint broadband wireless equipment operating in unlicensed frequency bands.
Tata Communications Ltd., with revenues of $2 billion is part of the $29 billion Tata Group, which has a global presence in more than 200 countries. Tata Communications has built one of the largest Global Tier-1 IP networks in the world.
The service planning team at Tata Communications evaluated a wide selection of broadband wireless products and vendors. The team picked Proxim as its supplier for Mesh and Point to MultiPoint products due to the excellent coverage and manageability of Proxim Wireless equipment.
Tata Communications and Proxim Wireless have collaborated on a number of projects to date including the Manipal Academy of Higher Education, Taj Hotel properties and Mahindra Resorts. Proxim's Point to Multipoint, Mesh and Wi-Fi products were deployed in these projects to deliver video, voice and data over Wi-Fi to the edge of the network. Proxim's dual-radio architecture separates the mesh backbone traffic from the edge access traffic, increasing capacity compared to a single-radio mesh architecture. Proxim's equipment provides both indoor and outdoor wireless coverage, with seamless mobility, at all deployments.
"Tata Communications was looking for a solution where the features and functionality of the equipment were the key criteria for selection. We carefully evaluated a number of potential suppliers and selected Proxim," stated Mr. Shankar Prasad, President, Retail Business Unit at Tata Communications.
"India is a significant growth market for us. Tata Communications is India's largest Tier- 1 IP network provider and we are honoured to have been selected by them as a preferred supplier. Tata's partnership with Proxim will enable voice, video and data applications over a scalable wireless infrastructure" said Pankaj Manglik, President and CEO at Proxim Wireless.
Tata Communications Limited along with its global subsidiaries (Tata Communications) is a leading global provider of the new world of communications. The company leverages its Tata Global Network, vertical intelligence and leadership in emerging markets to deliver value-driven, globally managed solutions to the Fortune 1000 and midsized enterprises, service providers and consumers.
Tata Communications Ltd. is a part of the $29 billion Tata Group; it is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange (NYSE: TCL).
Proxim Wireless Corporation (NASDAQ: PRXM) is a leader in core-to-client solutions for broadband wireless networks. Our systems enable a variety of wireless applications including security and surveillance, VoIP, last mile access, enterprise LAN and PtP backhaul. We have shipped more than 1.5 million wireless devices to more than 200,000 customers worldwide. Proxim is ISO-9001 certified. Information about Proxim can be found at www.proxim.com. For investor relations information, e-mail ir@proxim.com or call +1 408-542-5303.
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 uncertainties as to the extent of any specific equipment purchases or deployments or network expansions in any specific geographic region; delays or changes in or cancellation of planned or possible equipment deployments, network expansions, or service offerings; the amount of equipment that may be purchased under this agreement with Tata Communications given the lack of any specific purchase commitment and conditions to us remaining a preferred supplier to Tata Communications; the extent to which Tata Group and Tata Communications decide to expand the wireless portion of their networks at all or using our products; difficulties in overcoming the network installation and operational challenges relating to any specific customer or geographical area; factors beyond our control such as weather, geographic, governmental, and interference issues; 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 Proxim Wireless Corporation from time to time with the Securities and Exchange Commission and in our other public statements.