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Technology Stocks : Proxim (PROX) - wireless networking products -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (358)	7/10/2003 2:09:10 PM
From: tech101	Respond to of 366

Proxim Joins Board of WiMAX Forum to Promote Interoperable IEEE 802.16 Standards 4/8/03 10:02 AM Source: PR Newswire SUNNYVALE, Calif., April 8 /PRNewswire-FirstCall/ -- Proxim Corporation (Nasdaq: PROX), a leading provider of high-performance wireless local area networking (WLAN) and wireless wide area networking (WWAN) products, today announced it is a principal member of the newly expanded WiMAX Forum and will also have a seat on the board of directors. WiMAX Forum is a nonprofit corporation formed to promote and certify the compatibility and interoperability of devices using the IEEE* 802.16 specifications. "Proxim is a leader in outdoor point-to-multipoint wireless networks and is a strong supporter of industry standards. We expect that WiMAX(TM) will be a positive force for promoting 802.16 standards and industry compatibility with it," said Kevin Duffy, senior vice president and general manager of Proxim's WAN division. "With WiMAX certification, wireless customers can be assured that the 802.16 products they will buy from Proxim adhere to a recognized standard and are interoperable with other 802.16-based solutions." The IEEE 802.16a standard for WirelessMAN(TM), which was completed in January 2003, specifies a common broadband wireless access platform for vendors. Proxim, with WiMAX, will work to promote this standard and will participate in certification programs to ensure compliance with other 802.16 products. Certification will provide assurance to customers that the products they buy offer the price and performance advantages of a standards-based product. Proxim believes this should lead to increasing adoption of wireless broadband solutions, just as the Wi-Fi Alliance has fueled the growth of 802.11 wireless LANs. About Proxim Proxim Corporation is a leader in wireless networking. It is the only company exclusively focused on both high-performance indoor and outdoor wireless networking, with the broadest range of wireless infrastructure and clients products in the world. Proxim's award-winning line of ORiNOCO wireless local area network (WLAN) products support all Wi-Fi standards and provide unsurpassed computing mobility and security. Its line of Tsunami wireless wide area network (WWAN) Ethernet bridges reliably connect networks between locations up to 40 miles apart, and with speeds up to 860 Mbps. The company also makes Lynx, a line of microwave radios used for cellular backhaul. Proxim Corporation was created by the merger of Proxim, Inc. and Western Multiplex Corporation in March 2002. Its web site is www.proxim.com. About WiMAX WiMAX is a nonprofit corporation formed to help promote and certify the compatibility and interoperability of broadband wireless access devices using the IEEE* 802.16 wireless MAN specification and to help accelerate the introduction of these devices into the marketplace. More information is available at www.wimaxforum.org. Safe Harbor This press release includes forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ materially. Statements regarding the expected increased adoption of wireless broadband connectivity, expected benefits of WiMAX and Proxim's membership in the organization are subject to the following risks: that the expected benefits will not be realized by operators; that products will not perform as designed or expected; that products will not be available due to manufacturing or supply issues; that the product will not comply with future standards; that the product pricing will not be competitive as anticipated; and other risks and uncertainties associated with Proxim's business. For additional information regarding risks relating to Proxim's business, see Proxim Corporation's Forms 10-K for the year ended December 31, 2002 and other relevant materials filed by Proxim with the SEC. * Trademarks and brands are property of their respective owners. news.cnet.com