Proxim Wireless

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Proxim Wireless Corporation (NASDAQ: PRXM), is a San Jose, CA-based company that builds scalable broadband wireless networking systems for communities, enterprises, governments, and service providers.It claims to offer WLAN, mesh, point-to-multipoint and point-to-point products through a global channel network. Proxim Wireless is a Principal Member of the WiMAX Forum and is ISO 9001 certified. The company is a wholly owned subsidiary of Terabeam, Inc.

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[edit] Corporate History

Proxim was founded in 1984, initially headquartered in Sunnyvale, California. Proxim, Inc., has more than 20 years of experience in the wireless LAN market.

In 1994, Proxim was first to market with its RangeLAN2(TM) 2.4 GHz frequency hopping wireless LAN product family, which has attracted more than 100 OEMs and wireless solutions providers worldwide. In 1999, Proxim established itself as a leader in the home networking market with Symphony(TM) cordless networking products.

Proxim was a founding member of the Wireless LAN Interoperability Forum (www.wlif.com). Proxim was also a core member of the HomeRadioFrequency Working Group (HomeRF), which was committed to providing a broad range of interoperable cordless consumer devices.

Proxim was at one time the number three player in corporate wireless equipment sales, right behind Cisco Systems and Symbol Technologies, and had a share price as high as $250 in 2000. It has deals with Avaya and Motorola to provide wireless voice services to corporations, and another deal with Intel to make Tsunami products that use WiMAX. Proxim owned the ORiNOCO brand of Wi-Fi equipment which it bought from Agere Systems in 2002, and the Tsunami wide-area wireless equipment which came from a merger with Western Multiplex that same year.

In September 2004, Proxim settled its legal tussle with Symbol Technologies, agreeing to pay $22.75 million, plus a 2 percent royalty on future sales of certain products to Symbol.

Proxim received notification on June 3, 2005 that it faced de-listing from NASDAQ after 30 consecutive days priced below $1 per share. On July 27, 2005, YDI, Inc. acquired the operations of Proxim Corporation from the bankruptcy estate of that company. On November 7, 2005, YDI, Inc., changed its corporate name to Terabeam, Inc. and its ticker symbol to TRBM. On September 10, 2007 Terabeam, Inc. changed its corporate name to "Proxim Wireless Corporation," the current name of its largest operating unit. In connection with the name change, the company also changed its ticker symbol from "TRBM" to "PRXM."

The company has moved its headquarters from Sunnyvale to San Jose, California.

On January 16, 2008, Proxim announced that Pankaj Manglik has been promoted to be the company's President and Chief Executive Officer.

[edit] Product Line

  • Wireless Backhaul
  • WiMax - Tsunami MP.11 and MP.16 series
  • MeshMax - Integrates WiMax, Wi-Fi Mesh and Wi-Fi technologies.
  • Wi-Fi Mesh - Orinoco Wi-Fi Mesh and Public safety Mesh series
  • Wireless LAN - Orinoco series -AP4000, AP700
  • Wireless Network Management System(NMS) - Proxim Vision

[edit] Awards:

  • Best of Comdex 2001,Wireless Networking Systems Category for its Harmony 802.11a Products
  • Leading VARs and Integrators Honor 2002
  • Tsunami QuickBridge Wins Network Computing Editor's Choice Award
  • ORiNOCO AP-2500 wireless LAN access point and gateway Win Best of Comdex in the Enterprise Hardware category
  • Tsunami QuickBridge 60 Wins Network Computing Mobile & Wireless Product of the Year and the 2003 Well Connected Award for Point-to-Point Wireless Bridge
  • Frost & Sullivan Selects Proxim for Product Line Strategy Leadership Award for redefining the standards of Wi-Fi products by providing customized enhancements that meet the ever growing needs of the healthcare community.
  • Proxim Wireless Corporation received the coveted Frost & Sullivan Award for Product Innovation in the field of Scalable Wireless Broadband Systems.
  • Terabeam, Inc. (NASDAQ:TRBM),ranked 390th on Deloitte’s 2006 Technology Fast 500,a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America.

[edit] References links