David Olson Becomes Proxim's President and Chief Operating Officer.

SAN JOSE, Calif. -- Proxim Wireless Corporation, a global provider of broadband wireless equipment and wholly owned subsidiary of Terabeam, Inc. (Nasdaq: TRBM), today announced that David F. Olson is its President and Chief Operating Officer. As President and COO, Mr. Olson is responsible for worldwide enterprise, carrier, and channel sales as well as manufacturing and technical support and services for the company. He reports to Robert Fitzgerald, Proxim Wireless' Chief Executive Officer.

Mr. Olson joined Terabeam and Proxim Wireless in connection with the acquisition of Proxim Corporation's operations on July 27, 2005. He had held a number of senior management positions with Proxim Corporation beginning in 2003. In late 2002, Mr. Olson served as interim chief operating officer for Danger, Inc. Mr. Olson served as president and chief executive officer of iGO, Inc. during 2002, leading that company's restructuring and eventual acquisition. He also held executive positions with Sky Stream Networks, Avid Technologies, and Sun Microsystems. Mr. Olson earned his MBA from Harvard University Graduate School of Business Administration and bachelors and masters degrees from the University of Minnesota.

"I am excited by the opportunities presented by this expanded position," Mr. Olson stated. "I look forward to working with the rest of the Proxim Wireless team and our partners to continue to make our company a success."

Robert Fitzgerald stated, "David has the right skills at the right time for the success of our company. I look forward to continuing to work with him."

About Proxim Wireless

Proxim Wireless Corporation is a wholly owned subsidiary of Terabeam, Inc. (NASDAQ: TRBM). Proxim Wireless 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. Information about Proxim and its products and support can be found at http://www.proxim.com.

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