Proxim Wireless Announces Management Changes

For Further Information Contact:

Proxim Wireless

David Renauld

Vice President, Corporate Affairs

(413) 584-1425

ir@proxim.com

Proxim Wireless Announces Management Changes

Pankaj Manglik Resigns as CEO; Company Appoints Michael Sophie Interim President and CEO

Silicon Valley, September 15, 2010 – Proxim Wireless Corporation (OTCQX: PRXM) today announced that Pankaj Manglik has tendered his resignation as President and Chief Executive Officer of Proxim and a member of the Proxim Board of Directors effective September 30, 2010.  The Company also announced today that it has appointed Michael J. Sophie as Proxim’s Interim President and Chief Executive Officer commencing October 1, 2010.

Mr. Sophie has over 25 years of comprehensive executive, operational, finance, and accounting experience with public and private technology companies.  Mr. Sophie has served in senior executive and finance positions at UTStarcom, P-Com, and Loral Fairchild and on the boards of directors of numerous public and private companies.

In addition, Mr. Sophie has served in the Office of the President of Proxim advising the company in a number of areas since December 2006 and therefore is well acquainted with Proxim.  He has already begun assisting with transitional issues.

“Pankaj has been a strong and effective leader at Proxim and has positioned the company well for success,” said Alan Howe, Proxim’s Chairman of the Board.  “Among his many accomplishments are turning the revenue trend around with the three most recent consecutive quarters having increasing revenues, establishment of a vibrant and productive design center in India, and the introduction of numerous new products that have quickly become significant contributors to Proxim’s overall revenue.  We thank Pankaj for his many contributions and wish him well in his future endeavors.”

Mr. Howe continued, “We are extremely pleased to have an executive with Mike’s history of successes available to take over the CEO role.  Mike has been a valuable asset to Proxim over the last three years, and we look forward to benefiting from his involvement during this transition.”

“My years at Proxim have been very rewarding, and I have had the pleasure of working with an extremely talented group of employees in creating cutting-edge broadband wireless products,” said Pankaj Manglik.  “Even in very challenging global economic conditions, we were able to grow revenues while reducing expenses and increasing gross margins.  We have introduced multiple new products across our broad product portfolio with many of those products quickly achieving market acceptance and contributing substantially to our company revenue.  Mike Sophie has been involved in those successes, and the company is fortunate to have Mike step in as interim CEO.  I look forward to working shoulder to shoulder with Mike during this transition process.”

Proxim’s Board of Directors has established a Search Committee to evaluate new CEO candidates and expects to move aggressively to fill the position.

About Mike Sophie

Michael J. Sophie has over 25 years of comprehensive executive, operational, finance, and accounting experience with public and private technology companies.  Since May 2006, Mr. Sophie has served on the Boards of numerous public and private companies and has provided advisory services to a variety of technology companies including Proxim.  Mr. Sophie currently is a member of the Board of Pericom Semiconductor (a NASDAQ listed company) and several private companies.  He was previously employed at UTStarcom, Inc., a global seller of telecommunications hardware and software products, serving as chief financial officer from August 1999 through August 2005, and as chief operating officer from June 2005 through May 2006.  Previously, Mr. Sophie held executive positions at P-Com, Inc., a developer of network access systems, from August 1993 to August 1999, including Vice President Finance, Chief Financial Officer and Group President.  From 1989 through 1993, Mr. Sophie was Vice President of Finance at Loral Fairchild Corporation, a unit of Loral, a defense electronics and communications company.  He holds a B.S. from California State University, Chico and an M.B.A. from the University of Santa Clara.  On May 1, 2008, the SEC issued an order in which UTStarcom, its then Chief Executive Officer, and Mr. Sophie, its former Chief Financial Officer, were ordered to cease and desist from causing or committing violations of federal securities laws described in the order.  These laws require filing accurate periodic reports with the SEC, making and keeping accurate books and records, devising and maintaining adequate internal accounting controls, and accurately providing the officer’s certification that must accompany a publicly traded company’s periodic reports.  The order stated that the two individuals failed to implement and maintain adequate internal controls and falsely certified that UTStarcom’s financial statements and books and records were accurate, as more fully set forth in the order.  Mr. Sophie agreed to pay a civil fine of $75,000 and consented to the order without admitting or denying the findings (other than SEC jurisdiction).  The order did not prevent Mr. Sophie from serving as an officer or director of a publicly traded company.

For his service as Office of the President, Proxim paid Mr. Sophie $69,552 in 2009 and $76,465 in 2008.  Mr. Sophie currently has options to purchase 200 shares of Proxim’s common stock at an exercise price of $226.00 per share.

Mr. Sophie signed a new letter employment agreement with Proxim in connection with his becoming Proxim’s Interim President and Chief Executive Officer.  He may also serve in similar positions for Proxim’s selected subsidiaries.

In that role, Mr. Sophie will report to Proxim’s Board of Directors.  His principal office location will be at Proxim’s headquarters in Milpitas, California, but he may be expected to travel from time to time.  Mr. Sophie will receive a base salary of $22,500 per month.  Mr. Sophie is eligible to receive a bonus based on Proxim’s consolidated fourth quarter 2010 revenue.  Mr. Sophie is also entitled to participate in Proxim’s normal benefit programs.  Mr. Sophie has signed our standard employee agreement for confidential and proprietary information, intellectual property, non-competition, and non-solicitation.

The letter agreement generally is expected to remain in effect until December 31, 2010 but Mr. Sophie’s employment remains at-will and may be terminated earlier and his employment as Interim President and Chief Executive Officer may continue beyond December 31, 2010 as mutually agreed by Mr. Sophie and Proxim.

About Proxim Wireless

Proxim Wireless Corporation (OTCQX: PRXM) provides Wi-Fi®, WiMAX, Point-to-Multipoint and Point-to-Point Backhaul technologies for a complete indoor and outdoor wireless broadband ecosystem. Our systems enable service providers, governments and enterprises to deploy fixed and mobile security and video surveillance, indoor and outdoor Wi-Fi, business and residential internet access and cell tower backhaul. Proxim has shipped more than 2 million wireless devices to more than 250,000 customers in over 65 countries worldwide. Proxim is ISO 9001-2008 certified. For more information, visit www.proxim.com. For investor relations information, e-mail ir@proxim.com or call +1 413-584-1425.

Safe Harbor Statement

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 reactions by employees, customers, suppliers, investors, and others to the management transitions described in this release; the timing and selection of a permanent president and chief executive officer; our ability to finance and sustain operations; our ability to achieve profitability despite historical losses; the global economic climate and demand and funding for broadband wireless products in general; 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 Proxim’s actual results is and will be contained in the filings made by Proxim with the OTCQX (available at www.otcqx.com), including without limitation in the Annual Report filed by Proxim on March 30, 2010, and in its other public statements, which may be available on Proxim’s website (www.proxim.com).