For Further Information Contact:
Proxim Wireless
David Renauld
Vice President, Corporate Affairs
(413) 584-1425
ir@proxim.com
Proxim Wireless Receives Bank Waiver
Silicon Valley, December 2, 2010 – On November 30, 2010, Proxim Wireless Corporation (OTCQX: PRXM) received a countersigned loan modification document from its lender Bridge Bank, National Association. In that document, Bridge Bank waived the financial covenant default that had arisen during the third quarter of 2010 and received a $5,000 fee.
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.