PROX Proxim (MM)

Leptos Group Chooses Proxim and e*comm to Deliver Broadband Wireless Access to Luxury Real Estate Development Projects and Offices in Cyprus SUNNYVALE, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Proxim Corporation (NASDAQ:PROX), a global leader in wireless networking equipment for Wi-Fi and broadband wireless networks and wireless systems integrator e*comm today announced that the Leptos Group, a leading real estate developer in Southern Europe and the Mediterranean, has successfully deployed Proxim's broadband wireless solutions to deliver Internet access and Voice over IP services to Leptos Group's office buildings, as well as high- speed Internet access to its luxury villas, beach resorts and residential developments in Cyprus. Leptos is also planning to deploy Proxim's Wi-Fi hot spot solutions at its six hotels, serving thousands of tourists, and at four additional offices this year. Leptos is deploying Proxim's Tsunami MP 60 point-to-multipoint products, which offer 54 Mbps throughput, carrier-class reliability, superior wireless security and support for over 1,000 subscribers per base station. The combined throughput and reliability make the Tsunami Multipoint systems perfect for high-performance campus networks and last mile Internet access for densely populated areas. In addition, Leptos will be using Proxim's ORiNOCO access points for public hot spots. "We've been using Proxim's broadband wireless solutions at our offices, luxury villas and residential developments for over a year now and have been extremely impressed with the performance which has delivered 100% up time, and the high level of security, said Lia Athanasiou, CIO, Leptos Group. "By offering wireless high- speed Internet access, we are attracting more customers to our real estate development projects and are also benefiting from superior connectivity and services at our offices." "Real estate development companies like Leptos Group are leveraging the convergence of indoor and outdoor wireless solutions to offer new services to both their employees and customers," said Kevin Duffy, Chief Operating Officer at Proxim. "We are excited to be part of this major project to provide last mile access and public hot spot solutions to tourists, enterprises and residences in Cyprus." About Leptos Group Leptos Group was founded in 1961 when land and construction development in Cyprus was in its infancy. Since that time, the company has developed world-class holiday homes, residential property, hotels and tourist developments. Today, the Leptos Group encompasses over 30 companies, with 1,300 employees and offices in Cyprus, Greece, England, Russia and Germany. About Proxim Proxim(R) Corporation is a global leader in wireless networking equipment for Wi-Fi and broadband wireless networks. The company provides enterprise and service provider customers with wireless solutions for the mobile enterprise, security and surveillance, last mile access, voice and data backhaul, public hot spots, and metropolitan area networks. Product families include the Award-winning ORiNOCO Wi-Fi products, Tsunami Ethernet bridges, and Lynx point-to-point digital radios. Proxim is a principal member of the WiMAX Forum(TM) and a member of the Wi-Fi(R) Alliance. The company is publicly traded on the NASDAQ under the symbol PROX and is on the Web at http://www.proxim.com/. Safe Harbor This press release may contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from Proxim's expectations in these statements. For additional information regarding risks relating to Proxim's business, see Proxim Corporation's Form 10-K for the year ended December 31, 2003 and Forms 10-Q for quarters ended April 2, 2004 and July 2, 2004, Current Reports on Form 8-K, and other relevant materials filed by Proxim with the SEC. Proxim assumes no obligation and does not intend to update these forward-looking statements. DATASOURCE: Proxim Corporation CONTACT: Sylvia Clark of Proxim Corporation, +1-408-542-3357, or ; or Mark Groves, +44 (0) 1784 487 922, or , or Lynn Webster-Scott, +44 (0) 1784 487 922, or , both of Hoffman Europe, for Proxim Corporation Web site: http://www.proxim.com/

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