"These directors bring tremendous talent and experience to help guide the new Proxim," said Jonathan N. Zakin, chairman and chief executive officer. "This board will help us build on the company's combined strengths and maximize our opportunities. The strength of this board is representative of the way we are shaping this new company for growth and success in the future."

A short biography of each of the directors named to the new board follows:

Michael Boskin, 54, is T. M. Friedman Professor of Economics and Senior Fellow, Hoover Institution, Stanford University. He is also Adjunct Scholar, American Enterprise Institute; and Research Associate, National Bureau of Economic Research, and a member of the Panel of Advisers to the Congressional Budget Office. In addition, he has served as Chairman of the Congressional Advisory Commission on the Consumer Price Index and advisor to Congressional committees, the Treasury and the Federal Reserve. He is a director of ExxonMobil Corporation, Oracle Corporation, and Vodafone PLC, and is a consultant to numerous other businesses and government agencies. He served as Chairman of the President's Council of Economic Advisers (CEA) from 1989 to 1993.

Dr. Boskin received PhD., M.A. and B.A. degrees from the University of California at Berkeley. Dr. Boskin served on the board of directors of Western Multiplex Corporation prior to the merger.

Merle Gilmore, 54, is president of consulting and investment company LKR Technology Partners. He spent 30 years at Motorola Inc., where he held several leadership positions in the company's telecommunications businesses. He also led Motorola's acquisition of General Instruments and was president of Europe, Middle East and Africa. Mr. Gilmore is on the Board of Directors of Denon, Ltd., the consumer electronics company, and will serve as interim Chairman of the Board of D&M Holdings, Inc., a consumer electronics company resulting from the pending merger of Denon, Ltd. and Marantz, Inc. He received a B.S.E.E. from the University of Illinois and M.S.E.E. from Florida Atlantic University.

David C. King, 42, is president and chief operating officer of Proxim Corporation. Prior to the merger, Mr. King served as chairman, president and CEO of Proxim, Inc. When Mr. King joined Proxim in 1992, he served as vice-president of marketing and acting chief financial officer for Proxim. Mr. King came to Proxim from Vitalink Communications Corporation, a LAN internetworking subsidiary of Network Systems Corporation, where he served as vice-president of marketing and general manager of customer service. Mr. King has also held senior management positions within the high technology and healthcare practices of McKinsey & Company, Inc. He received B.A., J.D. and M.B.A. degrees from Harvard University.

Jeffrey D. Saper, 54, is a corporate partner in the firm of Wilson Sonsini Goodrich & Rosati, the largest law firm in the Silicon Valley specializing in high technology and emerging growth companies. He is a member of the firm's Executive Management Committee and Policy Committee. He received B.A. and J.D. degrees from New York University. Mr. Saper was a director of Proxim, Inc. prior to the merger.

Ken Westrick, 44, has more than 20 years of management experience at communications and computer companies. From 1997 through 2001, he was president and chief executive officer of New Focus, a supplier of fiber optic components. Mr. Westrick led New Focus through its transformation from a small private start-up company to a significant publicly held company. Prior to New Focus, Mr. Westrick spent nine years at Cornerstone Imaging where he held positions such as senior vice-president, general manager of the display division and managing director of Europe. He received a B.A. from Northwestern University and an M.B.A. from Stanford University.

Joseph R. Wright Jr., 63, is president and chief executive officer of PanAmSat Inc., one of the world's largest providers of global satellite-based communications services. Previously, Mr. Wright was Vice Chairman of Terremark Worldwide, a developer and operator of network access points (NAP's) in the U.S. and Brazil. He was also Chairman and Director of GRC International, a public company providing advanced IT, Internet and software technologies to government and commercial customers. Mr. Wright was director of the Federal Office of Management and Budget and a member of the President's Cabinet during the Reagan Administration from 1982 to 1989 and deputy Secretary of Commerce from 1981 to 1982. He previously held positions as president of two of Citibank's subsidiaries and as a partner of Booz Allen and Hamilton. He received a B.S. in Professional Engineering from the Colorado School of Mines and an M.I.A. from Yale University.

Jonathan N. Zakin, 52, is chairman and chief executive officer of Proxim Corporation. Previously, Mr. Zakin served as chairman and CEO of Western Multiplex Corporation. Mr. Zakin also served as executive vice-president, strategy and business development and member of the board of directors at U.S. Robotics. He guided U.S. Robotics into new and important communications markets by negotiating and completing several successful acquisitions, including Palm Computing, Inc., and Megahertz Corporation. Mr. Zakin has held executive management positions, both domestically and internationally, with Winterhalter, Inc., Cosma International, Brisk and Kindle, and J. Henry Schroder Corp. He received a B.A. from New York University and an M.B.A. from Harvard University.

     About Proxim
     Proxim Corporation, the company created by the merger between Proxim, Inc. and Western Multiplex Corporation, is a leading manufacturer of wireless networking equipment, securely connecting networks within buildings as well as between locations. Proxim's complete line of high-speed fixed wireless solutions and wireless local area networks (LANs) provide enterprises, service providers and consumers with unprecedented network capacity and mobility. Primary applications for the company's products include mobile/wireless backhaul, fiber extension/redundancy, enterprise/campus LAN bridging, in-building LANs, last mile access and small office and home networking.

    For the Proxim Corporation Investor Information Service, call toll free at 877-996-8947. The company's website is http://www.proxim.com/newproxim.

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Contact: 
Karen Novak
Proxim Corporation
408-542-5282
Website: http://www.proxim.com/