For Further Information Contact:
David Renauld
Vice President, Corporate Affairs
Proxim Wireless
(413) 584-1425
PROXIM WIRELESS STOCK TO TRADE POST-SPLIT
STARTING MONDAY, MAY 17
Silicon Valley, CA, May 14, 2010 – Proxim Wireless Corporation (OTCQX: PRXM), a leading provider of complete indoor and outdoor wireless broadband ecosystems, today announced that the previously-announced reverse one-for-one hundred split of its common stock has been implemented with the Delaware Secretary of State. However, FINRA has informed Proxim that the reverse split will be reflected in the U.S. stock markets at the open of business on Monday, May 17.
On Monday May 17, a “D” will be appended to the end of Proxim’s ticker symbol “PRXM” and will removed twenty business days later.
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 [email protected] or call +1 413-584-1425.