Terabeam placed at number 175 on the NW 200 list. In an article published on April 24, Terabeam Grabs Fastest-Growth Spots, Terabeam was cited in the first or second position on all three of Network World's "fastest-growing charts." The company was No. 1 for five-year revenue growth (136%), No. 2 for one-year revenue growth (157%), and No. 1 for employee growth (136%).

"We're honored to be recognized by Network World. We knew that we were growing fast but to be number one in the hyper-kinetic networking market is fantastic," said Robert Fitzgerald, CEO of Terabeam. "A key to our rapid growth is the development of an extremely broad and robust wireless broadband product line. We are seeing our product and experience breadth to be a significant competitive advantage as wireless broadband projects are becoming larger and more complex. We're not looking to slow down!"

Terabeam generates the great majority of its revenue through the sale of broadband wireless equipment by its wholly owned subsidiary Proxim Wireless. In the past few months, Proxim Wireless has issued a series of new product announcements, further demonstrating the company's strides toward expanding its leading portfolio of products for outdoor broadband wireless access. Customers can now take their networks in new directions with:

The capabilities of fixed and mobile WiMAX for the U.S and global markets - Tsunami MP.11, available for 2.4 GHz, 5.25 GHz, 5.47 GHz and 5.72 GHz frequency bands, now includes fast roaming, WiMAX Quality of Service (QoS), and enhanced dynamic frequency selection (DFS).

WiMAX Forum Certified point-to-multipoint products for service provider networks outside of the U.S. in the 3.5 GHz frequency band - Tsunami MP.16, available for 3.4-3.6 GHz frequency bands.

Outdoor wireless mesh solutions for metropolitan and community access networks - including the AP-4000MR-LR, dual-radio, ruggedized Wi-Fi mesh access point, with a similar version, the AP-4900MR-LR, available for mission-critical, 4.9 GHz public safety networks. Both offer double the capacity of single-radio competitive offerings backed by the powerful features of the ORiNOCO Wi-Fi platform.

Millimeter wave technology offering the performance of fiber for a fraction of the cost and installation time - the GigaLink series of point-to-point radio systems, operating in the license-free frequency band of 60 GHz, offers throughput up to 1 Gbps with a range of enterprise and carrier network interfaces, and has proven to be a cost-effective solution for media companies, pharmaceutical manufacturers, medical centers, universities and other enterprises requiring bandwidth-intensive data transfers without the issues of installing fiber.

Another significant, recently-announced Proxim Wireless initiative is a special "Equipment Grant Program" for selected municipalities. To qualify for consideration, municipalities must currently be in the planning stages of deploying a Community Access Network. Under the Program, Proxim plans to award to two cities, each of which meets certain qualifications, a quantity of its new outdoor mesh products without cost for use in Municipal Wi-Fi or Public Safety applications.