Falls Church, VA — October 28, 2004: Terabeam Wireless, the business name of YDI Wireless, Inc. (NASDAQ:YDIW), a leading developer and supplier of broadband wireless solutions, has supplied the wireless network equipment enabling the City of Hollywood, Florida to offer citizens, local businesses, and visitors free access to the Internet in a 12 square-block area. Terabeam Wireless provided the equipment through its reseller JBE Technology, which partnered with LDBS, IDS Telecom, FIRM Realty, and the Downtown Hollywood Community Redevelopment Agency (CRA).
Internet access is available via the increasingly popular wireless fidelity or Wi-Fi TM technology, commonly found in “hotspots” in airports, hotels, retail establishments, and other public venues around the world. Wi-Fi TM uses an access point which allows persons with wireless-enabled computers or personal digital assistants (PDAs) to connect to the Internet while in range of the access point.
“Downtown Hollywood has experienced a surge in popularity due to its redevelopment efforts,” commented Mara Giulianti, Mayor of the City of Hollywood. “I am grateful to the partnership of local organizations for enhancing the community experience with free Internet access, and to Terabeam Wireless for ensuring that we do so with the most advanced technology on the market.”
Robert Fitzgerald, Terabeam Wireless’ CEO, said “Hollywood, Florida joins San Francisco, Culver City, and several other cities around the world which have either implemented our industry-leading technology or are preparing to do so. We are pleased that our 18-year heritage of excellence in wireless networking is being applied by municipalities looking for innovative and cost-effective ways to bring broadband access to the masses.”Terabeam Wireless is the business name of YDI Wireless, Inc. Terabeam Wireless is a world leader in providing extended range, license-free wireless data equipment and is a leading designer of turnkey long distance wireless systems ranging from 9600 bps to 1.44 Gbps for applications such as wireless Internet, wireless video, wireless LANs, wireless WANs, wireless MANs, and wireless virtual private networks. Additional information about Terabeam Wireless as well as its complete product line can be found at the company's website located at http://www.terabeam.com or by contacting the company by telephone at 413-665-8551 or by email at IR@terabeam.com.
JBE Technology, Inc., a systems integrator located in Medley, Florida, provides turnkey telecommunication solutions. Today JBE's focus is wireless solutions, providing the full line of Terabeam Wireless' products and turnkey solutions to education and government. Additional information about JBE Technology, Inc. as well as its complete service offerings can be found online at http://www.jbetech.com or obtained by contacting the company by telephone at 877-367-2535 or by e-mail at info@jbetech.com.
Statements in this press release that are not statements of historical facts, including statements regarding Terabeam Wireless’ business outlook or expected products, capabilities, performance, opportunities, or developments, are forward-looking statements that involve risks, uncertainties, and assumptions. Terabeam Wireless’ actual results may differ materially from the results anticipated in these forward-looking statements. The forward-looking statements involve risks and uncertainties that could contribute to such differences including those relating to the downturn and ongoing uncertainty in the telecommunications industry and larger economy; the intense competition in Terabeam Wireless’ industries and resulting impacts on its pricing, gross margins, and general financial performance; difficulties in predicting Terabeam Wireless’ future financial performance; and risks arising from and relating to Terabeam Wireless’ recent acquisitions of Ricochet Networks, Inc., Terabeam Corporation, and KarlNet, Inc. and contemplated acquisition of Phazar Corp. Further information on these and other factors that could affect Terabeam Wireless’ actual results is and will be included in filings made by Terabeam Wireless from time to time with the Securities and Exchange Commission and in its other public statements.
