Terabeam Wireless Appoints Thomas Bennett As President And Chief Operating Officer
Falls Church, VA
— December 27, 2004: Terabeam Wireless, the business name of YDI
Wireless, Inc. (NASDAQ:YDIW), a leading developer and supplier of broadband
wireless solutions, today announced that it has appointed Thomas C. Bennett
as its President and Chief Operating Officer.
Mr. Bennett brings over 20 years of telecom experience to Terabeam Wireless.
He has held senior management, operations, and engineering positions with a
number of companies, including GTE Government Systems Corporation, Advanced
Radio Telecom, and Maxlink Communications. His background includes experience
with fixed wireless carriers, system integration, and telecom infrastructure
installation, all areas that will be valuable to Terabeam Wireless. Mr. Bennett
served for 13 years in the U.S. Army Signal Corps. He has a B.S. in Engineering
from the United States Military Academy at West Point, an M.S. in Operations
Research and an M.S. in Industrial Engineering both from Stanford University,
and an M.B.A. from Long Island University.
Robert Fitzgerald, Terabeam Wireless’ Chief Executive Officer, commented,
“We are very excited to have Tom join our team. We expect his leadership,
background, and management style will help us move our company to the next level.”
Mr. Bennett stated, “I am very happy to join Terabeam Wireless at this
exciting stage of its growth. I look forward to working with our customers,
suppliers, and employees to continue the company’s growth and success.”
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.
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, customers, deployments, 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. 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.
David L. Renauld
Vice President, Corporate Affairs
(413) 665-8551