PROX Proxim (MM)

Proxim Changes Date of Release of Q1 2005 Earnings Release of Q1 Results to Coincide With 10-Q Filing SUNNYVALE, Calif., May 3 /PRNewswire-FirstCall/ -- Proxim Corporation (NASDAQ:PROX), a global leader in wireless networking equipment for Wi-Fi and broadband wireless networks, today announced it has changed the date of its release of first quarter 2005 financial results and, as such, has canceled its previously scheduled call for Wednesday, May 4, 5:00 PM, Eastern Time. Proxim intends to release first quarter financial results to coincide with the Company's Form 10-Q scheduled to be filed on May 11, 2005. About Proxim Proxim Corporation designs and sells wireless networking equipment for Wi-Fi and broadband wireless networks. The company is providing its enterprise and service provider customers with wireless solutions for the mobile enterprise, security and surveillance, last mile access, voice and data backhaul, public hot spots, and metropolitan area networks. This press release and more information about Proxim can be found on the Web at http://www.proxim.com/. Safe Harbor This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 concerning Proxim's expected release of financial results for the first quarter of 2005 and the filing of its Form 10-Q. Forward looking statements are subject to risks and uncertainties including Proxim's ability to timely announce its financial results and file is Form 10-Q or other issues and other risks and uncertainties associated with Proxim's business. For additional information regarding risks relating to Proxim's business, see Proxim Corporation's Form 10-K for the year ended December 31, 2004, and current reports on Form 8-K, and other relevant materials filed by Proxim with the Securities and Exchange Commission. DATASOURCE: Proxim Corporation CONTACT: Susan Trout of Proxim Corporation, +1-408-542-5366, or Web site: http://www.proxim.com/

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