Terabeam Sells Two Patents for $2.5 Million
05 Luglio 2007 - 3:00PM
Business Wire
Terabeam, Inc. (NASDAQ:TRBM), a global pioneer and leading
developer and supplier of Mesh, WiMAX, Wi-Fi and Millimeter Wave
wireless products and�solutions, today announced that it has sold
two of its patents for $2.5 million. As part of the sale, Terabeam
and its subsidiaries received a license to continue to make and
sell its products generally in the ordinary course of business,
subject to certain limitations. Robert Fitzgerald, Terabeam�s Chief
Executive Officer, stated �We are pleased that we were able to
monetize some of our assets in a manner which we believe will not
adversely impact the continued operation of our business. This
purchase validates the value of our patent portfolio. After the
sale of these two patents, we still have over 130 patents with
numerous patent applications pending.� About Terabeam Terabeam,
Inc. has two primary subsidiaries Proxim Wireless Corporation and
Ricochet Networks, Inc. Proxim Wireless Corporation is a global
leader in providing WiMAX, Wi-Fi, and other broadband wireless
solutions to meet the performance, scalability, and security
requirements of enterprises, government, and service providers.
Ricochet Networks, Inc. is a leading portable Wireless Internet
Service Provider (WISP) with operational markets in Denver,
Colorado and San Diego, California. Additional information about
the company can be found at the company's website located at
http://www.terabeam.com or by contacting the company by telephone
at 413-584-1425 or by email at IR@terabeam.com. Safe Harbor
Statement Statements in this press release that are not statements
of historical facts are forward-looking statements that involve
risks, uncertainties, and assumptions. Terabeam�s 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 and arising from the uncertainty
whether the license rights granted to Terabeam will be broad enough
to permit Terabeam to continue to operate its business as it now or
in the future desires; reactions, positive or negative, of
customers, investors, employees, competitors, and others to this
patent sale and its ramifications; and the uncertainty as to the
value of Terabeam�s remaining patents. Further information on these
and other factors that could affect Terabeam�s actual results is
and will be included in filings made by Terabeam from time to time
with the Securities and Exchange Commission and in its other public
statements.
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