Terabeam Wireless Appoints Thomas Bennett as 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."


Safe Harbor Statement

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.

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