Proxim added to ESR "watch list".

M2 PRESSWIRE-17 May 2004-Emerging Stock Report: Proxim added to ESR "watch list"(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:05172004

The Emerging Stock Report, believe that aggressive investors should pay close attention to Proxim Corp (Nasdaq:PROX) a global leader in wireless networking equipment for Wi-Fi and broadband wireless networks, announced today that Proxim and its partner, Forth Research Institute, a subsidiary of DaTang Telecom Inc., have been awarded a frame contract by China Telecom to provide point-to-multipoint broadband wireless solutions in 10 provinces in China.

Deployments are already underway in the Tianjin municipality and the Shanxi province to deliver high-speed Internet access and Voice over IP services to residential and enterprise customers.

As the largest service provider in China, China Telecom has local access networks in 21 provinces in the south and west, and 10 branch corporations in the 10 provincial regions. China Telecom is deploying Proxim's 5.8 GHz license-exempt broadband wireless products to expand capacity beyond the current licensed spectrum to meet market demand for high speed Internet access and voice over IP services. China Telecom selected Proxim's Tsunami Multipoint products because of their high capacity, flexibility and fast, simple installation. Forth Research Institute will supply the equipment and provide maintenance services and technical support for Proxim products to China Telecom.

Through active collaboration with Proxim's partners in China, all major service providers in China are deploying Proxim's wireless networking solutions for applications such as voice and data backhaul, public hot spots, and last-mile broadband access.

About Proxim

Proxim Corporation is a global leader in wireless networking equipment for Wi-Fi and broadband wireless networks. The company is providing its enterprise and service provider customers with wireless solutions for public hot spots, voice and data backhaul, enterprise campuses, security and surveillance, broadband wireless access and mobile professionals. This press release and more information about Proxim can be found on the Web at www.proxim.com.

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