Proxim Corporation (NASDAQ:PROX) , a leading provider of high-performance wireless local area networking (WLAN) and wireless wide area networking (WWAN) products, today announced that Frank Plastina has been appointed President and CEO and will join the Board of Directors. A 15 year veteran of Nortel Networks Corporation, Plastina, as President, Metro and Enterprise Networks, had full P&L responsibility for Nortel's largest business unit with over $6 billion in revenue and over 18,000 employees. Prior to that position, Plastina served as President of Nortel's Wireless and Core Networks.
Jonathan Zakin, previously Proxim's Chairman and CEO, will remain active as Chairman of the Board working with Plastina on strategic initiatives and investor relations.
"Attracting a person of Frank's caliber and experience is a tremendous coup for Proxim," said Zakin. "In addition to his knowledge of the industry, Frank brings an extremely strong operating focus to the business, a key to the integration of the two acquisitions we completed last year."
"The market has clearly embraced the economics and ease of deploying WLAN and WWAN capabilities," said Plastina. "The breadth of Proxim's portfolio uniquely positions the Company to address opportunities from small businesses to large carriers. I am very excited about the potential."
About Proxim
Proxim Corporation is a leader in wireless networking. It is the only company exclusively focused on both high-performance indoor and outdoor wireless networking, with the broadest range of wireless infrastructure and clients products in the world. Proxim's award-winning line of ORiNOCO wireless local area network (WLAN) products support all Wi-Fi standards and provide unsurpassed computing mobility and security. Its line of Tsunami wireless wide area network (WWAN) Ethernet bridges reliably connect networks between locations up to 40 miles apart, and with speeds up to 860 Mbps. The company also makes Lynx, a line of microwave radios used for cellular backhaul. Proxim Corporation was created by the merger of Proxim, Inc. and Western Multiplex Corporation in March 2002, and acquired the wireless LAN assets of Agere Systems particularly the Orinoco product line in July 2002. Its web site is www.proxim.com.